Obama nominates NYC native Jack Lew for Treasury Secretary
Posted:
Updated:
In this Feb. 15, 2011 file photo, Budget Director Jack Lew testifies on Capitol Hill in Washington. Two senior administration officials say the White House chief of staff, William Daley, is resigning. He's being replaced by Jacob Lew. AP Photo/J. Scott
WASHINGTON (AP) -- President Barack Obama is announcing Treasury secretary nominee Jack Lew, pointing to his past work of balancing budgets during the Clinton administration.
The president says he feels "bittersweet" about losing Lew as his White House chief of staff but says "my loss will be the nation's gain."
He notes that Lew was budget director during the Clinton administration, when the budget ran a surplus for three years.
Lew is taking over Treasury as the administration prepares for a new fight with congressional Republicans over the nation's debt and deficits.
If confirmed, he will replace Treasury Secretary Timothy Geithner, who led the department through the economic turmoil of the first term.
Sunday, May 19 2013 7:26 PM EDT2013-05-19 23:26:29 GMT
The NYPD are looking for the suspect who shot and killed a 14-year-old girl on a Queens MTA bus Saturday night. The incident happened around 8:50 p.m. on Sutphin and Rockaway Boulevard
The NYPD are looking for the suspect who shot and killed a 14-year-old girl on a Queens MTA bus Saturday night. The incident happened around 8:50 p.m. on Sutphin and Rockaway Boulevard
Sunday, May 19 2013 4:05 PM EDT2013-05-19 20:05:22 GMT
The federal judge presiding over civil rights challenges to the stop-and-frisk practices of the New York Police Department has no doubt where she stands with the government.
The federal judge presiding over civil rights challenges to the stop-and-frisk practices of the New York Police Department has no doubt where she stands with the government.
Thursday, May 16 2013 6:47 PM EDT2013-05-16 22:47:54 GMT
The MTA and Gov. Andrew Cuomo announced that the A train subway will run its route all the way to the Rockaways starting May 30, seven months after Superstorm Sandy washed away the track support bed.
The MTA and Gov. Andrew Cuomo announced that the A train subway will run its route all the way to the Rockaways starting May 30, seven months after Superstorm Sandy washed away the track support bed.
Thursday, May 16 2013 6:06 PM EDT2013-05-16 22:06:34 GMT
A smuggling ring that made a fortune selling more than a million cartons of untaxed cigarettes in New York may have funneled some of the illicit proceeds to terrorist groups, authorities said.
A smuggling ring that made a fortune selling more than a million cartons of untaxed cigarettes in New York may have funneled some of the illicit proceeds to terrorist groups, authorities said.
Thursday, May 16 2013 1:17 PM EDT2013-05-16 17:17:42 GMT
Several New York lawmakers are sounding the alarm about security and safety lapses at day care centers across New York City.
Several New York lawmakers are sounding the alarm about security and safety lapses at day care centers across New York City. In a report released Thursday, dozens of daycares cited by the Dept. of Health for serious and critical health code violations since 2010, have not fixed the problems and continue to operate without penalty.
Wednesday, May 15 2013 11:08 PM EDT2013-05-16 03:08:35 GMT
A judge in Manhattan put the brakes on the so-called Taxi of Tomorrow because the Nissan-built minivan does not come in a hybrid version -- a violation of the city code.
A judge in Manhattan put the brakes on the so-called Taxi of Tomorrow because the Nissan-built minivan does not come in a hybrid version -- a violation of the city code.
Tuesday, May 14 2013 9:54 PM EDT2013-05-15 01:54:43 GMT
The FDNY must subject itself to court supervision for five years to ensure it does not discriminate against blacks and Hispanics in its hiring practices, a federal appeals court said.
The FDNY must subject itself to court supervision for five years to ensure it does not discriminate against blacks and Hispanics in its hiring practices, a federal appeals court said.
Tuesday, May 14 2013 3:59 PM EDT2013-05-14 19:59:22 GMT
USDA photo
The tree-killing Asian longhorned beetle has been eradicated from Manhattan and Staten Island, but remains a problem in Brooklyn, Queens, and parts of Long Island.
The tree-killing Asian longhorned beetle has been eradicated from Manhattan and Staten Island, but remains a problem in Brooklyn, Queens, and parts of Long Island, according to state agriculture officials.
KDFW FOX 4 400 N. Griffin Street Dallas, Texas 75202
Main Station Directory: (214) 720-4444 News Fax: (214) 720-3263 or (214) 720-3333
In this Feb. 15, 2011 file photo, Budget Director Jack Lew testifies on Capitol Hill in Washington. Two senior administration officials say the White House chief of staff, William Daley, is resigning. He's being replaced by Jacob Lew. AP Photo/J. Scott
