President Obama and Jack Lew(Photo: Mandel Ngan, AFP/Getty Images)
President Obama is poised to nominate White House chief of staff Jack Lew for Treasury secretary, perhaps as early as Thursday.
Lew would replace Timothy Geithner, who has announced he wants to leave the Treasury Department in mid-January.
official who has been briefed on the process confirmed the selection,
speaking on condition of anonymity because Obama has not made the
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veteran government official, Lew, 57, has worked on budget battles
ranging from the President Ronald Reagan-Tip O'Neill Social Security
deal of 1983 to the President Bill Clinton-Newt Gingrich disputes of the
Lew has been budget director for both presidents Obama and Clinton.
White House chief of staff, Lew has been involved in a series of
running arguments with House Republicans over taxes and spending,
including the recent talks leading to a "fiscal cliff" deal.
moving to the White House to serve as budget director, Lew served as
deputy secretary of State for management and resources, giving him
experience in international economics.
Obama, less than two weeks from his second inauguration, has been busy filling top jobs for his new term.
last month, Obama nominated Sen. John Kerry, D-Mass., to be secretary
of State. Earlier this week, he picked former Nebraska senator Chuck
Hagel for Defense secretary and White House adviser John Brennan for the
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