Obama reportedly will nominate Lew as Treasury secretary

President Barack Obama will choose close adviser and longtime Washington figure Jack Lew, currently the White House chief of staff, to be the next Treasury secretary, replacing the departing Timothy Geithner, sources said. The selection suggests that at the beginning of Obama's second term, his administration will focus on anticipated disputes with Republican lawmakers over finances. Lew has been a central figure in negotiating budget deals in Washington since the 1980s.

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