Obama nominates chief of staff for Treasury secretary

01/10/2013 | Bloomberg

President Barack Obama nominated Jack Lew to succeed Timothy Geithner as U.S. Treasury secretary. Lew, currently Obama's chief of staff, must be confirmed by the Senate. If he is, one of Lew's first duties will be to work to overcome the next budget crisis, with Congress required to increase the U.S. debt ceiling in the next few weeks.

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