President Obama nominated Jacob J. Lew, currently White House chief of staff, on Thursday as the nation's 76th Treasury Secretary, succeeding Timothy F. Geithner.
Lew, 57, served as director of the Office of Management and Budget from 1998 to 2001, and also was the first deputy secretary of state for Management and Resources. His private sector experience includes working as managing director and chief operating officer of Citi Global Wealth Management.
His nomination had been widely expected and Senate confirmation is also expected to be successful.
Mike Obel assigns, edits and writes stories about business, markets, finance and economics. Before coming to International Business Times, he worked on the Finance Desk of...