Treasury Secretary

Economy
3:44 am
Fri January 11, 2013

Geithner Began With 'Smoldering' Economy; What Does He Leave?

In this handout image provided by the White House, President Obama talks with Treasury Secretary Timothy Geithner at the United Nations on Sept. 23, 2010.
The White House Getty Images

Originally published on Fri January 11, 2013 8:35 am

Outgoing Treasury Secretary Timothy Geithner has had a bruising four years. He took office when the U.S. economy was plunging into the worst recession since the Great Depression.

Nominating Jack Lew as Geithner's successor Thursday, President Obama praised his departing Treasury secretary for helping to get the economy back on track.

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US News
2:14 pm
Thu January 10, 2013

Obama Taps Top Aide Lew For Treasury

Jack Lew has been nominated to be the next Treasury secretary.
Mandel Ngan AFP/Getty Images

Originally published on Thu January 10, 2013 2:57 pm

Saying he "cannot think of a better person" to take the job, President Obama this afternoon formally announced he is nominating Jacob "Jack" Lew, his chief of staff, to be the next Treasury secretary.

Word of Obama's decision to tap Lew, who previously served as budget director in the Obama and Clinton administration, broke Wednesday.

"Jack has my complete trust," Obama said.

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