Arab Today, arab today obama wants fast confirmation for lew at treasury
Last Updated : GMT 03:41:03
Arab Today, arab today
Arab Today, arab today

Obama wants fast confirmation for Lew at Treasury

Arab Today, arab today

Arab Today, arab today Obama wants fast confirmation for Lew at Treasury

Washington - AFP

President Barack Obama picked Jack Lew as his new Treasury secretary Thursday and called on the Senate to confirm him as quickly as possible, so he can press on with the work of reviving the economy. Lew, Obama\'s current chief of staff, is slated to take over from Tim Geithner, who stood by Obama\'s side at the darkest moments of the crisis that was hammering American jobs and prosperity when he took office in 2009. \"I cannot think of a better person to continue Tim\'s work at Treasury than Jack Lew,\" Obama said, in a White House event rounding out his nominations for the top cabinet jobs in his second term which begins on January 20. \"Jack knows that every number on a page, every dollar we budget, every decision we make, has to be an expression of who we wish to be as a nation. \"So, I hope the Senate will confirm him as quickly as possible,\" Obama said, though almost as soon as he spoke, his Republican opponents ratcheted up a campaign of opposition against his new nominee. Lew, 57, is a classic Washington insider, with multiple tours of duty across the government, including two as budget director, for former president Bill Clinton and Obama, and a spell as deputy secretary of state. His selection symbolically hit the start button on a new showdown between Obama and Republicans on Capitol Hill, just over a week after the end of the \"fiscal cliff\" tax and spending tussle. Lew will be charged with the job of persuading Republican lawmakers to raise the US government\'s debt ceiling from its current $16 trillion level to stave off the prospect of a disastrous government default. He will also be in charge of another row over billions of dollars in automatic government spending cuts now due at the end of February after being delayed for two months in the fiscal cliff compromise. Lew, who is widely respected in Washington but has taken on baggage after years in the partisan stew, will still likely have an easier confirmation process than other second term nominees like Chuck Hagel, Obama\'s pick to head the Pentagon. \"Jack has my complete trust ... in the words of one former senator, having Lew on your team is the equivalent as a coach of having the luxury of putting somebody at almost every position and knowing he will do well,\" Obama said. Obama emphasized the success that Lew had in turning deficits into budget surpluses during the Clinton administration, but Republicans immediately focused on the more challenging time he had as this president\'s budget director. \"Under Jack Lew\'s leadership at the Office of Management and Budget, we saw trillion dollar deficits and no serious attempt to rein in spending,\" said Republican Senator John Cornyn. \"As president Obama\'s chief of staff, we\'ve seen on-going dilatory tactics as the nation stares down one fiscal crisis after another.\" Fellow Republican Jeff Sessions also hit out at Lew\'s record. \"I believe this man has been the architect of the Obama budget policy. I believe it\'s very fundamentally wrong and I do not believe he has been honest with the American people about it,\" Sessions said. Given the advantage Democrats hold in the Senate however -- with 55 of the 100 seats -- many Washington observers expect Lew to be confirmed after a period of political bloodletting. Obama also paid a glowing tribute to Geithner, who had a rocky start at Treasury, but has since emerged as one of the more high-profile people to hold the job in recent years. \"When the history books are written, Tim Geithner\'s going to go down as one of our finest secretaries of the Treasury,\" Obama said. Geithner\'s sharp intellect is disguised by a humble manner and he is personally close to Obama, who liked his low maintenance style. \"There\'s (an) unofficial thing over at Treasury -- no peacocks, no jerks, no whiners. That would be a good thing for all of Washington,\" Obama said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obama wants fast confirmation for lew at treasury Arab Today, arab today obama wants fast confirmation for lew at treasury

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday