Obama nominates Jack Lew as Treasury Secretary - Houston weather, traffic, news | FOX 26 | MyFoxHouston

Obama nominates NYC native Jack Lew for Treasury Secretary

Posted: Updated:
In this Feb. 15, 2011 file photo, Budget Director Jack Lew testifies on Capitol Hill in Washington. Two senior administration officials say the White House chief of staff, William Daley, is resigning. He's being replaced by Jacob Lew. AP Photo/J. Scott In this Feb. 15, 2011 file photo, Budget Director Jack Lew testifies on Capitol Hill in Washington. Two senior administration officials say the White House chief of staff, William Daley, is resigning. He's being replaced by Jacob Lew. AP Photo/J. Scott

WASHINGTON (AP) -- President Barack Obama is announcing Treasury secretary nominee Jack Lew, pointing to his past work of balancing budgets during the Clinton administration.

The president says he feels "bittersweet" about losing Lew as his White House chief of staff but says "my loss will be the nation's gain."

He notes that Lew was budget director during the Clinton administration, when the budget ran a surplus for three years.

Lew is taking over Treasury as the administration prepares for a new fight with congressional Republicans over the nation's debt and deficits.

If confirmed, he will replace Treasury Secretary Timothy Geithner, who led the department through the economic turmoil of the first term.

  • Queens NewsQueens NewsMore>>

  • Protesters gather outside Liam Neeson's home

    Protesters gather outside Liam Neeson's home

    Saturday, April 19 2014 6:51 PM EDT2014-04-19 22:51:12 GMT
    The escalating debate over carriage horses in New York City has gotten personal. Dozens of protestors gathered outside actor Liam Neeson's Upper West Side condo on Saturday to take the issue right to his doorstep. Standing in a straight line outside the actors condo, demonstrators held signs criticizing Liam Neeson's position that city carriage horses should keep working.
    The escalating debate over carriage horses in New York City has gotten personal. Dozens of protestors gathered outside actor Liam Neeson's Upper West Side condo on Saturday to take the issue right to his doorstep. Standing in a straight line outside the actors condo, demonstrators held signs criticizing Liam Neeson's position that city carriage horses should keep working.
  • Woman killed in NYC home with 2 children there

    Woman killed in NYC home with 2 children there

    Saturday, April 19 2014 5:58 PM EDT2014-04-19 21:58:30 GMT
    A woman was shot and killed inside her Ozone Park home on Saturday while her two children were there. The woman was shot in the chest and died at her house on 101st Avenue and 104th Street. The NYPD says the shooting stemmed from a domestic dispute.
    A woman was shot and killed inside her Ozone Park home on Saturday while her two children were there. The woman was shot in the chest and died at her house on 101st Avenue and 104th Street. The NYPD says the shooting stemmed from a domestic dispute.
  • Queens Beer Week kicks off

    Queens Beer Week kicks off

    Friday, April 18 2014 10:19 PM EDT2014-04-19 02:19:20 GMT
    Queens wants to be known as New York City's beer capital. Queens Beer Week kicked off on Friday to celebrate the borough's crafty breweries and the more than 60 venues that serve their beer. Dan Bronson of Crescent and Vine in Astoria is the bearded brains behind the inaugural Queens Beer Week. He organized it all. The nine-day celebration of beers brewed in Queens.
    Queens wants to be known as New York City's beer capital. Queens Beer Week kicked off on Friday to celebrate the borough's crafty breweries and the more than 60 venues that serve their beer. Dan Bronson of Crescent and Vine in Astoria is the bearded brains behind the inaugural Queens Beer Week. He organized it all. The nine-day celebration of beers brewed in Queens.
Powered by WorldNow

KRIV FOX 26
4261 Southwest Freeway
Houston, TX 77027

Phone: (713) 479-2801
Fax: (713) 479-2859

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices