Obama Nominates Chief of Staff Lew to Be Treasury Secretary

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President Obama nominates Chief of Staff Jacob “Jack” Lew to succeed outgoing Treasury Secretary Geithner. Lew has many supporters on Capitol Hill, and it is unlikely that his ultimate confirmation is in any jeopardy, but he is not without critics. Republicans have privately complained that Lew has been unwilling to give much ground during negotiations on key tax and spending fights. Lew was a key figure for the administration in negotiations with Congress on the debt ceiling increase in 2011. Lew's hard-nosed negotiating style has proven so irritating to some Republican leaders, there is a reluctance to even meet with him, according to one congressional aide, raising questions about what that may mean for efforts to get tax reform done in 2013. Analysts, however, see the bigger challenge for tax reform lying within Congress and said the real work will be done by House Ways and Means Chairman Camp and Senate Finance Chairman Baucus.

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