Obama nominates Jack Lew as new Treasury chief

Senate approves appointment of Orthodox Jewish White House chief of staff to replace Timothy Geithner; Obama says Lew, a "man of deep and devout faith" knows how to express US values.

By JPOST.COM STAFF
January 10, 2013 20:52
2 minute read.
Obama introduces new chief of staff Jack Lew

Jack Lew and Obama 311. (photo credit: REUTERS)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

WASHINGTON – US President Barack Obama on Thursday nominated his current chief of staff, Jack Lew, to be treasury secretary.

Obama said that as a son of Polish immigrants and "a man of deep and devout faith," Lew knows that the administration's policy has to express American values.

Be the first to know - Join our Facebook page.


Lew responded by thanking the US president, telling him that serving in his administration has allowed him "to live out those values my parents instilled in me."

Lew, the first Orthodox Jew to serve as White House chief of staff, has long been expected to be offered the job.

A former two-time director of the Office of Management and Budget, Lew has already participated in many of the tense fiscal negotiations with Republican leaders that are set to continue in Obama’s second term.

Lew, who does not work on Shabbat, has close ties with Jewish leaders in Washington and campaigned for Obama among the Jewish community during the 2012 campaign.

Lew told The Jerusalem Post in the final days of the campaign that from his perspective, “The United States and Israel have never had a closer relationship working day to day on matters of national security at every level.”



In response, the National Jewish Democratic Council (NJDC) lauded the nomination, saying Lew was "uniquely suited" to the role.

NJDC Chair Marc Stanley and NJDC CEO David Harris said of the nomination: "Lew is uniquely suited to take over at the Treasury given his extensive experience shaping the President's budgets in his capacities as both Chief of Staff and Director of the Office of Management and Budget."

Commenting on his Jewish heritage, the NJDC stated Lew has been a "prominent bridge" to the American Jewish community, as well as in "bringing his own Jewish values into public life."

Lew is to replace current Treasury Secretary Timothy Geithner, who has said that he intends to step down by the end of the month. Lew, who has held other positions requiring Senate approval, has won confirmation from the Democratic-majority body despite having rankled some Republicans in earlier negotiations.

In what is likely to be one of his last meetings with a foreign counterpart, Geithner hosted Finance Minister Yuval Steinitz this week in Washington. The two men agreed to create a bilateral forum to review the impact of sanctions on Iran and how to increase pressure on the Islamic Republic.

Steinitz stressed to Geithner that Israel believes additional sanctions are needed alongside a serious military threat to convince Iran to stop its nuclear activities.

Hilary Leila Krieger and JTA contributed to this report.

Related Content

Police officers stand at a cordon after a car crashed outside the Houses of Parliament in Westminste
August 14, 2018
Crash in U.K. parliament investigated by counter-terrorism police

By REUTERS