Stig Östlund

torsdag, februari 28, 2013

Jacob Lew confirmed as Treasury secretary‏

The Senate has confirmed President Obama's choice of Jacob Lew to be Treasury secretary. The Senate voted 71-26 to support the nomination. Lew, 57, had most recently served as Obama's chief of staff. He succeeds Timothy Geithner. USATODAY

"---Widely respected by centrists and liberals alike, Lew won positive reviews of his work as deputy secretary of state under Hillary Rodham Clinton after his role as director of the Office of Management and Budget (OMB) in the Clinton administration. In July 2010, President Obama tapped him to return to his old White House stomping grounds as the replacement for OMB Director Peter Orszag. He was confirmed that November ---"/Washington Post

Definition of 'Treasury Secretary

The Secretary of the Treasury is a member of the Presidential cabinet. This person is the acting head of the Department of the Treasury, and deals with all financial and monetary matters directly relating to the government. The secretary is the principal economic advisor of the President and plays a major role in formulating economic policy.

 

Investopedia explains 'Treasury Secretary'

The Secretary of the Treasury position is roughly equivalent to the finance minister post found in many foreign governments. In 2003, a number of agencies were split away from the Department of the Treasury and reassigned to the Department of Homeland Security. The Bureau of Alcohol, Tobacco and Firearms, Customs Service and the Secret Service were among those sent over.

The Treasury Secretary is fifth in the presidential line of succession

Bloggarkiv