Obama to Appoint Jack Lew to Treasury

Obama to Appoint Jack Lew to Treasury

President Obama will name White House chief of staff Jack Lew to be the next Treasury Secretary Wednesday, Bloomberg's Hans Nichols reports, saying it's a "Done deal." Lew had been seen as the leading candidate to replace Timothy Geithner, who is stepping down ahead of the next deficit battle, for some time. Lew previously served as the director of the Office of Management and Budget.