Wednesday, April 16, 2014

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Jack Lew, A Native New Yorker, Nominated To Head US Treasury Dept.

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President Barack Obama nominated today Jack Lew, his current chief of staff and a Queens native, to serve as the new head of the U.S. Treasury Department.

If confirmed by the U.S. Senate, Lew will succeed outgoing Treasury Secretary Timothy Geithner.

Lew was head of the Office of Management and Budget and in charge of international economic issues at the U.S. State Department.

He began his career in the office of late House Speaker Tip O'Neill and also oversaw three budget surpluses during the Clinton Administration.

"I look forward to joining the Treasury Department whose people are legendary for their skill and knowledge. It's a team that I have collaborated with closely over many years and have come to respect greatly," Lew said.

"For all the talk out there about deficit reduction and making sure our books are balanced - this is the guy who did it," Obama said.

Lew is a graduate of Forest Hills High School in Queens.

If he comes the next secretary of the treasury, Lew may want to change his signature.

The treasury secretary's signature graces all of the country's paper currency and Lew's loopy scrawl is tough to make out.

Geithner changed his signature when he took the post.

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