FILE - In this Jan. 9, 2012, file photo Jack Lew, the administration  FILE - In this Jan. 9, 2012, file photo Jack Lew, the administration's current budget director listens as President Barack Obama makes an announcement in the State Dining Room of the White House in Washington. Obama announced that Lew become his Chief of Staff. The Monday, Feb. 13, 2012, release of the president’s 2013 budget proposal will ask Congress to devote millions for a new trade enforcement center and more U.S. inspectors in China as the administration takes aim at unfair trade practices. (AP Photo/Susan Walsh, File)   

Report: Obama to nominate Lew for Treasury

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Will Rahn
Senior Editor

President Barack Obama will soon nominate White House chief of staff Jack Lew to be the next Treasury secretary, Bloomberg’s Hans Nichols reports.

Lew, who is said to have a rather acrimonious relationship with Senate Republicans, has spent nearly the entirety of his career in government. He served as the director of the Office of Management and Budget in both the Clinton and Obama administrations, and replaced William Daley as chief of staff one year ago.

Frontrunners to replace Lew, according to Bloomberg, include Deputy National Security Advisor Denis McDonough and Ron Klain, a former chief of staff to Vice President Joe Biden.

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