“WASHINGTON—President Barack Obama has decided to nominate Jacob Lew, a central behind-the-scenes figure in the Clinton and Obama White Houses, to be the 76th U.S. Treasury Secretary, elevating the White House chief of staff into the administration’s most important economic post, a Democratic official familiar with the matter said.
Mr. Lew, if confirmed by the Senate, would break the mold of recent Treasury chiefs, as he is known more for being a loyal democratic lieutenant and budget wonk rather than a financial-market guru with broad contacts in the business world….”
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