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Obama Nominates Lew

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  • Description

    FBN’s Rich Edson on Jack Lew being formally nominated by President Obama as Treasury Secretary.

  • Duration 1:58
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Moments ago President Obama nominated Jack -- and his next Treasury Secretary as his next adjacent dead today -- -- Latin in the White House that this riches love pushed back on this that was meant.

They're starting to be and first from the White House perspective this is very much a transitional pick one -- President Obama highlighting.

Treasury Secretary Tim Geithner selected almost as the rescue guy comes to treasure when the economy's in freefall at this point.

It's all about budgets and the transition to Jack -- the -- chief of staff to former budget director for President Clinton.

And for President Obama and as the current chief of staff at least -- is going through this nomination process a trusted.

Presidential advisor.

Over the past year I've sought Jackson bites on virtually every decision I've made from economic policy reform -- And one reason Jack has been so effective in this town is because he is a low key guy.

Who perverse to surround himself -- policy experts rather than television cameras.

And over the years he's built a reputation as a master policy who can work with members of both parties and forge principled compromise.

And now the opposition Republicans first starting out with their reaction is from senator Jeff Sessions he says we need -- secretary of treasury.

At the American people the congress in the world will know is up to the task of getting America on the path to prosperity.

Not the -- to decline.

Jack Lew is not that man the original.

Messages that we're now getting from a number Republican senators are gonna have to consider this nomination many of them saying that they will go to the vetting process he would Jack -- -- confirmation hearings as the information comes out but they're saying.

They want to plan to address spending in many of them are skeptical that they're getting it.

From the treasury nominee or from the administration.

Back to you.

-- and thanks for all that.

All right Jack clear that must face the senate before he takes the Helm at the Treasury Department -- with the top Republican on the Budget Committee already speaking out against -- I'll be -- for a bumpy confirmation.

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