Orthodox Jew Jack Lew Clears First Treasury Secretary Hurdle
The Senate Finance Committee approved the nomination
of Jack Lew to be Treasury secretary on Tuesday, paving the way for a full
Senate vote.
The nomination was approved by the committee
on a 19-5 vote.
Senate leaders have not yet scheduled a vote
by the full Senate, but Lew is not expected to face the same heavy Republican
opposition as more controversial nominees, such as Obama's pick for Defense
secretary, Chuck Hagel.
Sen. Orrin Hatch, the panel’s top Republican,
voted in favor of Lew while saying he has concerns about the nominee.
“Though I would have chosen a different
person for this particular post, I intend to defer to President [Barack] Obama
with regard to the Lew nomination,” the Utah senator said.
Hatch said he still has reservations about
Lew’s time at New York University and Citigroup and that he will continue to
discuss those concerns when the nomination comes to the Senate floor for a
vote.
The other Republicans to vote in favor of
Lew’s nomination were Sens. Richard Burr (N.C.), Johnny Isakson (Ga.), Rob
Portman (Ohio) and Pat Toomey (Pa.) and John Thune (S.D.)
Lew, who has been confirmed by the Senate
three times and served most recently as Obama's chief of staff, is well-known
to most members of the Senate and has been gathering strong support from both
Democrats and Republicans in recent weeks.
The nomination process hit a speed bump early
this month when Republicans flagged an investment Lew made in an employee fund
located in the Cayman Islands when he worked as chief operating officer of a
Citigroup unit.
At his confirmation hearing, Lew said he was
unaware of the location of the fund and paid all taxes when he divested in
2010. Committee members also grilled Lew on the deficit-reduction plan of
spending cuts and revenue increases that he helped craft and his plans for tax
reform.
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