Monday 18 December 2017

Rachelle Younglai: Concern as Obama’s choice in Treasury untested outside budget expertise

White House Chief of Staff Jack Lew
White House Chief of Staff Jack Lew

PRESIDENT Barack Obama broke the mould yesterday by choosing a budget expert to serve as US Treasury secretary, leaving gaps on the international and financial side that could make for a rocky transition.

Jack Lew, Obama's chief of staff, was chosen to lead the Treasury Department as the White House heads into another round of difficult talks with Congress on how to put the nation on a sound fiscal path.

By tapping a two-time White House budget director, Obama signalled the importance he places on the ongoing budget battles.

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