Wednesday, January 9, 2013
Other Cabinet decisions by President Obama are forthcoming, but just a few minutes ago, it has become known that the President now has an announcement to make tomorrow, and that is to replace his present Treasury secretary Timothy F. Geithner, with his chief of staff and former budget director, Jacob J. Lew. His expertise in fiscal policy and Congress dealings far surpass the experience by Geithner. One of the President's reasons for choosing him would be his ability to work with budget fights with Republicans in Congress that are forthcoming. This experience was lacking with his present Treasury Secretary Tim Geithner. But being nominated by a president these days, especially by President Obama, sports an increasing probability that there will be very fascinating hearing by Senate Republicans. With this said, at least the Republicans are not showing outright resentment for a potential nominee towards Lew as they did for the Obama potential nomination of UN Ambassador Susan Rice for the Hillary Clinton job of Secretary of State. The Cabinet positions seem to be shaping up, but it is still up in the air whether any of the President's nominations will actually pass through Congress.
No doubt that Jacob Lew will be sitting in the hot seat for the next few months, as the country faces at least 3 more fiscal cliffs that directly will financially affect everyone.