Obama's New Money Man
President Obama used his press conference officially nominating Jack Lew as Treasury Secretary to answer critics. "Under President Clinton, he presided over three budget surpluses in a row. So for all the talk out there about deficit reduction, making sure our books are balanced, this is the guy who did it- 3 times." But Lew's got a lot of tricky economic issues to deal with: including fiscal fights with Congress over the U.S. deficit.
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