Washington Post, By Zachary A. Goldfarb, Jim Tankersley & Chris Cillizza, January 9
President Obama recently said he would love to hire a top executive into his administration. But for the job of Treasury secretary, he didn’t pick a corporate executive, a famous economist or a former politician — he has decided to tap a trusted adviser, White House Chief of Staff Jacob Lew [Wikipedia], an expert on the nation’s ongoing budget wars.
Obama plans to nominate Lew to take over from Treasury Secretary Timothy F. Geithner, the president’s longest-serving economic adviser, according to two people familiar with the pick. The selection signals that Obama’s second term will not initially focus on big new ideas to create jobs or expand government investment in the economy.