White House Staffing, Treasury Secretary | featured news

The Senate has confirmed Jack Lew, a former budget director and chief of staff to the president, as the next Secretary of the Treasury. The vote was 71 to 26.

White House chief of staff Jack Lew is President Barack Obama's expected pick to lead the Treasury Department, with an announcement possible before the end of the week.

Bloomberg and Politico have reported that Treasury Secretary Tim Geithner will leave his post with the Obama administration by the end of January.

Treasury Secretary Timothy F. Geithner says he's "confident" he won't be serving a second term, even if President Obama is reelected.

The secretary's decision not to leave means President Obama can avoid a Senate confirmation fight to fill the post during a time of financial turmoil. Treasury Secretary Timothy F. Geithner will not be stepping down, ending speculation that the key Obama administration advisor was preparing to resign.

A Senate panel recommended that the full Senate confirm Tim Geithner as the next Treasury secretary.

U.S. Treasury Department official Stuart Levey has agreed to act as treasury secretary pending confirmation of Timothy Geithner, a transition official said on Thursday.

AP - Treasury secretary designee Timothy Geithner is meeting with senators to discuss why he failed to pay personal taxes and check the immigration status of a housekeeper. An official with President-elect Barack Obama's transition office says Geithner answered senators' questions during a meeting he requested Tuesday.