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Lew: Avoid ‘self-inflicted wounds’ on budget

Recap of Wednesday’s nomination hearing.

Treasury secretary nominee Jack Lew told Congress on Wednesday that he oversaw the operations of a Citigroup unit that sustained big losses during the 2008 financial crisis but bore no responsibility for its sour investments.

Lew’s tenure at Citigroup and his unprofitable investment in a Cayman Islands venture capital drew the most pointed questions from Republicans on the Senate Finance Committee at a confirmation hearing that was generally uncontentious and punctuated by praise for Lew’s decades of government service.

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archive

Lew: Avoid ‘self-inflicted wounds’ on budget

Treasury secretary nominee Jack Lew told Congress on Wednesday that he oversaw the operations of a Citigroup unit that sustained big losses during the 2008 financial crisis but bore no responsibility for its sour investments.

Lew’s tenure at Citigroup and his unprofitable investment in a Cayman Islands venture capital drew the most pointed questions from Republicans on the Senate Finance Committee at a confirmation hearing that was generally uncontentious and punctuated by praise for Lew’s decades of government service.

Click here to read more on USA Today.

Newsletter Signup.

Sign up to the Human Events newsletter

TRENDING NOW:

YouTube Won’t Let You Watch Lauren Southern’s ‘Borderless’

FOREIGN AFFAIRS

DONKTUM: Restricting the Range of Consciousness.

CULTURE

Lauren Southern’s Borderless Deleted By YouTube. ENOUGH.

U.S. POLITICS

Farage: ‘No No to BoJo’.

FOREIGN AFFAIRS

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