Jack Lew sworn in as treasury secretary

Feb. 28, 2013 at 3:37 PM

WASHINGTON, Feb. 28 (UPI) -- Jack Lew was sworn in as treasury secretary Thursday in a private ceremony hosted by President Obama.

The oath of office was administered by Vice President Joe Biden.

Lew is the 76th treasury secretary, succeeding Timothy Geithner, who announced his departure soon after Obama won his second term.

During his daily media briefing, White House press secretary Jay Carney said Obama and Lew "have become close through their service together, and the president wanted to have this ceremony for Secretary Lew, in the Oval Office, because of that relationship."

Lew had been Obama's chief of staff and before that was budget director for Obama and President Bill Clinton.

The U.S. Senate Wednesday handily confirmed Lew as treasury secretary Wednesday, despite reservations by some Republicans, on a 71-26 vote. Lew had come under criticism from some GOP senators for his personal finances and connections with Wall Street.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Houston-based LINN leaves Texas shale
Australian troops to receive new rifle variant
Saab joining BAE Systems, Patria in bid to produce armored vehicle
Gas prices could go up, AAA says
Kurdish government in Iraq selling more oil