White House Chief of Staff Jack Lew will be nominated for Treasury secretary by President Obama Thursday, according to several news sources.
If confirmed by the Senate, Lew would replace Timothy Geithner, who has said he doesn't wish to serve a second term and will leave the post by Jan. 31.
Lew served under both Obama and President Bill Clinton as director of the Office of Management and Budget. In between administrations, he worked as chief operating officer of Citigroup's Alternative Investments unit, where he oversaw a successful hedge fund investment that predicted the collapse of the housing market.
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