It now seems certain that Barack Obama has decided to nominate Jacob Lew, currently White House chief of staff, as the XNUMXth Treasury Secretary in the history of the United States.
Lew is a democratic, loyal to the party and exponent of the public apparatus rather than financial guru, and if his appointment were confirmed Lew would find a particularly hot file on his desk, given that the raising of the debt ceiling has not yet been released and the negotiations with the Republicans to rationalize public spending promise sparks.
In his career, Lew has served as the general manager of New York University, but also has experience in Citigroup and the State Department. Today he is considered one of Obama's most valid collaborators and enjoys a certain respect even from the Republicans, who have known him since the nineties, when the battles over the budget saw him on the front line capable of demonstrating a certain rigidity and negotiating strength .
During the summer battle of August 2011, which saw the country perilously close to technical default, he fought vigorously against the most extreme wing of the Republican Party, the Tea Party, which has always been against balancing deficit agreements by raising taxes to the richest. The appointment could therefore indicate the intention of the White House not to give in excessively to Republican requests to drastically reduce public spending, after the timid agreement at the beginning of the year.
