Bloomberg
Feb. 12, 2013
U.S. Treasury secretary nominee Jack Lew faces questions about his work at Citigroup Inc. and an investment in a Cayman Islands fund from senators who will also ask him about ways to cut Medicare spending and the country’s debt.
Lew, picked by President Barack Obama last month to succeed Timothy F. Geithner, will testify before the Democratic- controlled Senate Finance Committee tomorrow.
While Lew is recognized for his knowledge of domestic finance, Republicans at tomorrow’s hearing may ask him about international issues, seeking his weaker points, according to G. William Hoagland, senior vice president at the Washington-based Bipartisan Policy Center. Hoagland worked with Lew from 1997 to 1999.
“It’s fair game for particularly the Senate Finance Committee Republicans to be raising these questions about not just China, but Japanese, the yen and the euro,” he said.
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