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FEB 27, 2013 - Yahoo! News

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U.S. Senate approves Lew as Treasury chief

WASHINGTON (Reuters) - The U.S. Senate on Wednesday confirmed Jack Lew as President Barack Obama's new Treasury secretary, putting the former White House chief of staff in the middle of political brawls over the government's budget. Senators backed Lew 71-26, with all 53 Democrats voting in favor. Lew's most pressing task will be to find a compromise to lessen the economic blow from $85 billion in government spending cuts set to kick in on Friday. But two more deadlines will quickly follow. Funds for most government operations expire on March 27, and the U.S. ...

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