Sunday, 3 May 2015
Last updated 2 days ago
Jan 9 2013 | 12:49pm ET
A former Citigroup hedge fund executive is President Barack Obama's choice to serve as U.S. Treasury Secretary during his second term.
Obama plans to nominate White House Chief of Staff Jacob Lew to take over from Timothy Geithner, tomorrow. Geithner has repeatedly made clear that he wishes to step down, and reiterated it in the wake of the fiscal cliff talks that he helped lead.
Lew, who must be confirmed by the U.S. Senate, has served in the Obama administration from the beginning. Prior to taking over as chief of staff last January, he was director of the Office of Management and Budget and deputy secretary for management and resources at the State Department. Obama's administration is the second Lew, 57, has served in; he was previously head of OMB under President Bill Clinton.
In between those administrations, Lew served as chief operating officer of Citi Alternative Investments, from 2006 through 2009.
When Obama named Lew his chief of staff, he said, "his economic advice was invaluable."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…