Jack Lew

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President Barack Obama talks with Treasury Secretary Jack Lew on the patio outside the Oval Office, May 1, 2013. (Official White House Photo by Pete Souza)

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"If U.S. bond holders decided that they wanted to be repaid rather than continuing to roll over their Treasury investments," the United States could be forced into default within days, Treasury Secretary Jack Lew told Congress last week. (Associated Press)

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With a debt-ceiling deadline looming, Treasury Secretary Jack Lew reminds Congress of its responsibility to protect "the full faith and credit" of the U.S. (Associated Press)

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** FILE ** Treasury Secretary Jack Lew testifies before the Senate Banking Committee on Capitol Hill in Washington on Tuesday, May 21, 2013. (Associated Press)

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Treasury Secretary Jack Lew testifies on Capitol Hill in Washington on April 16, 2013, before the House Budget Committee hearing on President Obama's fiscal 2014 federal budget. (Associated Press)

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Treasury Secretary Jack Lew testifies on Capitol Hill in Washington on April 11, 2013, before the House Ways and Means Committee hearing to defend President Obama's budget proposal for fiscal 2014. (Associated Press)

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Chinese President Xi Jinping (right) shakes hands with U.S. Treasury Secretary Jack Lew during the American official's visit to the Great Hall of the People on Tuesday, March 19, 2013, in Beijing. Mr. Xi said China wants strong ties with Washington as he held talks with Mr. Lew in Mr. Xi's first meeting with a foreign official since being appointed president. (AP Photo/Feng Li, Pool)

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associated press Jack Lew, who most recently served in Washington as President Obama’s chief of staff, will fill the government’s top financial post at a time when the U.S. economy is still struggling.

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Jack Lew, who most recently served in Washington as President Obama's chief of staff, will fill the government’s top financial post at a time when the U.S. economy is still struggling. (Associated Press)

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Jack Lew (center) shakes hands with former Sen. Pete Domenici, New Mexico Republican, before he and Sen. Charles E. Schumer, New York Democrat, testify Wednesday before the Senate Finance Committee on Mr. Lew’s nomination to be Treasury secretary. (Andrew Harnik/The Washington Times)