Tagged: Jack Lew

The Senate voted 71-26 today to confirm the nomination of Jacob "Jack" Lew as the country's next Treasury secretary.

Jack Lew, who President Obama has nominated as Treasury Secretary, was grilled over his time at Citigroup today during his confirmation hearing.

At issue, reports Fox News, was a nearly $1 million bonus he accepted just as the bank was getting bailed out by the federal government.

Fox adds:

Jack Lew, the man President Obama has chosen to help oversee the country's biggest banks, has said it plainly — he's no expert on banking. Lew said as much when the Senate was vetting him to head the White House Office of Management and Budget in 2010.

Sen. Bernie Sanders, I-Vt., asked Lew if he thought deregulation of Wall Street caused the financial crisis. Lew said he didn't consider himself the best person to answer that question.