President Barack Obama has officially nominated his chief of staff Jack Lew to replace Timothy Geithner as Treasury Secretary. On his way out, Obama credited Geithner with having a "steady hand" throughout the past four years while he navigated rocky waters of economic turmoil. He touted bailout and stimulus spending saying a large portion of loaned money has been paid back.
"When history books are written, Tim Geithner is going to go down as one of the finest secretaries of Treasury," Obama said.
In choosing Jack Lew to take Geithner's place, Obama is confident.
"“I trust his...