Treasury Secretary nominee Jack Lew had to explain his investments in the Cayman Islands during his confirmation hearing today when he was confronted with President Obama's previous statements calling investments in the Cayman Islands a "tax scam."
WASHINGTON - President Obama's decision to name Jacob Lew, his chief of staff and former budget director, to be his Treasury secretary sent a depressing signal that the economy and jobs won't be his highest priority in a second term.
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