Obama to nominate Jack Lew to Treasury

President Barack Obama talks with Jack Lew on the Colonnade of the White House. President Obama is expected to announce tomorrow his choice of White House Chief of Staff Jack Lew to replace outgoing Treasury Secretary Tim Geithner, says "a person familiar with the process."

Lew, 57, who also has served as director of the Office of Management and Budget, has been offered the Treasury post by Obama, according to the person, who asked for anonymity to discuss personnel matters. [...]

As a former aide to the late House Speaker Tip O'Neill, a Massachusetts Democrat, and a two-time director of the Office of Management and Budget, Lew has experience on both ends of Pennsylvania Avenue. He's spent most of his career in government, with a brief detour to Wall Street, where he worked as a managing director for Citigroup from July 2006 until joining the administration when Obama first took office.

That opens up the top White House adviser job, with the top candidates seeming to be deputy national security adviser Denis McDonough and former chief of staff to Vice President Joe Biden, Ron Klain. The process of Senate confirmation for Treasury will provide yet another opportunity for Republicans to grandstand on the debt ceiling, not because of Lew specifically. They would undoubtedly make threats over this confirmation if were anyone other than Paul Ryan getting the nod.