Obama to tap Lew as treasury chief


President Obama is set to nominate Jack Lew, his chief of staff, to be secretary of the treasury.

Lew will be tapped to succeed Timothy Geithner on Thursday, multiple media reports said.

Lew, a chief of the Office of Management and Budget under both Obama and President Bill Clinton, is an Orthodox Jew and has spoken often about balancing observance with the demands of the highest precincts of government.