Doc91678
Rookie
- Banned
- #1
By KELSEY SNELL
02/10/2013
An investment Jack Lew made in the Cayman Islands has been flagged as an issue in the Treasury secretary nominees vetting by the Senate Finance Committee, according to multiple sources close to the confirmation process.
The White House says the investment was previously disclosed and is already a public matter.
Republican staff have told us that there are concerns, said Sean Neary, a spokesman for Finance Committee Democrats. This came out through the vetting process in prior confirmations. Once it was looked into deeper, it was determined that it was not an issue. Lew has been completely transparent and forthcoming through any and all questions that have been posed.
Lew is scheduled to appear at a confirmation hearing before the committee on Feb. 13.
That Mr. Lew had an investment in the Caymans from 2007 through 2010 will likely draw questions during his nomination hearing, said Antonia Ferrier, a spokeswoman for Finance Committee Republicans.
Lew has been confirmed by the Senate three times in the past twice by unanimous consent. He was confirmed as director of the Office of Management and Budget under both Bill Clinton and Barack Obama and as deputy secretary of State under Obama.
Republicans have been critical of Lew since his nomination was announced last month. Sens. Jeff Sessions and Orrin Hatch have questioned his role in Medicare policy decisions and his role at Citigroup.
Hmm....
**snip**
Continue reading: -->
Cayman Islands investment snags Jack Lew nomination - Kelsey Snell - POLITICO.com
02/10/2013
An investment Jack Lew made in the Cayman Islands has been flagged as an issue in the Treasury secretary nominees vetting by the Senate Finance Committee, according to multiple sources close to the confirmation process.
The White House says the investment was previously disclosed and is already a public matter.
Republican staff have told us that there are concerns, said Sean Neary, a spokesman for Finance Committee Democrats. This came out through the vetting process in prior confirmations. Once it was looked into deeper, it was determined that it was not an issue. Lew has been completely transparent and forthcoming through any and all questions that have been posed.
Lew is scheduled to appear at a confirmation hearing before the committee on Feb. 13.
That Mr. Lew had an investment in the Caymans from 2007 through 2010 will likely draw questions during his nomination hearing, said Antonia Ferrier, a spokeswoman for Finance Committee Republicans.
Lew has been confirmed by the Senate three times in the past twice by unanimous consent. He was confirmed as director of the Office of Management and Budget under both Bill Clinton and Barack Obama and as deputy secretary of State under Obama.
Republicans have been critical of Lew since his nomination was announced last month. Sens. Jeff Sessions and Orrin Hatch have questioned his role in Medicare policy decisions and his role at Citigroup.
Hmm....
**snip**
Continue reading: -->
Cayman Islands investment snags Jack Lew nomination - Kelsey Snell - POLITICO.com
