Jack Lew Meets With Senate Republicans Ahead Of Confirmation Hearing

Obama Treasury Pick Courts Senate Republicans
|
Open Image Modal
President Barack Obama shakes hands with current White House Chief of Staff Jack Lew in the East Room of the White House in Washington, Thursday, Jan. 10, 2013, where he announced that he will nominate Lew as the next Treasury Secretary. (AP Photo/Carolyn Kaster)

By Rachelle Younglai and Anna Yukhananov

WASHINGTON, Jan 23 (Reuters) - Senate Republicans on Wednesday offered encouraging words about President Barack Obama's Treasury nominee, Jack Lew, but withheld support, saying the former White House budget director's qualifications and views must still be scrutinized.

Lew met with four Republicans on the Senate Finance Committee, which is in charge of vetting his nomination.

The lawmakers said they discussed the need to find common ground on government spending and revenues, and the imperative of reforming big government programs dear to Democrats: Social Security and Medicare.

Lew "acknowledged what I know, that Social Security is the 'easier' solution, ... but that health care is a huge problem and a huge challenge," Senator Johnny Isakson of Georgia told reporters after meeting with Lew.

As Obama's chief of staff, Lew has been deeply involved with the fiscal battles that have consumed Congress and the White House over the past two years.

If confirmed by the Senate, Lew will assume the role of Treasury secretary as another set of fiscal deadlines loom, including about $100 billion in spending cuts due to take effect in March.

But at least one major issue would likely be off his plate for a brief time: a potential debt default by the U.S. government. House of Representative Republicans passed a bill on Wednesday to extend the government's borrowing authority until mid-May.

Orrin Hatch, the top Republican on the Senate Finance Committee, and Ohio Senator Rob Portman separately said their conversations with Lew were constructive. Texas Senator John Cornyn said he appreciated Lew's willingness to listen to his concerns about the country's growing debt.

Senators did not address Lew's lack of experience in international economics and financial markets.

"The devil's in the details, and there's a lot more of Mr. Lew's record and qualifications that need to be fully examined," Hatch said in an emailed statement after his meeting.

Committee members are waiting for Lew's tax returns and other paperwork in order to start the full vetting process. No date has yet been set for a hearing on the nomination.

Treasury Secretary Timothy Geithner, who has served since the beginning of Obama's first term, leaves the administration on Friday. His deputy, Neal Wolin, will serve as acting secretary until the Senate approves a new economic chief.

In Lew, Obama picked a trusted confidante and a two-time White House budget director. But he also chose someone who contributed to the hostility between the White House and Republican lawmakers.

During a fight last year to raise the debt ceiling, Lew's unwavering negotiating position angered Republicans as well as some Democrats, who preferred dealing with Geithner.

Isakson dismissed those criticisms. Lew, he said, "was very approachable. I didn't get any sense of that at all in this meeting."

Lew could need as many as 60 votes to win confirmation in the Senate, where Democrats control the upper chamber 53-45.

Senate Finance Committee Chairman Max Baucus and Senate Majority Leader Harry Reid have already endorsed him. But a number of Republicans and Bernie Sanders, an independent who caucuses with the Democrats, have said they think Lew should not serve as Treasury secretary.

At the beginning of his meeting with Lew, Isakson asked him how his meetings in Congress were going.

"So far so good," Lew replied with a smile and slight shrug of his shoulders.

"But it's still early," Isakson said.

Our 2024 Coverage Needs You

As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.

Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.

to keep our news free for all.

Support HuffPost

Before You Go

Treasury Secretaries Through The Years
Timothy Geithner (01 of27)
Open Image Modal
Served from: Jan. 26, 2009 to present Served under: President Barack Obama (credit:(JEWEL SAMAD/AFP/Getty Images) )
Henry Paulson Jr. (02 of27)
Open Image Modal
Served from: July 10, 2006 - Jan. 20, 2009Served under: President George W. Bush (credit:(Photo by Alex Wong/Getty Images))
John Snow (03 of27)
Open Image Modal
Served from: Feb. 3, 2003 to June 29, 2006Served under: President George W. Bush (credit:(Photo by Chip Somodevilla/Getty Images) )
Paul O'Neill(04 of27)
Open Image Modal
Served from: Jan. 30, 2001 to Dec. 31, 2002Served under: President George W. Bush (credit:(MANDEL NGAN/AFP/Getty Images) )
Lawrence Summers (05 of27)
Open Image Modal
Served from: July 2, 1999 to Jan. 20, 2001Served under: President Bill Clinton (credit:(ROSLAN RAHMAN/AFP/Getty Images) )
Robert Rubin(06 of27)
Open Image Modal
Served from: Jan. 10, 1995 to July 2, 1999Served under: President Bill Clinton (credit:(JESSICA PERSSON/AFP/Getty Images) )
Lloyd Bentsen(07 of27)
Open Image Modal
Served from: Jan. 22, 1993 to Dec. 22, 1994Served under: President Bill Clinton (credit:(PAUL J. RICHARDS/AFP/Getty Images) )
Nicholas Brady(08 of27)
Open Image Modal
Served from: Sept. 16, 1988 to Jan. 17, 1993Served under: Presidents Ronald Reagan and George H.W. Bush (credit:(JENNIFER LAW/AFP/Getty Images) )
James Baker(09 of27)
Open Image Modal
Served from: Feb. 3, 1985 to Aug. 17, 1988Served under: President Ronald Reagan (credit:(Photo by Brendan Smialowski/Getty Images) )
Donald Regan (10 of27)
Open Image Modal
Served from: Jan. 22, 1981 to Feb. 2, 1985Served under: President Ronald Reagan (credit:(CHRIS WILKINS/AFP/Getty Images) )
G. William Miller(11 of27)
Open Image Modal
Served from: Aug. 6, 1979 to Jan. 20, 1981Served under: President Jimmy Carter (credit:(AP Photo/Barry Thumma) )
W. Michael Blumenthal (12 of27)
Open Image Modal
Served from: Jan. 23, 1977 to Aug. 4, 1979Served under: President Jimmy Carter (credit:(AP Photo/Daugherty) )
William Simon (left)(13 of27)
Open Image Modal
Served from: May 8, 1974 to Jan. 20, 1977Served under: Presidents Richard Nixon and Gerald Ford (credit:(AP Photo/Henry Burroughs) )
George P. Shultz(14 of27)
Open Image Modal
Served from: June 12, 1972 to May 8, 1974Served under: President Richard Nixon (credit:(Photo by Kevin Winter/Getty Images) )
John Connally (left)(15 of27)
Open Image Modal
Served from: Feb. 11, 1971 to June 12, 1972Served under: President Richard Nixon (credit:(AP Photo/Lou Krasky) )
David Kennedy (16 of27)
Open Image Modal
Served from: Jan. 22, 1969 to Feb. 11, 1971Served under: President Richard Nixon (credit:(AP Photo/File) )
Joseph Barr(17 of27)
Open Image Modal
Served from: Dec. 21, 1968 to Jan. 20, 1969Served under: President Lyndon B. Johnson (credit:AP)
Henry Fowler (18 of27)
Open Image Modal
Served from: April 1, 1965 to Dec. 20, 1968Served under: President Lyndon B. Johnson (credit:(AP Photo) )
C. Douglas Dillon(19 of27)
Open Image Modal
Served from: Jan. 21, 1961 to April 1, 1965Served under: Presidents John F. Kennedy and Lyndon B. Johnson (credit:(AP Photo/File) )
Robert Anderson (right) (20 of27)
Open Image Modal
Served from: July 29, 1957 to Jan. 20, 1961Served under: President Dwight D. Eisenhower (credit:(AP Photo) )
George Humphrey(21 of27)
Open Image Modal
Served from: Jan. 21, 1953 to July 29, 1957Served under: President Dwight D. Eisenhower (credit:AP)
John Snyder (right) (22 of27)
Open Image Modal
Served from: June 25, 1946 to Jan. 20, 1953Served under: President Harry S. Truman (credit:(AP Photo/ Byron Rollins) )
Fred Vinson (center) (23 of27)
Open Image Modal
Served from: July 23, 1945 to June 23, 1946Served under: President Harry S. Truman (credit:(AP Photo/Eugene Abbott) )
Henry Morgenthau Jr. (24 of27)
Open Image Modal
Served from: Jan. 1, 1934 to July 22, 1945Served under: Presidents Franklin D. Roosevelt and Harry S. Truman (credit:(Photo by Keystone/Getty Images) )
William Woodin (left)(25 of27)
Open Image Modal
Served from: March 4, 1933 to Dec. 31, 1933Served under: President Franklin D. Roosevelt (credit:(Photo by Keystone/Getty Images) )
Ogden Mills (right)(26 of27)
Open Image Modal
Served from: Feb. 13, 1932 to March 3, 1933Served under: President Herbert Hoover (credit:(AP Photo))
Andrew W. Mellon (left)(27 of27)
Open Image Modal
Served from: March 4, 1921 to Feb. 12, 1932Served under: Presidents Warren G. Harding, Calvin Coolidge and Herbert Hoover (credit:(AP Photo) )