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Lew Must 'Never' Be Treasury Secretary: Sen. Sessions

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Published: Thursday, 10 Jan 2013 | 2:39 PM ET
Sessions: Lew Must 'Never' Be Treasury Secretary
CNBC's Steve Liesman reports the Fed will send the Treasury a record $88.5 billion. And, it's official! President Obama will nominate Jack Lew to succeed Tim Geithner as Treasury Secretary, but Sen. Jeff Sessions (R-AL), explains why he is opposing Lew's nomination.

Sen. Jeff Sessions, the top Republican on the budget committee, told CNBC on Thursday that he plans to oppose Jack Lew's nomination for Treasury secretary.

"What he knows about the budget is how to manipulate it, how to manipulate the numbers and that's not what we need in a secretary of the Treasury today," the Alabama Senator said. "I just strongly believe we need a man of integrity, or a woman of competence who can have bipartisan support."

Sessions is particularly concerned about comments Lew made about President Obama's budget two years ago, calling them "a sustained partisan effort to misrepresent the financial condition of our country and how the president's budget would impact it."

"He came before the American people, announced the budget that he had crafted and said, quote, our budget will get us over the several years to the point where we can look the American people in the eye and say we're not adding to the debt anymore, we're spending money that we have each year, then we can work to bring down our national debt," Sessions said. "That was utterly and totally false."

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Sen. Jeff Sessions, the top Republican on the budget committee, told CNBC on Thursday that he plans to oppose the Jack Lew's nomination for Treasury secretary.

   
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