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United States Hispanic Chamber of Commerce Applauds Jack Lew On His New Appointment as Secretary of the United States Treasury

WASHINGTON, Feb. 28, 2013 (GLOBE NEWSWIRE) -- The United States Hispanic Chamber of Commerce (USHCC) applauds Jack Lew on becoming the new Secretary of the United States Treasury. The U.S. Senate approved Lew with a bi-partisan majority vote of 71-26.

Jack Lew served as President Obama's Chief of Staff from 2012-2013. Lew has extensive budget management experience, serving as Director of the Office of Management and Budget (OMB) under President Bill Clinton from 1998-2001, where, under his direction, the U.S. budget operated at a surplus for three consecutive years. Lew returned to OMB under President Obama's administration in 2010. At the State Department, Lew became the first Deputy Secretary of State for Management and Resources. He also has private sector experience, serving as Managing Director and Chief Operating Officer of Citi Global Wealth Management and later Citi Alternative Investments.

"Jack Lew has an impressive record of over 30-years of budget management experience in the public and private sector that make him well-suited to managing the Treasury Department," said USHCC President and CEO Javier Palomarez. "We look forward to working with the Secretary to increase small business lending, mitigate the challenges of an ongoing housing crisis, and improve the effectiveness of the Treasury's diversity, procurement processes and practices."

Lew began his career in Washington in 1973 as a legislative aide. From 1979 to 1987, he was the principal domestic policy advisor to House Speaker Thomas P. O'Neill, Jr, where he served at the House Democratic Steering and Policy Committee as Assistant Director and then Executive Director.

He is a member of the Council on Foreign Relations, the National Academy of Social Insurance, and is registered to practice law in Massachusetts and the District of Columbia.

About the USHCC

Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of over 3 million Hispanic-owned businesses across the United States that contribute in excess of $465 billion to the American economy each year. It also serves as the umbrella organization for more than 200 local Hispanic chambers and business associations in the United States and Puerto Rico. For more information, visit www.ushcc.com.

CONTACT:Valentina Pereda, USHCC Communications Manager 202-735-7729 vpereda@ushcc.comSource:United States Hispanic Chamber of Commerce