CNBC's Steve Liesman takes a look at what incoming Treasury Secretary Jack Lew will be left with once Timothy Geithner leaves. Also, Roger Altman, Evercore Partners chairman & founder, weighs in on the financial skills Lew brings to the cabinet position.
CNBC's John Harwood reports the President will announce cabinet changes today, which include the nomination of Jack Lew as Treasury Secretary, and the departure of Labor Secretary Hilda Solis.
President Obama is expected to nominate White House Chief of Staff Jack Lew to be the next Treasury Secretary after Timothy Geithner leaves. CNBC Contributor Howard Dean and Steve Forbes, author of "Freedom Manifesto," discuss. Karen Finney, The Hill columnist; Guy Benson, Townhall.com; and Mark Simone, WOR Radio Talk Show host, weigh in.
Jack Lew is a close advisor to the President but does he have the financial experience for the job or his selection more about his ability to navigate the politics? CNBC's Rick Santelli & Steve Liesman debate.
CNBC's John Harwood & Steve Liesman profile Jack Lew, the next Treasury Secretary.
CNBC's John Harwood reports according to a source, President Obama will name Jack Lew as the new Treasury Secretary, replacing Tim Geithner as early as tomorrow. Also, reaction to the new appointment from Sheila Bair, former FDIC chair.
Steve Goldman, Managing Director, Kapstream Capital says that volatility will rule the roost in 2013 for bond markets, with no dramatic move expected in U.S. Treasurys.
CNBC's Rick Santelli explains why he got upset when the government became involved in the nation's housing problem
"It will leave a shortfall for Treasury," said Harry Wilson, MAEVA Group chairman & CEO, weighing in on the outcome of the government's bailout of General Motors.
Timothy Massad, U.S. Treasury Department, explains the benefits of the government's bailout of General Motors.
The government's sale of its AIG stake was one of CEO Benmosche's goals when he took lead in August of 2009, and Treasury has sold its stake at a $22.7 billion profit. With CNBC's Mary Thompson.
The Treasury announced it is selling its stake in AIG, which total approximately $7.6 billion. The "Squawk on the Street" team discusses.
"There's no prospect to an agreement that doesn't involve those rates going up on the top two percent of the wealthiest Americans," Treasury Secretary Tim Geither said to CNBC's Steve Liesman.
Ben White, Politico, says some are suggesting that Mitt Romney be the new Treasury secretary.
CNBC's Steve Liesman has the details on who is likely to replace the head of the Treasury, if Geithner decides to leave.
"I think my partner, Roger Altman is a superb candidate," said Ralph Schlosstein, Evercore Partners CEO, discussing likely replacements for Timothy Geithner at the Treasury Department, adding, "at this point it's all speculation."