Sen. Tim Johnson (D-SD), chairman of the Senate Banking Committee, released a statement Thursday in which he endorsed the nomination of Jack Lew to serve as the next secretary of the treasury while also offering kind parting words to outgoing Treasury Secretary Timothy Geithner.
“Secretary Geithner is an exceptional public servant, and I wish him all the best in his future endeavors. As Treasury Secretary he helped our nation recover from the worst financial crisis since the Great Depression. He played an integral role in shaping the Wall Street Reform Act to help prevent future crises, and I have no doubt his contributions helped strengthen and stabilize the American economy.
“Jack Lew is a great choice for Treasury Secretary, and he is unquestionably qualified for the job. He is a well-respected, long-time public servant with impressive expertise on budgetary and fiscal issues. It is crucial that we have a confirmed Treasury Secretary in place as we work toward a balanced agreement on the federal budget, and I hope he will be confirmed without delay.”