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Tim Geithner, Meet Your Potential Replacement

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Lael Brainard

Treasury Secretary Timothy Geithner is expected to leave his post and now President Obama will have to pick his replacement. 

We've put together a rundown of some of the names being tossed around for the next Treasury Secretary. 

The next Treasury Secretary will be continuing our long slog to recovery after the financial crisis. And then there's China. And Europe...

Would you want that job?

Jack Lew

Current Job: Current White House Chief of Staff

Resume: Most of Lew's career has been spent as a public servant working in various positions from the State Department to the Clinton Administration. He also did a stint at Citi. Before becoming White House Chief of Staff, Lew was the director of the Office of Management and Budget.

Why He's Right For The Job: Noted economist Nouriel Roubini Tweeted that Lew is likely to be the next Treasury Secretary. As the director of the Office of Management and Budget, he's experienced with fiscal matters and he would be easy to confirm by the senate, CNBC's Steve Liesman reports.  However, he doesn't have the international experience or the banking experience even though he worked at Citi, according to Liesman's report.

Source: CNBC



Lael Brainard

Current Job: United States Under Secretary of the Treasury for International Affairs

Resume: Brainard is a Harvard grad who grew up as an American expat in Communist Poland. Before becoming one of the country's top financial diplomats, Brainard was an associate professor of Applied Economics at MIT. She also served as Deputy National Economic Adviser and Chair of the Deputy Secretaries Committee on International Economics during the Clinton Administration and spent time at McKinsey.

Why She's Right For The Job: She already works at the Treasury Department.  She also has the international experience such as the Basel bank regulations and the G-20. However, Nouriel Roubini Tweeted that he sees her likely becoming the Deputy Treasury Secretary.



Neal Wolin

Current Job:United States Deputy Secretary of the Treasury

Resume: Wolin graduated from Yale law school and has a masters in Development Economics from Oxford. Much of his career has been spent in public service from serving as General Counsel of the U.S. Department of the Treasury under Secretary Larry Summers to serving as Deputy Legal Advisor to the National Security Council during the Clinton Administration.  He was the president and COO of insurance giant The Hartford Financial Services Group. 

Why He's Right For The Job: CNBC's Steve Liesman reports that Geithner supports Wolin.  Liesman points out that he has the financial experience from The Hartford Financial Services Group and experience within the Obama administration.  

Source: Treasury.gov



See the rest of the story at Business Insider

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