Senate confirms Treasury secretary

In National News, News

The U.S. Senate affirmed Jack Lew as the new Treasury secretary Wednesday in a 71-26 vote that will give him the power to oversee the nation’s toughest fiscal problems in the next few months.

Lew succeeded Timothy Geithner, who presided over the budget policies that plagued the last days of 2012 over the financial crisis that have long-since passed over.

“At this critical time for our economy and our country, there is no one more qualified for this position than Jack,” President Barack Obama said in a statement following Lew’s confirmation.

The most pressing topic, the sequester, will automatically slash funding in the mid-billions of dollars for many programs nationwide Friday if Congress and the White House cannot come to a resolution.

The automatic spending cuts triggered by inaction will affect every state differently, including almost $88 million in education funding in California ,according to a state projection released by the White House earlier this week.

You may also read!

Cal State Fullerton Men’s Basketball optimistic entering Big West Conference play

Following a 99-56 blowout win over Bethesda, Cal State Fullerton men’s basketball enters conference play looking primed for success.

Read More...

New dean of library appointed

Cal State Fullerton has appointed Clement Guthro to fill the new position of dean of the library for the

Read More...

Concert Review: “Deck The Hall”

The annual ‘Deck the Hall’ event at Cal State Fullerton was the true definition of holiday spirit. As seats

Read More...

Mobile Sliding Menu