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Likely Treasury chief Lew faces early budget tests
Feb 12th 2013, 11:34

WASHINGTON (AP) -- The to-do list that awaits Jacob Lew, President Barack Obama's choice to be Treasury secretary, is daunting. Bridge disputes in Congress on taxes and spending. Shrink budget deficits. Manage tense economic ties with China. Press Europe to reduce debts while fighting a recession. Defend the U.S. financial overhaul law. Prevent a global currency war. And those are just the obvious challenges. Lew's job isn't quite as perilous as the one that greeted the now-departed Timothy Geithner four years ago. As Treasury secretary, Geithner had to help stabilize a teetering U.S. banking system after the worst financial crisis since the 1930s and help lift the economy out of a deep...

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