24/7 Newsfeed

Put Reason 24/7 on Your Site


Follow Reason 24/7 on Twitter and via RSS

Jack Lew Asked About Million Dollar Bonus From Citigroup During Bailout Period

Treasury secretary nominee Jack Lew was challenged Wednesday over a nearly $1 million bonus he accepted from Citigroup just as the company was getting bailed out by the government, at an at-times tense confirmation hearing on the Hill. 

Lew, who previously served as White House chief of staff and budget director, faced questions on the Senate Finance Committee a day after another President Obama nominee -- Pentagon pick Chuck Hagel -- narrowly advanced out of committee on a strict party-line vote. While not facing quite the level of scrutiny as Hagel, Lew was pressed on everything from his investments to his budget approach to his time at Citigroup. 

Source: Fox News. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.