Treasury

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

Obama spent years demonizing bankers for just such things

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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. 

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