The Senate yesterday confirmed Jacob Lew as Treasury Secretary with a vote of 71-26. Lew faces a...

|By:, SA News Editor

The Senate yesterday confirmed Jacob Lew as Treasury Secretary with a vote of 71-26. Lew faces a tough first few months: $85B of automatic spending cuts are due to take effect tomorrow, and then on March 27, a funding measure for U.S. agencies expires. Less than two months after that, the temporary suspension of the government's borrowing limit will end.