The Senate Finance Committee on Tuesday voted 19 to 5 to recommend that the full Senate confirm Jacob Lew as the next Treasury Secretary.

The vote paves the way for Lew, the current White House chief of staff, to possibly be confirmed by the Senate by the end of this week. Lew would succeed Timothy Geithner, who stepped down from the post in January after having served through President Obama’s first term.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.