FEATURED:

Wolin to temporarily take top slot at Treasury

Democrats expect Lew to win confirmation, though at least one prominent Republican, Sen. Jeff SessionsJefferson (Jeff) Beauregard SessionsDems pick up deep-red legislative seat in Missouri Grassley to Sessions: Policy for employees does not comply with the law New immigration policy leaves asylum seekers in the lurch MORE (Ala.), and a member of the Democratic Caucus, Sen. Bernie SandersBernard (Bernie) SandersTrump has declared war on our climate — we won’t let him win Stock slide bites boastful Trump, but rising wages great for GOP Millions should march on DC to defeat Trump Republicans MORE (I-Vt.), have announced they will oppose the nomination. Top Democrats like Sens. Chuck SchumerCharles (Chuck) Ellis SchumerGOP lawmaker: Dems not standing for Trump is 'un-American' Trump called for unity — he didn’t even last a week Overnight Defense: GOP plays hardball by attaching defense funding to CR | US reportedly drawing down in Iraq | Russia, US meet arms treaty deadline | Why the military wants 6B from Congress MORE (N.Y.) and Max BaucusMax Sieben Baucus2020 Dems pose a big dilemma for Schumer Steady American leadership is key to success with China and Korea Orrin Hatch, ‘a tough old bird,’ got a lot done in the Senate MORE (Mont.), the Finance Committee chairman, have already announced their support for Lew. 

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Geithner is exiting as Congress is dealing with the debt ceiling, though the Senate appears likely to take up a House GOP measure to take the debt limit off the table until at least May. 

Wolin, in addition to his four years as deputy Treasury secretary under Obama, also served under Robert Rubin and Larry Summers at Treasury during the Clinton administration.

He has been Treasury's lead defender of both the Dodd-Frank overhaul of financial regulations and its implementation. 

"There will, of course, continue to be disagreements and opposition as we move forward. There will be critics and naysayers. But those who are charged with implementing reform have not forgotten why we needed reform," Wolin said in a 2011 speech. "We needed reform because we can’t afford another crisis."

This post was updated at 2:20 p.m.