Wolin to temporarily take top slot at Treasury

Democrats expect Lew to win confirmation, though at least one prominent Republican, Sen. Jeff SessionsJeff SessionsTrump leakers could prove elusive targets Senators locked in turf battle over Russia probes Trump and Russia: A timeline on communications MORE (Ala.), and a member of the Democratic Caucus, Sen. Bernie SandersBernie SandersFunding confusion complicates Meals on Wheels budget fight The Hill's 12:30 Report Five takeaways from the Montana special election MORE (I-Vt.), have announced they will oppose the nomination. Top Democrats like Sens. Chuck SchumerCharles SchumerHow Trump can score a big league bipartisan win on infrastructure Overnight Finance: Dems introduce minimum wage bill | Sanders clashes with Trump budget chief | Border tax proposal at death's door GOP senators distance themselves from House ObamaCare repeal bill MORE (N.Y.) and Max BaucusMax BaucusLawmakers: Leave advertising tax break alone GOP: FBI firing won't slow agenda White House tax-reform push is ‘game changer,’ says ex-chairman 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.