Wolin to temporarily take top slot at Treasury

Democrats expect Lew to win confirmation, though at least one prominent Republican, Sen. Jeff SessionsJeff SessionsGOP lawmaker suggests Sessions should recuse himself from any Russia probes Pelosi calls for DOJ probe of Priebus on FBI, Russia Roger Stone: Marijuana crackdown would be 'huge mistake' MORE (Ala.), and a member of the Democratic Caucus, Sen. Bernie SandersBernie SandersSanders on Trump's media attacks: He doesn't understand democracy Drug importation won't save dollars or lives Dems fear divisions will persist after DNC chair election MORE (I-Vt.), have announced they will oppose the nomination. Top Democrats like Sens. Chuck SchumerCharles SchumerDean: Schumer's endorsement 'kiss of death' for Ellison How the candidates for DNC chair stack up ahead of Saturday's vote DNC candidate Harrison drops out, backs Perez for chairman MORE (N.Y.) and Max BaucusMax BaucusFive reasons why Tillerson is likely to get through Business groups express support for Branstad nomination The mysterious sealed opioid report fuels speculation 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.