Wolin to temporarily take top slot at Treasury

Democrats expect Lew to win confirmation, though at least one prominent Republican, Sen. Jeff SessionsJeff SessionsSessions: 'I can be supportive' of Trump's immigration plans Hard-liners shrug off Trump’s softer tone on immigration Trump vows to protect jobs, wages for Hispanic voters MORE (Ala.), and a member of the Democratic Caucus, Sen. Bernie SandersBernie SandersClinton staffers using 'Snowden-approved' app to hide Trump-related convos Wasserman Schultz goes down to wire against primary challenger Wasserman Schultz dodges question about DNC emails MORE (I-Vt.), have announced they will oppose the nomination. Top Democrats like Sens. Chuck SchumerCharles SchumerDems' Florida Senate primary nears its bitter end Trump was wrong: Kaine is a liberal in a moderate's clothing Trump poised to betray primary supporters on immigration MORE (N.Y.) and Max BaucusMax BaucusGlover Park Group now lobbying for Lyft Wyden unveils business tax proposal College endowments under scrutiny 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.