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Lew: 'I always reported all income, I always paid all taxes'

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Jack Lew, who served as Obama's chief of staff until earlier this year, said he sold the fund for a loss when Obama tapped him in 2010 to lead the Office of Management and Budget.

"I always reported all income, I always paid all taxes," he said. "I was aware that it was an international fund investing in emerging markets…I actually didn't know [its location] at the time."

By the end of the nearly three-and-a-half-hour hearing, Lew emerged looking like he will sail to confirmation in the full Senate.

Read more on The Hill's On The Money blog.