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 SessionsTrump attends football game with Jeff Sessions' Alabama Senate race opponent Bradley Byrne Impeachment tests Barr-Trump relationship Tide, Tigers and Trump: President hopes for home-field advantage in Alabama MORE (Ala.), and a member of the Democratic Caucus, Sen. Bernie SandersBernie SandersJuan Williams: Honesty, homophobia and Mayor Pete Democrats on edge as Iowa points to chaotic race Democrats debate how to defeat Trump: fight or heal MORE (I-Vt.), have announced they will oppose the nomination. Top Democrats like Sens. Chuck SchumerCharles (Chuck) Ellis SchumerTop Senate Dem: Officials timed immigration policy around 2020 election Senate fight derails bipartisan drug pricing bills Trump has officially appointed one in four circuit court judges MORE (N.Y.) and Max BaucusMax Sieben BaucusBottom line Overnight Defense: McCain honored in Capitol ceremony | Mattis extends border deployment | Trump to embark on four-country trip after midterms Congress gives McCain the highest honor MORE (Mont.), the Finance Committee chairman, have already announced their support for Lew. 

ADVERTISEMENT

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.