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Timothy Geithner presided over Treasury at a particularly tumultuous time. The banking system was still in a crisis, and people were soon calling for his head. Naming his replacement four years later, President Obama said Geithner will be remembered "as one of our finest secretaries of the Treasury."
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The president has nominated his chief of staff. Jack Lew is also a former budget director in both the Clinton and Obama administrations. He would replace Timothy Geithner, who plans to step down soon.