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Carney Grilled About Jack Lew's Time At Taxpayer Bailed Out Citigroup

REPORTER: Thanks, Jay. The New York Times raises the point that not much is known about Jack Lew's time at Citigroup, and raises the point that some members of Congress have concerns. Senator Grassley said he intends to ask Lew about a reported bonus that he got from Citigroup before the bank got government assistance. What can you tell us about that? And what do you say to those who have concerns that Lew may have been too cozy with Wall Street?

JAY CARNEY: Well, I mean, first of all, Jack Lew's extensive record of service is well known. He has spent most of his career serving the American people in Congress, as Budget Director twice -- once for President Clinton, once for President Obama -- as Deputy Secretary of State in this administration, and, of course, as White House Chief of Staff.

He also does have experience on Wall Street, and I would simply point you to that article, because I think it does demonstrate that the breadth of Jack's record is in Washington, but he also has an understanding of Wall Street in part earned during his time there. And that’s appropriate for a Treasury Secretary.

Look, we are very confident and the President is very confident that Jack Lew will be an exceptional Secretary of the Treasury; that he brings unparalleled qualifications to the job, and especially for the time that he will take it if confirmed by the Senate. And we are confident that he will be confirmed by the Senate.

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