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Obama treasury secretary pick sparks GOP criticism

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    Reaction to nomination of Jack Lew

  • Duration 2:43
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Now to another deeply divisive -- subject how to handle the US economy.

At a time when the fiscal differences with the country the president's pick to be the new Treasury Secretary is sparking harsh reaction from some on Capitol Hill.

Correspondent Shannon -- on the nomination of Jack -- I cannot think of a better person to continue Tim's work at treasury man Jack -- President Obama nominating a new man to head the Treasury Department but signaling plans to continue with the fiscal policies the administration relied on in its first term.

The White House says -- has a keen understanding of domestic and international issues that impact the US economy and point to his track -- -- -- under President Clinton he presided over three budget surpluses in zero.

So for all the talk out there about.

Deficit reduction.

Making sure books are balanced.

And -- the guy who did it.

Three times.

But Republican opponent senator Jeff Sessions chief among them say Jack -- is the wrong man for the job.

And that without then house speaker Newt Gingrich refusing to allow more government spending those budget achievements would never of happen.

Sessions without qualification accuses lieu of lying to congress when testifying about the president's fiscal policies and plans.

He has consistently and deliberately misrepresented.

The facts on the president's plan.

As the budget director how -- the president.

In his book the price of politics Bob Woodward asserts that Lou had a key role in putting together the sequester plant which -- temporarily delayed for a few weeks.

Will soon -- across the board domestic and defense cuts if congress doesn't agree to a plan to cut spending.

President Obama has denied that the sequester idea originated from him.

Pinning it on congress.

Here's how white house Press Secretary Jay Carney responded to suggestions that the idea came from the White House I don't know where -- -- The idea came out of Democrats quickly endorse the president pick today House Minority Leader Nancy Pelosi calling him a public servant of dignity and commitment to help spur economic growth.

Senate majority leader Harry Reid says -- is an outstanding choice and joined the president's call for a prompt confirmation.

-- will be -- -- -- -- things for the senate.

Should we confirmed someone to this very important office.

Who deliberately.

Misrepresented the facts are in the area of his expertise the budget.

When he testified before the senate.

For.

Applicants aren't the only ones opposed in the senate today independent senator Bernie Sanders says he will not vote for -- said he's very concerned that the president has so many key economic advisors with ties to Wall Street.

Senior says he'd rather see someone heading treasury who would quote stand up to corporate America Brett.

Generating a lot on the north lawn -- -- thank you.