You can now read 10 articles each month for free on BostonGlobe.com.

The Boston Globe

Business

Treasury nominee echoes Obama on taxes, budget

WASHINGTON — Jacob Lew, President Obama’s nominee for Treasury secretary, pledged to work with Congress on a comprehensive overhaul of the tax code while urging lawmakers to avoid automatic spending cuts that could slow the economy’s progress.

During a three-hour confirmation hearing Wednesday, Lew fielded a broad range of questions about how he would handle a number of challenging issues, including Europe’s debt crisis, US-China relations, and the implementation of the 2010 financial regulatory overhaul.

Loading comments...

You have reached the limit of 10 free articles a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than $1 a week