US Senate confirms Jack Lew as new US Treasury Secretary

Hello, world: Jack Lew, pictured, was appointed new US treasury secretary by lawmakers on Wednesday. Here, Lew at White House press briefing in Washington, DC, on Sept. 19, 2011.

Jack Lew, President Barack Obama's ex-chief of staff, has been confirmed as the new US treasury secretary by the Senate, according to Agence-France Press.

Lew will take on the post in the run-up to key budget negotiations in Washington, with the Obama administration and US lawmakers divided over the best way to address a ballooning national deficit, among other pressing fiscal matters.

The Senate voted 71-26 in support of Lew, said the Associated Press. The 57-year-old will replace Timothy Geithner after four years in office.

Lew previously served under Clinton as the White House budget director, according to ABC News