<html> <head><style type ="text/css">body { font-family: "Bloomberg Prop Unicode I", Verdana, sans-serif; font-size:125%; letter-spacing: -0.3pt; color: #FF9F0F; background-color: #000000; text-align: left; } p {line-height: 1.25em; max-width:900px; width:expression(document.body.clientWidth > 900? "900px": "auto" );} h1, h2, h3 { text-align: left; font-weight: normal; color: #FFFFFF; } h1 { font-size: 130%; } h2 { font-size: 115%; } h3 { font-size: 100%; } #bb-style { font-size: 90%; max-width:900px; width:expression(document.body.clientWidth > 900? "900px": "auto" ); } b, strong { font-weight: bold; } i, em { color: #FEC54A; } pre { font-family: "Andale Mono", "Monaco", "Lucida Console"; letter-spacing: -0.3pt; line-height: 1.25em; } table { border: 0; font-size: 90%; width: 100%; margin-left: auto; margin-right: auto; } td, tr { text-align: left; } td.numeric { text-align: right; } a:link { color:#53B2F5; text-decoration: none; } a:visited {color:#53B2F5} a:active {color:#53B2F5} a:hover {color:#53B2F5} </style> </head> <body> <p>By Albert R. Hunt</p> <p>When White House Chief of Staff Jack Lew <a href="http://www.bloomberg.com/news/2013-01-09/obama-said-to-name-lew-tomorrow-as-choice-to-replace-geithner.html">is named</a> Treasury secretary tomorrow, high-powered financial types say the selection of his deputy secretary will be crucial.</p> <p>President Barack Obama has been advised that it's important to name someone with expertise in global financial markets, an area where Lew has limited experience. The most oft-mentioned possibility  is David Lipton, currently the first deputy managing director of the International Monetary Fund.</p> <p>Earlier in his career, Lipton worked at the White House and at Treasury and is knowledgeable about global economic issues.</p> <p>However, with Obama facing <a href="http://www.bloomberg.com/news/2013-01-08/obama-to-romney-send-me-your-binders-full-of-women.html">criticism</a> for a lack of high-level female appointments, there is pressure to promote Lael Brainard, the current undersecretary of Treasury for international affairs, to the no. 2 slot. Her prime expertise is trade.</p> <p>There is concern that the deteriorating European economic situation will mean that the Treasury will be dealing with global crises, along with domestic fiscal and debt issues.</p> <p>(Albert R. Hunt is a Bloomberg View columnist. Follow him on <a href="https://twitter.com/AlHuntDC">Twitter</a>.)</p> <p>Read more breaking commentary from Bloomberg View columnists and editors at the <a href="http://www.bloomberg.com/view/the-ticker/">Ticker</a>.</p> </body> </html>