That means he'll probably be gone by the end of January. And it means we won't have a battle hardened Treasury Secretary in office for what is sure to be Washington's next knock-down, drag-out fight.

 

Nichols also writes that the hunt for the next Treasury Secretary is still on. White House Chief of Staff Jack Lew may still be the frontrunner, but his lack of experience in the financial sector (he only spent two years as a Managing Director at Citigroup) doesn't make him ideal.

From Bloomberg: