WASHINGTON (Reuters) - President Barack Obama will nominate White House Chief of Staff Jack Lew to be his next Treasury secretary, choosing a budget expert and close confidant to spearhead tough fiscal fights with Congress over the U.S. deficit.

Source: Obama to nominate Lew as Treasury chief on Thursday

This is good step by the Obama administration.The revenue should be raised to meet the expenditures.The local as well as immigrants should also be included in tax collection.