Senate Finance Committee approves Jack Lew as treasury secretary Former White House Chief of Staff Jacob Lew testifies during his Senate Finance Committee confirmation hearing to be the next Tresury Secretary on February 13, 2013 in Washington, D.C. UPI/Kevin Dietsch WASHINGTON, Feb. 26 (UPI) -- The Senate Finance Committee approved Jack Lew as the next U.S. treasury secretary. Senate leaders had yet to schedule a vote by the Senate as a whole, Politico reported Tuesday. The committee vote was 19-5 to approve Lew to replace outgoing Treasury Secretary Timothy Geithner. Sen. Orin Hatch of Utah, the top ranking Republican on the Finance Committee, voted in favor of the nomination despite reservations. Questions were raised during Lew's confirmation hearing concerning his work as an executive at Citigroup and an investment Lew made in an employee fund located overseas. Lew said he divested his interest in the fund in 2010 and paid all taxes on his accounts. He also said he did not know the location of the fund. Lew, 57, received a $685,000 payment when he left New York University in 2006 to become chief operating officer of two Citigroup units, NYU told The New York Times reported on its website Monday night. It was scrutinized by Senate Republicans as they consider Lew's nomination, the Times said. The Senate is expected to vote on Lew's nomination later this week, Majority Leader Harry Reid, D-Nev., said Monday. During Lew's confirmation hearing Feb. 13, GOP senators questioned his lucrative tenure at Citigroup. Lew was chief operating officer of two Citigroup investment units from 2006 to 2008 when the banking giant took a taxpayer-funded bailout to survive the financial crisis, but not directly involved in the corporation's investment or risk strategy.