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Treasury Secretary Jack Lew is scheduled to have outpatient surgery in New York on Tuesday to treat a benign enlarged prostate, the Treasury Department said on Sunday.

Lew expects to stay at home in New York for the rest of the week, and "his physician expects that he will be able to return to his full schedule next week," Treasury spokeswoman Natalie Wyeth Earnest said in a statement.

The 58-year-old Lew became Treasury secretary in February 2013 after serving as President Barack Obama's chief of staff.

—CNBC and Reuters

U.S. Treasury Secretary Jack Lew smiles during a news conference with Mexico's Finance Minister Luis Videgaray (not pictured) in Mexico City on March 18, 2014.EDGARD GARRIDO / Reuters