White House names Treasury nominees, needs more
Sun Mar 8, 2009 6:05am EDT
1 of 1Full SizeWASHINGTON (Reuters) - The White House announced on Sunday three nominees for senior jobs at the Treasury Department but continues to struggle to fill top ranks while it is trying to deal with a financial crisis.
The three nominees were announced just days after two contenders for more senior posts withdrew their names, fanning concern that Treasury's failure to quickly assemble a team potentially hinders its effectiveness at a critical time.
The nominees are:
--Lawyer David S. Cohen, for the position of assistant Treasury secretary, terrorist financing. Cohen, who worked at Treasury previously, was until recently a partner in the law firm WilmerHale;
--Economist Alan Krueger for the job of assistant secretary, economic policy. Krueger taught at Princeton University and is widely published on a variety of economic issues;
--Financial specialist Kim Wallace, nominated for assistant secretary, legislative affairs. Wallace previously was a managing director for the Washington research group at Barclays Capital and before that spent 14 years at now-defunct Lehman Brothers Group.
The positions require U.S. Senate confirmation.
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http://www.reuters.com/article/politicsNews/idUSTRE5270MF20090308