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August 1, 2013

Raskin Would Be First Female Deputy at Treasury

President Obama nominated Sarah Bloom Raskin on Wednesday to be deputy Treasury secretary. If confirmed by the Senate, Ms. Raskin would be the highest-ranking woman to serve in that department.

Ms. Raskin is a Federal Reserve governor and a former state banking regulator. At the Treasury, Ms. Raskin would take the position held by Neal S. Wolin since the beginning of the administration.

In a statement about Ms. Raskin, Jacob J. Lew, the Treasury secretary, said, ‘Sarah has a deep understanding of banking and financial regulatory issues as well as a firm grasp of how to run large, complex organizations.’ He added, ‘Sarah has demonstrated a strong commitment to protecting consumers, and she shares my conviction to do everything possible to increase job creation, accelerate economic growth and strengthen the middle class.’

A person with knowledge of the process, but without permission to speak on the record about personnel policy, said Mr. Lew had put forward Ms. Raskin’s name for the job and was particularly interested in her administrative abilities. The deputy secretary takes a large role in running the sprawling department, with tasks as diverse as the minting of currency and the collecting of taxes.”

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Read full New York Times article here

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