President Barack Obama Monday announced his picks for three of the four most senior jobs at the Treasury Department, tapping former Treasury official Neal Wolin as Treasury Secretary Timothy Geithner's number two, and former White House aide Lael Brainard as undersecretary for international affairs, and Stuart Levey, the current Under Secretary for Terrorism and Financial Intelligence, to stay in the position he has held since 2004.
In a statement, Obama said he was grateful for the service of these dedicated and talented individuals and have the highest confidence that, under the leadership of Secretary Geithner, they will serve the American people well as tackle the challenges ahead of us.
The Senate must confirm Wolin and Brainard while Levey does not require reconfirmation to stay. If the Senate approves of Wolin and Brainard, the only remaining vacant Under Secretary position would be for Domestic Finance, the administration's ambassador to Wall Street.
Wolin, who served as general counsel at the Treasury from 1999 to 2001 and as deputy general counsel from 1995 to 1999, briefly served in the Obama White House as deputy counsel to the president for economic policy and deputy assistant to the president before being asked to rejoin Treasury.
Brainard, vice president and founding director of the Global Economy and Development Program at the Brookings Institution, a Washington think tank, served as deputy national economic adviser and deputy assistant to the president for international economics during the Clinton administration, dealing with such issues as the Asian financial crisis and China's role in the global economy.
Levey, as undersecretary of the Treasury for terrorism and financial intelligence, will head an office that is tasked with disrupting financial networks that fund international terrorists, proliferators of weapons of mass destruction and drug traffickers.
For comments and feedback: contact firstname.lastname@example.org