×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Barack Obama | obama | treasury | nominee | weiss

Obama Treasury Choice Withdraws; Faced Democratic Opposition

Monday, 12 January 2015 05:56 PM

 Wall Street banker nominated by President Barack Obama to be the third-ranking official at the Treasury Department has pulled out of contention for the post in the face of Democratic opposition.

The White House says Antonio Weiss asked Obama not to resubmit his nomination to the Senate. Instead, Weiss will serve as a counselor to Treasury Secretary jack Lew, a post that does not require Senate confirmation.

Weiss is a Lazard investment banker. Obama nominated him to head the Treasury Department office that oversees domestic finance.

Weiss' leading critic in the Senate has been Democratic Sen. Elizabeth Warren of Massachusetts. Other Democrats in the Senate have also voiced their opposition.

The withdrawal was first reported by Politico.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Politics
Wall Street banker nominated by President Barack Obama to be the third-ranking official at the Treasury Department has pulled out of contention for the post in the face of Democratic opposition. The White House says Antonio Weiss asked Obama not to resubmit his nomination to...
obama, treasury, nominee, weiss
117
2015-56-12
Monday, 12 January 2015 05:56 PM
Newsmax Media, Inc.
More Articles
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved