NACBA
01-12-2015, 07:09 PM
Antonio Weiss has asked the Obama administration to drop his nomination as assistant secretary of treasury for domestic finance, according to Ben White at Politico.
This is a significant victory for Elizabeth Warren, who opposed his confirmation and raised a stink about it.
Weiss will serve in the Treasury Department as a "counselor," a position for which he does not need Senate confirmation.
The idea that the Obama administration would pick a finance veteran for a position that, among other things, regulates the financial industry infuriated Warren. She's been joined by other Senate Democrats, including Dick Durbin and New Hampshire Senate Jeanne Shaheen. Joe Manchin, who normally breaks with Obama from the right rather than the left, is also now on the bandwagon.
http://www.vox.com/2014/12/11/7376421/antonio-weiss
This is a significant victory for Elizabeth Warren, who opposed his confirmation and raised a stink about it.
Weiss will serve in the Treasury Department as a "counselor," a position for which he does not need Senate confirmation.
The idea that the Obama administration would pick a finance veteran for a position that, among other things, regulates the financial industry infuriated Warren. She's been joined by other Senate Democrats, including Dick Durbin and New Hampshire Senate Jeanne Shaheen. Joe Manchin, who normally breaks with Obama from the right rather than the left, is also now on the bandwagon.
http://www.vox.com/2014/12/11/7376421/antonio-weiss