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Obama moves to fill 3 top Treasury posts

Reuters / March 24, 2009
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WASHINGTON - President Obama moved to fill three of the four most senior Treasury Department positions yesterday, including disclosing his intent to nominate former department counsel Neal Wolin as deputy Treasury secretary.

Obama also named Lael Brainard, a Brookings economist, as undersecretary of the Treasury for international affairs and said he had decided to keep Stuart Levey as undersecretary of the Treasury for terrorism and financial intelligence.

Wolin and Brainard must be confirmed by the Senate. Levey was confirmed in his post in 2004 and being asked to remain does not require reconfirmation.

Wolin served as general counsel at the Treasury from 1999 to 2001 and as deputy general counsel from 1995 to 1999. He 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 is vice president and founding director of the Global Economy and Development Program at the Brookings Institution think tank in Washington.

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