Obama Settles on 3 More Senior Officials for Treasury
By Philip Rucker
President Obama today announced his intent to nominate three senior officials to the Treasury Department, filling in more of the top ranks under Secretary Timothy F. Geithner.
Helen E. Garrett, an economist and lawyer who serves as vice president for academic planning and budget at the University of Southern California, will become assistant secretary for tax policy, the White House announced. Garrett, who was a member of President George W. Bush's 2005 bipartisan tax reform advisory panel, is a former professor at the University of Chicago Law School and clerked for the late Supreme Court Justice Thurgood Marshall.
Obama has tapped Michael S. Barr, an adviser to former Treasury secretary Robert E. Rubin during the Clinton administration, as assistant secretary for financial institutions. A senior fellow at the Center for American Progress and the Brookings Institution, Barr has researched and written about a range of financial regulation issues.
George W. Madison is Obama's pick for general counsel at Treasury. Madison is a former executive vice president and general counsel at TIAA-CREF who previously held senior executive positions at Comerica Inc. A lawyer, Madison was a partner at Mayer, Brown and Platt in New York, where he practiced banking and finance law on behalf of foreign and domestic money center banks.
"The Treasury Department will be well-served by the expertise and commitment of these fine individuals," Obama said in a statement. "Under the leadership of Secretary Geithner, I have great confidence that they will be valuable and effective additions to our team as we tackle our nation's economic challenges."
Posted at 4:51 PM ET on Mar 28, 2009
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