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Lael Brainard confirmed at Treasury after several months' delay

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The Senate approved Lael Brainard today as undersecretary for international affairs following several months' delay.

Brainard's nomination was held up by Republican concerns over allegations that she failed to pay property taxes on time. (What is it with Treasury and tax problems?)

With Brainard's appointment, all major Treasury jobs are filled. Brainard was confirmed by a 78-19 vote, with 19 Republicans voting yes.

Treasury describes Brainard's job as: "Brainard will advance the Administration's agenda of strengthening U.S. leadership in the global economy to foster growth, create economic opportunities for Americans and address transnational economic challenges, including development, climate change, food security and financial inclusion."

"Lael Brainard brings with her broad and deep experience on the most important international economic challenges facing us and the world today," Treasury Secretary Tim Geithner said in a statement. "Treasury has benefitted enormously from Lael's guidance as a counselor to International Affairs, and we are now pleased to welcome her as Under Secretary. At this critical time for our global economic agenda, Lael's leadership will help bolster our partnerships abroad and increase economic opportunity for Americans here at home."

Brainard worked in the Clinton White House and at Brookings, has been an economics professor at MIT and worked in the private sector at McKinsey & Co. management consultants.

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By Frank Ahrens  |  April 20, 2010; 4:28 PM ET
Categories:  Congress , The Ticker , Treasury  | Tags: Climate change, Economic, Lael Brainard, Senate, Under Secretary of the Treasury for International Affairs, United States, United States Secretary of the Treasury, White House  
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Th boots on the ground "economic opportunity for Americans here at home" situation here is that we built new roads, ran utilities and got millions in the ground. The value of the lots went way up and we now have lots of empty lots with nothing to build on them. The new stuff isn't forthcoming and the old stuff is in foreclosure. At least we have plenty of lots for cemetery plots because building is dead. It could be worse, we could have lots of Chinese Dry Wall Street houses that need cleared away. We do have a dry wall plant, just not enough demand for dry wall. Looks like things could be delayed here for years or decades while the experts figure it out. Until then we have millions in utilities rotting in the ground and can't collect tap in fees. We'll be digging lots of little holes and fewer foundations all while getting bled dry by China. If you need an empty lot with a water line and cable TV we can deliver. Odds are you don't.

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