Lael Brainard confirmed at Treasury after several months' delay
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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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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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