President Barack Obama has announced the nomination of three senior advisers for key positions within the ""U.S. Treasury Department"":http://www.treasury.gov. Hand-picked for assistant secretary positions are David Cohen, to lead the administration's fight against terrorist financing; Alan Krueger, to steer economic policy; and Kim Wallace, to oversee legislative affairs. Each of the nominees is currently serving as a counselor to the Treasury secretary.
In making the announcement, President Obama said, ""Out of crisis arises opportunity. With the leadership of these accomplished individuals and our whole economic team, I am absolutely confident that we will turn around this economy and seize this opportunity to secure a more prosperous future.""
+_David S. Cohen, Assistant Secretary of Treasury, Terrorist Financing
_+
Until recently, Cohen was a partner in the law firm of WilmerHale, where he focused on complex civil litigation, white collar criminal defense, internal investigations, and anti-money laundering counseling. Immediately prior to joining the firm in 2001, Cohen worked at the Treasury Department, where he served as acting and associate deputy general counsel. Cohen was a recipient of the Treasury secretary’s award for outstanding service. He received his J.D. from Yale Law School, and his B.A., magna cum laude, from Cornell University.
+_Alan B. Krueger, Assistant Secretary of Treasury, Economic Policy _+
Krueger is the Bendheim professor of economics and public affairs at Princeton University, where he has held a joint appointment in the economics department and Woodrow Wilson School since 1987. In 1994-95 Krueger served as chief economist at the U.S. Department of Labor. He is a research associate of the National Bureau of Economic Research, a member of the editorial board of _Science_, and serves as chief economist for the Council for Economic Education. Krueger is also a member of the board of directors of the Russell Sage Foundation, the MacArthur Foundation, and the American Institutes for Research. He received a B.S. degree, with honors, from Cornell University’s School of Industrial & Labor Relations in 1983, an A.M. in economics from Harvard University in 1985, and a Ph.D. in economics from Harvard in 1987.
+_Kim N. Wallace, Assistant Secretary of Treasury, Legislative Affairs _+
Wallace previously served as a managing director and head of the Washington Research Group at Barclays Capital. Before that he served in the same role, for 14 years, at Lehman Brothers Inc. From 1989-1994, Wallace served as a legislative aide to then-Senate Majority Leader George Mitchell, specializing in fiscal policy. He also worked three years as an analyst on the Senate Budget Committee, under then-Chairman Lawton Chiles. Wallace received an M.S in business from Johns Hopkins University, and a B.A. in government from the University of Texas at Austin.
According to a _""Wall Street Journal"":http://www.wsjonline.com_ report, the nominations were generally well-received by banking industry officials and regulators. They now require confirmation from the Senate.