May 12,2009

Treasury Deputy Secretary Nomination Heads to Full Senate

Finance panel favorably reports nomination of Neal S. Wolin

Washington, DC – Senate Finance Committee Chairman Max Baucus (D-Mont.) today applauded Finance Committee action to favorably report, by a unanimous voice vote, the nomination of Neal Wolin to be Deputy Secretary of the Treasury. Today’s vote was scheduled as an executive session during the Committee’s roundtable on health care reform financing. Chairman Baucus expressed urgency in confirming the nominee so that the Treasury Department has leadership in place to help steer the U.S. economic recovery effort.

“The Treasury Department has a colossal task in its management of the economic recovery. Secretary Geithner and other Treasury officials need support now in their efforts to stabilize markets and get capital flowing for American families and businesses,” Baucus said. “It’s our job to make sure the right nominees get up and running as soon as possible. We’ve taken the first step today in Committee, and I look forward to congratulating to Mr. Wolin on full Senate confirmation soon.”