Published On: Wed, Mar 12th, 2014

Sarah Bloom Raskin’s Eight Months Long Wait To Be Voted Deputy Treasury Secretary Comes To A Happy End

Ms. Raskin was nominated by  President Barack Obama last July for the post, and as expected the vote went her way,   making her  the highest-ranking woman ever to serve in the Treasury.

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Sarah Bloom Raskin was undoubtedly relieved when  Senate Majority Leader Harry Reid announced that  the Senate had voted in her favor to take up the  post as  Deputy Treasury secretary, the No. 2 spot at the Treasury Department,  finally confirming one of the  few outstanding  nominations  made by President Barack Obama last year.

 

Sarah Bloom Raskin  has already received the approval of the Senate Finance Committee on two separate occasions, first in December, then again the following month, at the outset of the current Congress.

 

The Senate has approved all but one of Mr. Obama’s nominees since it updated its rules to speed  up such confirmations  and  Ms. Bloom Raskin was always  comfortable in the knowledge that she  was unlikely to face any significant opposition from either side of the chamber.

Sarah Bloom Raskin will now  succeed Neal Wolin at the Treasury Department. Wolin  finished his term  in September of last year, after more than four years in the post

Sarah Bloom Raskin was born Sarah Bloom in Medford, Massachusetts. After leaving high school, Sarah went on to study at Harvard Law School, later graduating with a B.A. in economics from Amherst College, where her undergraduate thesis was written on the subject of monetary policy.

 

Raskin was nominated to the Federal Reserve Board by President Barack Obama, along with fellow nominee Dr. Janet Yellen, was confirmed unanimously as a Federal Reserve Board governor by the United States Senate in late September  2010, just a few days later being  sworn in  to her  new post by Fed Chairman Ben Bernanke.

 

Raskin is married to Jamie Raskin, State Senator for Maryland on behalf of the Democrat Party.

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