Need to Know
February 7, 2013 4:40 AM
Ties to failed bank previously dogged Obama's likely Commerce pick
Posted by Staff

President Obama's likely pick for Commerce Secretary is billionaire Penny Pritzker, according to a Bloomberg report. But President Obama's top choice previously took herself out of the running for the same post in 2008 citing her family's past sour business ventures that could be politically embarrassing during a confirmation process.

Pritzker, who served as national campaign finance chairwoman in 2008 for the Obama campaign, reportedly feared "problems with her confirmation based on past business dealings," according to a Democratic official speaking to Politico at the time. Facebook Fark Furl
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