A Wall Street banker tapped by President Obama for a top post at the Treasury Department has removed himself from the running following opposition from progressives led by Massachusetts Sen. Elizabeth Warren. Warren had criticized the nomination of Antonio Weiss, who has spent 20 years at the financial firm Lazard, where he worked on so-called tax inversions, whereby companies like Burger King have moved overseas to dodge U.S. taxes. More than 160,000 people had signed a petition calling for the Senate to reject Weiss’ nomination to the third highest post at Treasury. After withdrawing from consideration for that post, he has taken a job as counselor to Treasury Secretary Jack Lew.
Treasury Nominee Withdraws After Warren-Led Opposition over Wall Street Ties
HeadlineJan 13, 2015