Third Top Treasury Pick Withdraws From Consideration
Democratic sources say that H. Rodgin Cohen, a partner in the New York law firm Sullivan & Cromwell LLP, and the leading candidate for Deputy Treasury Secretary, has withdrawn from consideration.
It’s the third withdrawal of a top Treasury Department staff pick in less than a week.
I reported last week that Cohen was likely to be officially nominated for the Deputy Treasury Secretary position.
Cohen has been a counsel to just about every major player on Wall Street, which perhaps complicated his nomination.
Now, the nomination is off.
Democratic sources said that an issue arose in the final stages of the vetting process.
As one source put it, “it’s back to the drawing board.”