March 6th, 2009
10:51 AM ET
9 years ago

Potential Geithner deputy out of the running

In 2007, Annette Nazareth was serving at the Securities and Exchange Commission.

In 2007, Annette Nazareth was serving at the Securities and Exchange Commission.

WASHINGTON (CNN) - A leading contender to serve as the top deputy to Treasury Secretary Timothy Geithner is no longer under consideration for the post, as 17 top jobs at the department remain unfilled in the middle of the financial crisis.

Annette Nazareth, a former top official at the Securities and Exchange Commission, was being considered for the prestigious post of Deputy Treasury Secretary but is no longer in the running, according to an official familiar with the matter.

While Nazareth was never formally nominated for the job, she did have interviews for the post and a background search was being conducted. But the official stressed that this "was not a vetting issue," such as the tax matters that tripped up nominees such as Tom Daschle and Nancy Killefer.

Nevertheless, the development could be a blow to Geithner as he struggles to deal with the financial crisis at a time when 17 top jobs beneath him remain unfilled at the mammoth agency.

Full story

Filed under: Obama administration
soundoff (104 Responses)
  1. Dutch/Bad Newz, VA

    With a name like Nazareth, I feel I can trust her. I hope she reconsiders taking the job. She doesn't have any tax problems, so what's the problem?

    March 6, 2009 09:37 am at 9:37 am |
  2. carlo

    It's really sad when every economist has a Wall Street connection and are afraid of ending the perks that helped them to get rich. It's really sad. Well, President Obama, we knew this wouldn't be easy. Honesty is a rare thing in D.C.

    March 6, 2009 09:40 am at 9:40 am |
  3. Typical White Person

    Well, Obama said that Geitner was the "only man" they wanted and they are proving it!

    Now here come the 'bots blaming Bush for the problems at the Obama Administration's Treasury Department...

    March 6, 2009 09:43 am at 9:43 am |
  4. Anthony R. Seta

    Good help – especially at this intellectual level – is difficult to come by. There aren't too many Americans that have the education and intellect to perform well in this function as Deputy to the Treasury Secretary. The pool of CVs for qualified applicants can't be that large. I hope that Geither can get the staff that he needs to tackle the business that needs to be addressed. With good staff supporting him, I believe that Geither will be able to perform his job with a high level of quality.

    March 6, 2009 09:45 am at 9:45 am |
  5. JJ in FL

    ...and speaking of the others who were let go due to tax issues... more PROOF that the Obama administration is trying to be bipartisan and find common ground w/ republicans: some dems don't like paying taxes anymore than their republican counterparts, it seems! hahaha lol...

    March 6, 2009 09:49 am at 9:49 am |
  6. Lawrence

    Obama needs to send Emmanuel or others over to Treasury to help get Geithner off his arse. Geithner was not prepared when he first went before COngress. He does not appear to be on top of doing the most important part of his job – getting help. Perhaps Obama should have considered that since geithner did not understand how to fill out a From 1040, nor use 3rd grade level tax program Turbo Tax for Dummies, then just maybe he would not be prepared to led the US Treasury.

    March 6, 2009 09:49 am at 9:49 am |
  7. simp

    Why is it that all the finanical people are having trouble clearing anything? that just goes to show how much these people were lose doing their own thing with no regulations no overseer under bush's watch However I'm sure the idiot repubs will find a way to pin this on President Obama.

    March 6, 2009 09:51 am at 9:51 am |
  8. Had It

    SEC? Good choice to drop her. She helped drop this nation to it' knees.

    March 6, 2009 09:55 am at 9:55 am |
  9. yuri

    Tim's tax woes won't go away for a while, while his deputy is gettin' some soberin' and adorin' (?) attention. A treat to watch 'n' hear, perhaps?

    March 6, 2009 09:55 am at 9:55 am |
  10. Shooky

    I guess this Sigourney Weaver look-alike wants nothing to do with being a part of Obama's toxic policies. His claim of inheriting this whole mess is wearing thin considering his plans are making it markedly worse!

    March 6, 2009 09:55 am at 9:55 am |
  11. Liberal Lou

    I was disappointed to hear that Sanjay Gupta isn't going to be Surgeon General. He was perfect for the job because he is on TV and is famous and reads the teleprompter really well.

    March 6, 2009 09:58 am at 9:58 am |
  12. obama-mama

    They need to get on those jobs filled. Geithner cannot do it by himself

    March 6, 2009 09:59 am at 9:59 am |
  13. Joe the Troll

    Since when is someone NOT getting a job news?

    March 6, 2009 10:01 am at 10:01 am |
  14. Scott, Tucson

    She must not have paid her taxes too.

    March 6, 2009 10:06 am at 10:06 am |
  15. demwit

    I love Obama, he can do no wrong..

    March 6, 2009 10:09 am at 10:09 am |
  16. Steve

    Perhaps nobody wants to work for this kid Geithner?

    March 6, 2009 10:10 am at 10:10 am |
  17. David

    Nightmare !

    March 6, 2009 10:10 am at 10:10 am |
  18. Rick S.

    It's just so hard to find a scandal-free lib these days!

    March 6, 2009 10:12 am at 10:12 am |
  19. demwit

    Worst is yet to come for job market
    This is the most brutal downturn in decades, but the unemployment numbers only show part of the pain.

    No worries.., Obama is in the house!!

    March 6, 2009 10:14 am at 10:14 am |
  20. Terry, TX

    She is smart...... run ..... run...... Dr. Gupta did.

    This administration is a sinking ship ..... looks what has been done in 40 days..... it can't stay focused on one subject.... the economy. During the campaign..... it was economy.... he hasn't fix that .....but now the education and health are in to do it now haven't done anything yet.

    I didn't know we had 100% unemployment in education and health..... I thought production and manufacturing....hello. Good for you maam... there is not enough of money in this world to go down with this Titanic.

    March 6, 2009 10:19 am at 10:19 am |
  21. Kevin in Ohio

    Could it be that there just arent that many qualified democrats to fill these jobs?

    March 6, 2009 10:22 am at 10:22 am |
  22. Deborah

    This is the best news I've read in a long time!

    If enough of us stick to our Principles, we will get through this!

    I'm going to continue to put the pressure on in all the ways a Private Citizen can.

    My new Battle Cry:

    Impeach now and Hope there is some Change Left!

    March 6, 2009 10:23 am at 10:23 am |
  23. RealityKing

    Looking back..., its now laughable how the progressive media sold America on how prepared Obama would be taking over the reins of the presidency. A rock solid vetting process that was putting together the greatest adminstration of our time.., they said. Yet what a freaking joke we are seeing!! Oh how the American media has fallen since putting their own liberal adenda first.

    March 6, 2009 10:31 am at 10:31 am |
  24. The Truth

    The Barnum & Bailey Administration rolls on.

    March 6, 2009 10:33 am at 10:33 am |
  25. Roger

    Well at least people aren't getting on the sinking ship.

    March 6, 2009 10:35 am at 10:35 am |
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