Economics
Yellen Sets Out to Build Treasury Team With Obama Alumni
- Carpenter, Barr considered to head Treasury’s domestic finance
- Top Treasury Department jobs require Senate confirmation
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Janet Yellen is focusing on several Obama-administration alumni for key posts in the U.S. Treasury, according to people familiar with the matter, as critical decisions loom on everything from debt funding to international economic ties.
Seth Carpenter and Michael Barr are being considered for undersecretary for domestic finance, the people said on condition of anonymity as the discussions are private. The job involves managing the funding of over $20 trillion in federal debt and overseeing financial institutions, tax and housing policy. Both Barr and Carpenter have previously worked at the Treasury.