U.S. Commerce Secretary nominee Penny Pritzker received $54 million last year from an offshore trust in the Bahamas, according to a disclosure report that describes an empire of casinos, hotels, energy companies and family trusts that may be worth more than $2 billion.
President Barack Obama is close to choosing Chicago businesswoman Penny Pritzker, who led fundraising for his 2008 campaign, as his next commerce secretary, according to three people familiar with the matter.
President Barack Obama said he is nominating Penny Pritzker, the Chicago businesswoman, philanthropist and Hyatt Hotels Corp. heiress who led record fundraising for his 2008 campaign, as secretary of commerce.
Bipartisan resistance in Congress to granting President Barack Obama fast-track authority to negotiate trade agreements won’t jeopardize a Pacific-region trade pact, U.S. Commerce Secretary Penny Pritzker said today.
The U.S. and 11 other nations brokering a Pacific-region trade deal probably will reach an agreement this year, Commerce Secretary Penny Pritzker said, even as talks between the U.S. and Japan have slowed.