President Barack Obama’s top economic aides are meeting with chief executives from Honeywell International Inc., Alcoa Inc. and others to spotlight U.S. gains in manufacturing as a path to creating jobs.
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.
President Barack Obama nominated Bank of America Corp. executive Stefan Selig to oversee international trade as he seeks to jumpstart the economy by appointing a Wall Street veteran to the Commerce Department.
Republicans defended Mitt Romney against criticism from Democrats that he avoided taxes by keeping money stashed overseas. Those roles are now reversed with the disclosure that President Barack Obama’s pick to run the Commerce Department does the same thing.
If Penny Pritzker is picked to serve as U.S. commerce secretary, she’ll bring a resume showing a full range of business experiences -- success, failures, tax lawsuits and even squabbling among heirs over trust funds.
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.
Chicago billionaire Penny Pritzker inadvertently understated a portion of her income by at least $80 million in a disclosure form required for her nomination to be U.S. Commerce secretary and has amended the document.