Penny Pritzker

Penny Pritzker News

  • Obama Commerce, Transportation Picks Advance in Senate

    The nominations of Penny Pritzker for Commerce secretary and Anthony Foxx as Transportation secretary advanced to the full U.S. Senate, bypassing the political fights that have stymied other high-level appointments.

  • ObamaTrade Nominee Vows to Seek Fast-Track Renewal

    White House official Michael Froman, seeking confirmation as U.S. trade representative, told a Senate committee he would press lawmakers to renew the president’s authority assuring speedy action on trade deals.

  • Pritzker’s Superior Bank Subprime Losses Blemish Resume

    A 61-page report carrying the seal of the Treasury’s inspector general offers a tutorial for Republican senators interested in challenging Penny Pritzker’s commerce secretary nomination.

  • Pritzker Yields Party Role Reversal on Offshore Trusts

    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.

  • Obama Commerce Pick Pushes Past Controversy at Hearing

    Chicago billionaire Penny Pritzker sailed toward confirmation as U.S. Commerce secretary after satisfying some critics over her offshore investments and role in a bank’s collapse during testimony at a Senate committee.

  • Pritzker Understated Income, Files Amended Disclosure

    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.

  • Obama’s Commerce Pick Got $54 Million from Bahamas Trust

    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.

  • Republican Predicts Pritzker Confirmation as Commerce Secretary

    Chicago billionaire Penny Pritzker probably will be confirmed as U.S. Commerce secretary, Senator John Thune of South Dakota, top Republican on the Senate Commerce panel, said today after she testified at a hearing.

  • Pritzker’s $54 Million Family Trust Fee Seen as Unique

    Receiving $54 million in consulting fees for a decade’s work on her own family’s offshore trusts is unusual and probably saved U.S. Commerce Secretary nominee Penny Pritzker on taxes, according to estate experts.

  • Reporting Leases, China Bond, Consumer Bureau: Compliance

    Accounting changes that would require companies to report more of their leases as assets and liabilities may encourage businesses to structure shorter-term rental agreements that could hamper the ability of lessors to predict cash flows, according to Fitch Ratings.

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