News / USA

Obama Fills Key Spots on Economic Team

U.S. President Barack Obama announces Penny Pritzker (R) as his new nominee for the U.S. Secretary of Commerce and Michael Froman (L) as his nominee for U.S. Trade Representative while in the Rose Garden at the White House in Washington, May 2, 2013.
U.S. President Barack Obama announces Penny Pritzker (R) as his new nominee for the U.S. Secretary of Commerce and Michael Froman (L) as his nominee for U.S. Trade Representative while in the Rose Garden at the White House in Washington, May 2, 2013.
TEXT SIZE - +
Kent Klein
— President Barack Obama nominated economic adviser Michael Froman as his new U.S. Trade Representative, and businesswoman and political fundraiser Penny Pritzker as Commerce Secretary. The president spoke Thursday before leaving for two days of economic-related talks in Latin America.

As Trade Representative, Froman would replace Ron Kirk, who stepped down in February after four years on the job.  

Obama called Froman “one of the world’s foremost experts on the global economy,” and said he was instrumental in helping Kirk finalize trade deals with South Korea, Panama and Colombia.

“And over the past four years, he has been my point person at global forums like the G8 and the G20," Obama stated. "And by the way, when I say ‘point person,’ he has really been the driving force oftentimes in organizing these incredible international summits in which huge amounts of business get done.”

After his announcement, the president left for two days in Mexico and Costa Rica, where he was expected to talk with Central American leaders about expanding trade deals with other parts of the world.

Obama said Froman will help advance trade negotiations on the Trans-Pacific Partnership with the Asia-Pacific region and the Trans-Atlantic Partnership with Europe.  And he said his nominee will insist that trade be conducted fairly.

“He has won the respect of our trading partners around the world.  He has also won a reputation as being an extraordinarily tough negotiator while doing it.  He does not rest until he has delivered the best possible deal for American businesses and American workers,” noted Obama.

Froman’s nomination received generally good reviews from the U.S. business community.

A frequent administration critic, U.S. Chamber of Commerce chief executive officer Thomas Donohue, said Thursday his group will support Froman’s nomination.  In a statement, Donohue said Froman “has the vision and experience to deliver new trade opportunities for American workers and companies at the negotiating table.”

In selecting Penny Pritzker to run the Commerce Department, the president called her “one of our country’s most distinguished business leaders.”

The Hyatt hotel heiress has raised hundreds of thousands of dollars for both of Obama’s presidential campaigns.  She served on his Presidential Economic Recovery Advisory Board in 2009, and later on his Council on Jobs and Competitiveness.

If confirmed, Pritzker and Froman would fill the last remaining openings in the president’s cabinet.  Obama urged the Senate to confirm both nominees quickly.

You May Like

Analysts Warn of Regional Proxy Conflict in Afghanistan

Analysts warn if Kabul’s neighbors do not start to cooperate, competing desires for influence could deteriorate into a bloody proxy war in the country More

Saudi Intelligence Chief Replaced

Bandar bin Sultan came under criticism for supporting al Qaida, prompting King Abdallah to wrest Syria operations away from him in February, handing them to Interior Minister Prince Mohammed bin Nayef More

Poetry Magazine editor Don Share talks what makes a good poem with VOA's David Byrd

What makes a good poem? And is poetry as viable an art form as it once was? To find out, VOA's David Byrd spoke to Don Share, the editor of Poetry Magazine. More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Google Buys Drone Companyi
|| 0:00:00
...
 
🔇
X
George Putic
April 15, 2014
In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Ray Bonneville Sings the Blues and More on New CD

Singer/songwriter Ray Bonneville has released a new CD called “Easy Gone” with music that reflects his musical and personal journey from French-speaking Canada to his current home in Austin,Texas. The eclectic artist’s fan base extends from Texas to various parts of North America and Europe. VOA’s Greg Flakus reports from Austin.
Video

Video Millions Labor in Pakistan's Informal Economy

The World Bank says that in Pakistan, roughly 70 percent work in the so-called informal sector, a part of the economy that is unregulated and untaxed. VOA's Sharon Behn reports from Islamabad on how the informal sector impact's the Pakistani economy.
Video

Video Passover Celebrates Liberation from Bondage

Jewish people around the world are celebrating Passover, a commemoration of their liberation from slavery in Egypt more than 3,300 years ago. According to scripture, God helped the Jews, led by Moses, escape bondage in Egypt and cross the Red Sea into the desert. Zlatica Hoke reports that the story of the Jewish Exodus resonates with other people trying to escape slave-like conditions.
Video

Video Police Pursue Hate Crime Charges Against Kansas Shooting Suspect

Prosecutors are sifting through the evidence in the wake of Sunday’s shootings in a suburb of Kansas City, Missouri that left three people dead. A suspect in the shootings taken into custody is a white supremacist. As VOA’s Kane Farabaugh reports, he was well-known to law enforcement agencies and human rights groups alike.
Video

Video In Eastern Ukraine, Pro-unity Activists Emerge from Shadows

Amid the pro-Russian uprisings in eastern Ukraine, there is a large body of activists who support Ukrainian unity and reject Russian intervention. Their activities have remained largely underground, but they are preparing to take on their pro-Moscow opponents, as Henry Ridgwell reports from the eastern city of Donetsk.
Video

Video Basket Maker’s Skills Have World Reach

A prestigious craft show in the U.S. capital offers one-of-a-kind creations by more than 120 artists working in a variety of media. As VOA’s Julie Taboh reports from Washington, one artist lucky enough to be selected says sharing her skills with women overseas is just as significant.
Video

Video UN Report Urges Speedier Action to Avoid Climate Disaster

A new United Nations report says the world must switch from fossil fuels to cleaner energy sources to control the effects of climate change. The Intergovernmental Panel on Climate Change released the report (Sunday) following a meeting of scientists and government representatives in Berlin. The comprehensive review follows two recent IPCC reports that detail the certainty of climate change, its impacts and in this most recent report what to do about it. VOA’s Rosanne Skirble has the details.
AppleAndroid