News Column

Senate Confirms Commerce Secretary

June 25, 2013
Penny Pritzker

The US Senate on Tuesday approved US President Barack Obama's pick to serve as commerce secretary.

Heiress and political donor Penny Pritzker was approved by the upper chamber 97-1.

Pritzker, an investor and member of the Hyatt hotels dynasty, was one of Obama's top campaign fundraisers. In the latest campaign, she personally donated 117,400 dollars to Obama's coffers and the Democratic Party, according to public records compiled by the website Open Secrets.

Forbes magazine put her net worth at 1.85 billion dollars. She was considered a top candidate for the job in Obama's first term but withdrew from consideration over concerns about her personal finances.

Obama welcomed Pritzker's approval.

"She knows what it takes to build companies from the ground up, and she shares my belief in doing everything we can to help businesses and workers succeed and make America a magnet for good jobs," he said in a statement. "Penny will be a key member of my economic team as we continue to work to grow our economy and strengthen the middle class."

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters