Obama Announces Commerce, Trade Nominees
RENEE MONTAGNE, HOST:
NPR's business news starts with two new cabinet appointments.
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MONTAGNE: This morning, President Obama appointed Penny Pritzker to run the commerce department.
DAVID GREENE, HOST:
Pritzker is an heiress to the Hyatt hotel empire. She also served on the president's Economic Recovery Advisory Board, and she is a long time financial backer of the president's political campaigns. Forbes ranks her as one of 300 richest Americans.
MONTAGNE: President Obama also nominated a new U.S. trade representative. Michael Froman is a senior economic advisor to the president and former executive at Citigroup. The announcements come as Obama heads to Mexico where trade will be on the agenda.
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