Neal Wolin is the new deputy Treasury Secretary. Wolin was confirmed by the Senate this morning. He previously worked as the Deputy Counsel to the President for Economic Policy and was general counsel for the Treasury Department from 1999-2001. A press release sent out by the Treasury Department reads:

"I am thrilled to have Neal return to the department. Neal brings a deep knowledge of the Treasury Department and strong managerial experience in both the private and public sectors, and I look forward to working closely with Neal at this critical moment in our nation's history." said Secretary Tim Geithner.