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Senate Confirms Deputy Treasury Secretary

The U.S. Senate voted Tuesday to confirm Sarah Bloom Raskin as deputy secretary of the Treasury.

In a statement, Treasury Secretary Jacob Lew said he is pleased the Senate showed broad support in confirming Raskin, adding, "The Treasury Department is gaining a proven and experienced leader who is dedicated to promoting economic prosperity, and enhancing business and consumer confidence."

Lew also offered thanks to Mary Miller, under secretary for domestic finance, for serving as acting deputy secretary.

In 2010, the Senate confirmed Raskin to serve as a governor on the board of the Federal Reserve, a position that saw her conducting the nation's monetary policy, regulating banking institutions, and helping to implement Wall Street reform. Before that, she served as commissioner of financial regulation for Maryland, navigating the state's response to the still-fresh financial crisis.

Raskin's career history also includes stints as managing director at the Promontory Financial Group, general counsel of the WorldWide Retail Exchange, and General Counsel of Columbia Energy Services Corporation. She also served as banking counsel for the Senate Banking Committee.

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