NPR says that Erskine Bowles, who co-chaired up the president’s debt reduction commission, is a candidate to replace Treasury Secretary Tim Geithner in President Obama’s second term.
But “a more likely choice might be Jack Lew, the current White House chief of staff and formerly the president’s budget director.”
Wonk Wire: Who should be the next Treasury Secretary?
“I would like to see whether I can get untired.”
— Secretary of State Hillary Clinton, in an interview with Gail Collins, on what she’ll do next year.
Sen. John Kerry (D-MA) bid to become Secretary of State may be in jeopardy, ironically, because of Kerry himself, BuzzFeed reports.
When Kerry ran for president in 2004, state Democrats “changed the law to for replacing retiring members, stripping then Gov. Mitt Romney of his ability to appoint a new members and putting in a place a special election process. Kerry obviously never needed a replacement, and perhaps fittingly, following the death of Sen. Ted Kennedy the new law resulted in the state electing Sen. Scott Brown, a Republican.”
“And with Brown on his way out thanks to Elizabeth Warren, he is considered an odds-on favorite to take a special election against the current crop of Democratic contenders.”
One option: Democrats could change the law back to allow the governor to appoint a successor.
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After his victory speech, President Obama tried to call both House Speaker John Boehner (R-OH) and Senate Minority Leader Mitch McConnell (R-KY) “but was told they were asleep,” the New York Times reports.
ABC News: “There is an unwritten tradition in Washington that cabinet secretaries all submit pro forma letters of resignation at the end of a first term for a re-elected president, but apparently it doesn’t really work that way. The last two-term president was George W. Bush and according to an official in the West Wing at the time, such letters were requested, but some secretaries had to be prodded to comply.”
Bloomberg claims that Susan Rice, the U.S. ambassador to the United Nations, is emerging as the favored candidate to succeed Secretary of State Hillary Clinton. However, many think Obama’s first move will be choosing a successor to Treasury Secretary Tim Geithner.
He also may need to find successors to Defense Secretary Leon Panetta, Director of National Intelligence James Clapper and U.S. Trade Representative Ron Kirk.
The Gallup tracking poll finds President Obama’s approval rate at 54%, his highest approval rating since November of 2009.
Treasury Secretary Tim Geithner said he didn’t plan to write a book about his “first-hand experience of the financial crisis, the aftermath, and the politics of Washington” but joked that, “A lot of people are telling my story,” according to the Wall Street Journal.
“The comment came the same day former FDIC Chairman Sheila Bair’s memoir, Bull by the Horns, was released. Ms. Bair and Mr. Geithner spent years at war with each other over what to do during the financial crisis, and her book reveals many of their battles in detail.”
“I obviously am not a big fan of President Obama. I think he’s been one of our weakest presidents… I’d be hard put to find any Democratic president that I’ve disagreed with more.”
— Dick Cheney, in an interview with ABC News.
Business Insider: “The Team USA men’s basketball team had no problem with France today in their opening match of the Olympics, cruising to a 98-71 win. But the most eyebrow-raising highlight of the match may have come after the game when each member of the team, including coaches, walked over and gave Michelle Obama a hug.”
The Justice Department’s inspector general found “at least seven instances of federal employees engaging in illegal attempts to hire family members at the agency,” The Hill reports.
“The report is the third investigation in less than a decade that has found numerous examples of illegal hiring practices, amounting to nepotism, within the DOJ.”
Very interesting: First Cameraman: Documenting the Obama Presidency in Real Time by Arun Chaudhary.
Reflections of the first official White House videographer from the early months of the 2008 presidential campaign and through the first two and a half years of the Obama administration.
Treasury Department officials “have been cited for soliciting prostitutes, breaking conflict-of-interest rules and accepting gifts from corporate executives,” The Hill reports.
“The revelations of unethical behavior at Treasury are detailed in little-noticed documents posted this month on governmentattic.org, which publishes agency responses to Freedom of Information Act (FOIA) requests.”
“While it is not uncommon for departments within the executive branch to have personnel issues, it is unusual for these types of documents to become public. They provide a rare glimpse of internal probes within the Treasury Department, exposing different episodes of misconduct.”
Bloomberg looks at pay raises and the top earners on the White House payroll.
Jon Stewart takes President Obama to task for asserting executive privilege on documents requested by Congress related to the mismanaged program known as “Fast and Furious.”
With Commerce Secretary John Bryson’s resignation this week, a Smart Politics review of presidential cabinet data finds that President Obama currently ranks tied for fourth of the 23 administrations since FDR’s first term for the lowest rate of department head departures.
John Bryson “announced his resignation as President Obama’s commerce secretary on Thursday following an episode in which he had a seizure and was involved in a sequence of automobile accidents,” the New York Times reports.
“Bryson offered no further information about his health or the status of the legal case following the episode earlier this month.”
Arizona Secretary of State Ken Bennett (R), who once flirted with the idea President Obama wasn’t born in the United States, now says he thinks the president lied about being born in Kenya in order to get into college.
Said Bennett: “Now, I know there’s a lot of people that are very skeptical as to whether he was born in Hawaii. Personally I believe that he was. I actually believe he was fibbing about being born in Kenya when he was trying to get into college and doing things like writing a book and on and on and on.”
Bennett also said he thinks Obama has spent as much as two million of dollars to cover it up.
President Obama “invoked executive privilege to withhold from a Congressional oversight committee some documents and communications among his advisers regarding the failed gun enforcement operation known as ‘Fast and Furious,’ in which weapons purchased in the United States were allowed to cross into Mexico,” the New York Times reports.
It was the first time since Obama took office that he has asserted the privilege.
Washington Post: “The president’s decision to withhold the documents and the House
panel’s anticipated contempt citation quickly intensified a
long-simmering feud between the White House and Republican lawmakers and
set up a clash between over the extent of presidential power that may
take months to resolve.”
Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.
Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.
Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.
Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.
Goddard is the owner of Goddard Media LLC.
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