Three more Obama nominees withdraw from running

Toby Harnden
London Telegraph
Saturday March 7th, 2009

They are the latest in a string a appointments to back out of senior jobs since he came to power just six weeks ago.

The nominee for deputy in the United States Treasury Department withdrew herself from consideration after weeks of intensive vetting

Annette Nazareth, a former senior staffer and commissioner with the Securities and Exchange Commission, was said to have made “a personal decision” to pull out.

She had faced criticism for her SEC role in creating what Mr Obama himself has lambasted as lax oversight of the banking industry and her confirmation hearing threatened to be contentious.

The gap leave Timothy Geithner, the US Treasury Secretary, battling the worst economist crisis since the Great Depression with none of his 17 deputies even named. Each one has to be confirmed by the US Senate, a process that usually takes weeks.

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