US Senate confirms Adeyemo as Treasury Deputy Secretary
NEWSMAN – US Senate on Thursday confirmed the nomination of Adewale Adeyemo as Deputy Secretary of the Treasury making him the first Black American to hold the powerful job.
Adeyemo, 39, has struck a hardline tone on China, vowing to fight what he called Beijing’s “unfair economic practices” and hold China accountable to international rules.
He will play a key role in shaping U.S. economic policy on issues ranging from financial regulation to relief for everyday Americans and U.S. sanctions on foreign governments.
A Former senior adviser at asset manager BlackRock Inc and the child of Nigerian immigrants, Adeyemo served as a top national security and economic adviser to Democratic Former President Barack Obama and held senior jobs at the Treasury, The Nation reported.
The Senate confirmed Adeyemo on a voice vote, a procedure used when there is little to no opposition.