Friday, 22 August 2014
Last updated 13 hours ago
Jun 2 2011 | 1:39pm ET
President Barack Obama has nominated a Kohlberg Kravis Roberts adviser to serve as U.S. Secretary of Commerce.
Obama tapped John Bryson on Tuesday for the Cabinet-level post, where he'll succeed outgoing Sec. Gary Locke if confirmed by the U.S. Senate. That is no sure thing, as Senate Republicans have pledged to block any Commerce nominee until the Obama administration submits free-trade agreements with Colombia and Panama for Senate approval.
Bryson, a former CEO of energy company Edison International and a co-founder of the Natural Resources Defense Council, joined KKR in August 2008 as a senior adviser, specializing in infrastructure investments.
Obama called Bryson "a fierce proponent of alternative energy," a fact that led some Republicans to say, trade agreements or no trade agreements, they'll oppose his nomination. Sen. James Inhofe (R-Okla.) called the NRDC "a radical environmental organization."
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note