Treasury Department Leadership Pockmarked With Vacancies

Sep 25, 2017

The Department of the Treasury is recommending changes to the Community Reinvestment Act of 1977 (CRA), emphasizing the need to align the Carter-era legislation with today’s banking environment

The Trump Administration has been in power for eight months, but half of the Treasury Department’s highest-ranking appointments remain vacant.

According to a Bloomberg report, nine of the 18 Treasury positions that require Senate confirmations have yet to be filled, while another three nominees are awaiting Senate action. The most prominent vacancy is the position of deputy secretary, who serves as the number-two person to Treasury Secretary Steve Mnuchin—this position is temporarily filled by Sigal Mandelker, who holds an acting deputy title while also serving as undersecretary for Treasury’s sanctions unit.

The lethargy in filling the positions is obvious on the Department’s Web site, which has not published an updated staff directory since the Trump Administration took over. A Department spokesperson insisted that the Administration was “actively working” to fill the vacancies, and the White House has acknowledged it had a backlog of political appointees that it was still vetting.

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Phil Hall

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Sep 25, 2017

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