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Barack Obama Breaking News: Obama to Nominate Fed's Raskin as U.S. Treasury Deputy

Wochit 0:47 mins

President Barack Obama will nominate Federal Reserve Governor Sarah Bloom Raskin as the U.S. Treasury Department's No. 2 official. Meeting being closed doors with House Democrats Wednesday, President Barack Obama faced questions from his own party about his reported consideration of Larry Summers as the next chairman of the Federal Reserve. In a letter to the president, Republican lawmakers said that President Barack Obama's recent comments on the Keystone XL oil pipeline, downplaying jobs that would be created, jeopardize the project by adding to its uncertainty,

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