Rutherford, who is the Treasury’s deputy assistant secretary for federal finance, would replace Mary Miller, who has been nominated as undersecretary for domestic finance. The White House announced Rutherford’s nomination in a statement today.
Rutherford, 33, and Miller, 56, led debt management as the U.S. approached the Obama administration’s Aug. 2 deadline for raising the federal debt ceiling. The office Rutherford oversees makes debt-issuance decisions to finance the government.
After months of debate in Congress, lawmakers agreed to raise the limit in increments and Obama signed the legislation on Aug. 2.
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