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Treasury’s Rutherford Nominated as Financial Markets Official

Matthew Rutherford, who oversees the U.S. Treasury’s debt-management office, was nominated by President Barack Obama to be the department’s assistant secretary for financial markets.

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.

To contact the reporter on this story: Ian Katz in Washington at ikatz2@bloomberg.net.

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net

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