Obama Is Said Nearing Choice of Pritzker for Commerce

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President Barack Obama is close to choosing Chicago businesswoman Penny Pritzker, who led fundraising for his 2008 campaign, as his next commerce secretary, according to three people familiar with the matter.

Pritzker, whose family built the Hyatt Hotels Corp. chain, would replace acting commerce secretary Rebecca Blank, an economist who took over for John Bryson after he resigned last June for health reasons.