U.S. Treasury Debt Manager Miller Nominated for Finance Post

Mary Miller, the U.S. Treasury Department official responsible for managing public debt, is the Obama administration’s nominee for chief of domestic finance.

Miller, 55, would replace Jeffrey Goldstein, the Treasury’s undersecretary for domestic finance, who plans to leave the department at the end of this month. If she is confirmed by the Senate for the promotion, Miller would advise Treasury Secretary Timothy F. Geithner on policy issues concerning the U.S. banking and financial systems and regulation.

As assistant secretary for financial markets since February 2010, Miller manages the Treasury’s public debt and oversees the offices of federal finance, capital markets and government financial policy. Earlier today she reiterated the Treasury’s projection that U.S. authority to borrow under the $14.29 trillion debt limit would expire on Aug. 2.

Miller previously worked 26 years at T. Rowe Price Group Inc. in positions including director of the fixed-income division.

One of Goldstein’s responsibilities has been coordinating the Financial Stability Oversight Council, a group of regulators charged with preventing a financial crisis. The council is led by Geithner and includes Federal Reserve Chairman Ben S. Bernanke.

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