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Obama Said to Consider Raskin for No. 2 Treasury Post

President Barack Obama is considering Federal Reserve Governor Sarah Bloom Raskin, a former state banking regulator, to serve as deputy Treasury Secretary, according to two people familiar with the matter.

Raskin, 52, emerged as a leading candidate after Obama administration officials concluded that they wouldn’t be able to persuade the Senate to confirm anyone with a long career on Wall Street, according to the people, who asked not to be identified. While Raskin was a managing director at Promontory Financial Group, which advises banks, she joined the Fed after serving as Maryland’s top financial regulator from 2007 to 2010.