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Janet Yellen

Former Md. regulator named to No. 2 Treasury job

Former Md. regulator named to No. 2 Treasury job

President Barack Obama has appointed Sarah Bloom Raskin, a former top Maryland financial regulator, as deputy secretary of the U.S. Treasury Department, the White House announced late Wednesday. Raskin, 52, has served as a governor of the Federal Reserve since 2010. Previously she was appointed by Gov. Martin O'Malley as commissioner of financial regulation in 2007. If confirmed by the Senate, she would replace Deputy Secretary Neal Wolin, who has served since 2009. The Financial Times website reported that Raskin, a resident of Takoma Park, would become the highest-ranking woman ever to serve in the Treasury Department. Raskin would join two other former O'Malley...

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