Category: Business News
The incoming administration will select Gina M. Raimondo, a moderate Democrat, to guide a sprawling department critical to business and technology.
WASHINGTON — President-elect Joseph R. Biden Jr. is expected to announce Gina M. Raimondo, the governor of Rhode Island, as his commerce secretary, a key economic position given the agency’s critical role in everything from technology policy to climate change to promoting American industry, according to a person familiar with the decision.
Ms. Raimondo, a moderate Democrat with a background in the financial industry, has served as governor since 2015. She is seen as a relatively traditional choice for commerce secretary, a post that oversees relations with the business community but also technology regulation, weather monitoring and the gathering of economic data, among other duties.
Mr. Biden had been considering several high-profile chief executives for the position, as well as the possibility of appointing a Republican. In choosing Ms. Raimondo, the Biden team instead opted for a rising star in the Democratic Party with experience in both government and finance.
As governor of Rhode Island, Ms. Raimondo introduced training programs, cut taxes and eliminated regulations to support businesses. She clashed with unions but ultimately found compromise as she overhauled the state pension plan.
Source: New York Times
Published: July 1, 2021