Senate committee OKs long-stalled Treasury nomination
WASHINGTON (AP) — A Senate committee has approved the long-stalled nomination of Adam Szubin (ZOO'-bin) for a Treasury Department post responsible for leading the battle against terrorism and financial crimes.
GOP Sen. Richard Shelby of Alabama — chairman of the Senate Banking, Housing and Urban Affairs Committee — had delayed action against all nominees, refusing to act until winning his re-election primary last week.
It's the committee's first confirmation vote since Republicans retook the Senate last year.
The committee approved Szubin by a 14-8 vote and appears likely to act soon on vacancies to the Securities and Exchange Commission and approve a new director of the U.S. Mint.
An appointee to the Export-Import Bank remains stuck, so the bank can't approve larger financial transactions.
Szubin has held the job in an acting capacity.