Treasury nominee Weiss withdraws from consideration: White House

Reuters News
Posted: Jan 12, 2015 5:24 PM

WASHINGTON (Reuters) - Antonio Weiss, an investment banker who was a controversial nominee for a top position at the U.S. Treasury Department, has decided to withdraw from consideration, the White House said on Monday, noting it would begin a new search for a candidate.

"Mr. Weiss made the request to avoid the distraction of the lengthy confirmation process that his renomination would likely entail," White House spokeswoman Jennifer Friedman said in a statement.

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Instead, Weiss will become a senior adviser to Treasury Secretary Jack Lew, a position that does not require Senate confirmation.

(Reporting by Roberta Rampton; Editing by Peter Cooney)