Dec. 11 (Bloomberg) — Under pressure from progressive groups to reject Wall Street influence, three more Senate Democrats yesterday turned against the nomination of Antonio Weiss for a senior post at the U.S. Treasury Department.
President Barack Obama's choice of Weiss, an investment banker at Lazard Ltd., has put him at the center of an ideological fight within the Democratic Party over the finance industry's clout in Washington.
The attacks are coming from Democrats who say the Obama administration relies too much on Wall Street veterans to fill important regulatory posts. They are criticizing Weiss, in particular, for his role in engineering tax-lowering inversion deals for U.S. companies.
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