5/3/2013

President Barack Obama has named Chicago investor and executive Penny Pritzker, a key fundraiser in his 2008 and 2012 campaigns, to be the next Commerce Department secretary. The Republican National Committee pointed out that she was chairwoman of the Chicago-area Superior Bank before its collapse in 2001. Obama praised her experience as a business leader, saying she "knows from experience that no government program alone can take the place of a great entrepreneur."

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