WASHINGTON (8/6/12)--The U.S. Senate confirmed Matthew Rutherford to serve as the Treasury Department's assistant secretary for financial markets.
Rutherford will advise Treasury Secretary Timothy Geithner on matters of domestic finance, financial markets, federal, state and local finance, and federal government lending policies. He also will be responsible for Treasury's management of the public debt.
The areas of responsibility will not be new to Rutherford, confirmed Aug. 2, because he has served at the Treasury since 2009 as deputy assistant secretary for federal finance, where he advised on issues involving Treasury financing, public debt management, federal regulation of financial markets, and related economic matters, including regulatory issues in the government securities markets and the futures markets.
Geithner, announcing the confirmation on Aug. 3, said Rutherford's "substantial experience and skill" will make him a strong asset in his expanded role.