The billionaire heiress and major campaign donor tapped by President Barack Obama to head the Department of Commerce faced tough questions from Republicans about a failed bank owned by her family at her confirmation hearing on Thursday.
One of the largest hospitality unions in the nation will protest President Barack Obama’s commerce secretary nominee on Thursday, the first day of her confirmation hearings.
Commerce secretary nominee Penny Pritzker could be looking at a difficult confirmation process over her financial background and her family’s asset management that includes subprime lending, offshore trusts, and a pioneering approach to tax code loopholes. For instance, the Hyatt heiress served as chairwoman of Superior Bank, a pioneer in bundling subprime loans into securities that …
President Barack Obama’s nomination of billionaire hotel heiress and major campaign donor Penny Pritzker could drive a wedge through his coalition of labor supporters.
President Barack Obama rewarded one of his most prolific fundraisers Thursday, announcing his nomination of Hyatt heiress Penny Pritzker to become the secretary of commerce.
One of President Barack Obama’s most loyal fundraising families is funding “The Daily Show” host Jon Stewart’s first foray into film directing.
The Chicago Sun-Times’ Michael Sneed reports she “hears” hotel heiress and major Democratic fundraiser Penny Pritzker is being considered for secretary of commerce.
Penny Pritzker, the billionaire heiress whose family owns the Hyatt hotel chain, took a ride on Air Force One this afternoon from San Francisco to Portland, Ore., where President Obama was making a series of fundraising stops.