NU Online News Service, May 20, 1:24 p.m. EDT
WASHINGTON—President Obama is coming closer to his decision to nominate the independent member of the Financial Stability Oversight Council (FSOC) with insurance experience, the Treasury Department says.
In a letter this week to Sen. David Vitter, R-La., Jeffrey Goldstein, undersecretary of the Treasury for domestic finance, says the decision would be made "soon."
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