Treasury's Peter Fisher Resigns

WASHINGTON -- Peter Fisher, the Treasury Department's under secretary for domestic finance, offered his resignation Wednesday, to be effective Oct. 10, Treasury said.

"I have come to the conclusion that it will be best for my family to return to New Jersey and, therefore, I write to submit my resignation as Under Secretary of the Treasury," Fisher wrote in a resignation letter to President Bush. The letter was released by Treasury.

Separately, the White House said Bush intends to nominate Kenneth Leet, a managing director with Goldman Sachs, to be Fisher's replacement.

The White House also said Bush intends to nominate Susan Schwab, a University of Maryland official, to fill the vacant post of deputy Treasury secretary.

-- NYSSCPA.org News Staff

Posted on 7/9/03