Sallie Krawcheck Emerges As Front-Runner To Head SEC

Sallie Krawcheck

The field of candidates to run the Securities and Exchange Commission is shifting after a contender dropped out of the race.

The New York Times reports that Mary J. Miller, a senior Treasury Department official, removed her name from consideration in recent days, according to several people briefed on the matter who were not authorized to discuss the selection process. While some Washington insiders had considered Ms. Miller a sensible choice, several people close to her said she was 'not interested' in the job.

With Ms. Miller withdrawing, Sallie Krawcheck, a longtime Wall Street executive, has emerged as a potential front-runner. Over the last year, she has become a familiar face in Washington, making the rounds with lawmakers to discuss consumer issues.

The White House, which has been holding interviews for the position in recent weeks, is vetting a number of candidates with backgrounds in finance and government.

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