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I am the second

Black Democrats demand minority lead Treasury Department under Biden

Some Black lawmakers are demanding Joe Biden tap an African American nominee to lead the Treasury, complicating prospects for establishment women — like Lael Brainard, Janet Yellen and Sarah Bloom Raskin — to become the first female Treasury secretary.

Why it matters: That could put high-profile Black candidates from the financial services industry in play, including Roger Ferguson, the CEO of TIAA, and Mellody Hobson, co-CEO of Ariel Investments.

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