Another Top Treasury Pick Withdraws From Consideration

Democratic sources say that H. Rodgin Cohen, a partner in the New York law firm Sullivan & Cromwell LLP, and the leading candidate for Deputy Treasury Secretary, has withdrawn from consideration.

I reported last week that Cohen was likely to be officially nominated for the Deputy Treasury Secretary position.

He's been a counsel to just about every major player on Wall Street.

Now, the nomination is off.

Democratic sources said that an issue arose in the final stages of the vetting process.

Cohen had risen to the top after the withdrawal last week of expected deputy treasury secretary pick Annette Nazareth.

As one source put it, "it's back to the drawing board."

-- George Stephanopoulos

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