Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Biden to tap intelligence expert Corless for Treasury terrorism post

Published 09/21/2021, 03:50 PM
Updated 09/21/2021, 04:00 PM
© Reuters. FILE PHOTO: A statue of former Sen. Albert Gallatin stands at the Treasury Department in Washington, U.S., April 25, 2021. REUTERS/Al Drago

By Andrea Shalal

WASHINGTON (Reuters) - U.S. President Joe Biden will nominate Shannon Corless, a career intelligence expert, as assistant secretary of Terrorism and Financial Intelligence at the Treasury Department, the White House said on Tuesday.

Corless currently oversees economic security, energy security, export controls, sanctions, supply chain, telecommunications, threat finance, and trade partnerships at the Office of the Director of National Intelligence (ODNI).

If confirmed, Corless, a former naval intelligence officer, will be part of a team making decisions about sanctioning the Taliban and other issues impacting the flow of capital into Afghanistan.

Before ODNI, Corless served as the director of investment security at ODNI's National Intelligence Council, where she played a critical role on reviews conducted by the Committee on Foreign Investment in the United States (CFIUS).

© Reuters. FILE PHOTO: A statue of former Sen. Albert Gallatin stands at the Treasury Department in Washington, U.S., April 25, 2021. REUTERS/Al Drago

Corless will join a queue of 10 other people awaiting confirmation at Treasury, including five nominated back in April and May to oversee key issues such as tax policy, economic policy and terrorist financing, the White House said.

Biden administration officials have expressed mounting frustration about congressional holds placed by Republicans on dozens of nominees for key posts at the State Department, Treasury and elsewhere for reasons unrelated to the nominations. To date the U.S. Senate has confirmed just 131 of Biden's 368 nominees, a pace slightly ahead of former President Donald Trump, but lagging that of Barack Obama and George W. Bush, according to the nonprofit Partnership for Public Service.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.