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Report: WH Approaches American Express Chief for Treasury Post

ChenaultWhite House Chief of Staff Jack Lew is the favorite to succeed Timothy Geithner as treasury secretary for President Barack Obama’s second term, Bloomberg reports.

However, Hans Nichols and Julianna Goldman report the White House has also reached out to American Express CEO Kenneth Chenault for that position.

Citing two sources, Bloomberg reports Chenault was also asked about other positions in the administration.

Chenault, who is a member of the President’s Council on Jobs and Competitiveness, could also fill the commerce secretary position or take on a senior advisory role in the White House, according to the report.

Xerox CEO Ursula Burns was also considered as a candidate to lead the Commerce Department, the report said.

Rebecca Blank has led that department on an acting basis since John Bryson resigned in June.

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