Washington Post: Treasury Undersecretary’s Dual Roles Raise Questions
Robert K. Steel is a Washington oddity. He holds two high-powered jobs, one inside and the other outside government.
As the new undersecretary of the Treasury in charge of domestic finance, Steel supervises thousands of federal employees and helps oversee the nation’s multi-trillion-dollar financial markets. At the same time, he moonlights as the unpaid chairman of the Board of Trustees of Duke University, a major recipient of federal funds and one of the country’s most richly endowed colleges.
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