Obama Rounds Out Economic Team With Commerce, Trade Picks

WASHINGTON (Reuters) -

President Barack Obama tapped Mike Froman and Penny Pritzker for the last two vacant Cabinet slots on his economic team on Thursday, turning to a law school classmate who is already one of his chief advisers and a billionaire businesswoman who helped put him in the White House.

As key members of his team, the two will work to boost demand for U.S. goods and workers, Obama said as he announced the nominations at the White House shortly before leaving on a trip to Mexico, a key U.S. trading partner.

He urged the Senate to quickly confirm the pair.

Froman, Obama’s pick to be trade representative, is little known to the American public but is a heavyweight in diplomatic circles for his role as the president’s chief international economic affairs adviser, a post he has held since Obama took office in 2009.

Pritzker, tapped to become Commerce Secretary, is an heir to the Hyatt Hotel fortune and was finance chairman for Obama’s 2008 presidential campaign. She is ranked 271st on Forbes Magazine’s list of the wealthiest Americans and eighth on Chicago Magazine’s list of the city’s most powerful people.