CLINTON CONFIRMATION:What About International Economics?
New committee member Sen. Jeanne Shaheen (D-N.H.) asks what the State Department can do to bolster its role in international economics. Clinton: “Obviously Treasury has a huge role to play, but so does the State Department” — like on climate change, energy security and “the meltdown of the international economic regulatory system means our foreign policy is impacted.”
The Obama administration plans to allow the State Department to participate in the National Economic Council, playing a “crafting” role in “designing the agenda” for economic summits like the G-20. “We’ve got to have a strategic relationship” with China, Clinton says, but “we’ve also got to make sure they continue buying our debt.”