Tim Adams has resigned as Treasury Undersecretary for International Affairs (here's the web site for the Office of International Affairs). Elizabeth Price posts to the Wall Street Journal's Washington Wire:
Adams, a 45-year-old Kentucky native, led efforts to get the International Monetary Fund to become more outspoken in monitoring its members’ economic policies, particularly with regard to exchange rates, and he played a key role in getting the IMF to overhaul its governance structure to give Asian countries more clout in decision-making. Adams also pushed the powerful Group of Seven industrial countries to deepen its engagement with emerging economic powers including China, Brazil and India.
Adams has been U.S. Treasury undersecretary for international affairs since 2005 ... In his letter of resignation, Adams said his responsibilities to his wife and three young children were “incompatible” with the job’s demands....
But some turf battles might have added to his decision. Since joining the Bush administration as Treasury secretary last July, Henry Paulson has brought several people to Treasury from his former employer, Goldman Sachs, and from the State Department. For chief of staff, he picked Jim Wilkinson, a top adviser to Secretary of State Condoleezza Rice, and chose Taiya Smith, an aide to former Deputy Secretary of State Robert Zoellick, as deputy chief of staff. The U.S. Treasury Undersecretary for Domestic Finance Robert Steel was a former vice-chairman of the investment banking firm, and former Goldman Sachs Vice President Neel Kashkari is a senior adviser to Paulson.
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