America Has No Commerce Secretary

America Has No Commerce Secretary

America Has No Commerce Secretary

Moneybox
A blog about business and economics.
June 21 2012 2:15 PM

America Has No Commerce Secretary

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WASHINGTON, DC - MAY 31: U.S. President Barack Obama (C) stands with Commerce Secretary Gary Locke (L) and John Bryson, after nominating Bryson to be the next Commerce Secretary, on May 31, 2011 in Washington, DC.

Photo by Mark Wilson/Getty Images

Equity markets are way down today and it's no surprise. After all Commerce Secretary John Bryson announced his official resignation and everyone knows that what's bad for the Department of Commerce is bad for commerce.

Deputy Secretary Rebecca Blank will continue on as Acting Secretary of Commerce, her second stint as the Acting Secretary. For more on Blank, see this. You might also be interested in the time the Obama administration proposed eliminating the Commerce Department and nobody noticed. This also means that the celebrated Commerce Cabinet Crisis series of blog posts profiling America's past Secretaries of Commerce will continue. The last one in the series of was Alexander Trowbridge.