WASHINGTON -- President Bill Clinton yesterday announced the appointment of a federal debt manager at the Treasury Department and said he has found a new department spokesperson.
As expected, Clinton appointed Darcy Bradbury as deputy assistant secretary for federal finance, a position that is not subject to Senate confirmation. Bradbury, 36, served as deputy comptroller for finance from 1990 to 1993 in New York City, working directly for Comptroller Elizabeth Holtzman.
Clinton also said he intends to nominate Joan Logue-Kinder as assistant secretary for public affairs to replace spokesman Jack DeVore, who is leaving next month for a public relations post in Austin, Tex. That nomination is subject to a Senate vote.
Bradbury has been on the job for several months in an unofficial capacity and has experience in the municipal bond business. Before working for New York City, she was an investment banker in public finance at CS First Boston and Kidder, Peabody & Co.
As debt manager, Bradbury will be responsible for overseeing the Treasury's surveillance of the government securities market and working on legislation to renew the Government Securities Act. The department is running an experimental Dutch auction system for two-year and five-year notes, which are sold at the highest clearing price rather than in multiple-price slices.
Market participants are also watching the Treasury's new policy of stepping up short-term debt issues and cutting back on auctions of the 30-year bond.
Logue-Kinder is currently working as deputy assistant for public affairs at the Treasury, a position she assumed in March after leaving as a vice president at the New York City office of Edelman Public Relations Worldwide. Before joining Edelman. she was managing director for the Mingo Group, an advertising agency.