Penny Pritzker, one of the nation's richest people and a "longtime political supporter and heavyweight fundraiser," as TheChicago Tribune writes, is President Obama's choice to be his next secretary of commerce.
The president announced the news this hour at the White House. He also said that one of his economic advisers, Michael Froman, is his choice to be the next U.S. trade representative.
NPR's business news starts with two new cabinet appointments.
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MONTAGNE: This morning, President Obama appointed Penny Pritzker to run the commerce department.
DAVID GREENE, HOST:
Pritzker is an heiress to the Hyatt hotel empire. She also served on the president's Economic Recovery Advisory Board, and she is a long time financial backer of the president's political campaigns. Forbes ranks her as one of 300 richest Americans.
This is MORNING EDITION from NPR News. Good morning. I'm David Greene.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne. Mexico's agonizing war on its drug cartels is about to change and President Obama is about to hear it personally from Mexico's new president. On a trip to Mexico that begins today, Mr. Obama will also focus on trade and economic opportunities between the two countries.