Trump Treasury nominee withdraws

Trump Treasury nominee withdraws
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A Trump administration nominee for a top international finance job at the Treasury Department has withdrawn, the White House said on Thursday. 

Adam Lerrick, President TrumpDonald John TrumpSenate GOP budget ignores Trump, cuts defense Trump says he'll nominate Stephen Moore to Fed White House: ISIS territory in Syria has been 100 percent eliminated MORE's pick for deputy undersecretary of the Treasury for international finance, will no longer seek Senate confirmation for that position. 

Lerrick, a conservative economist and visiting scholar at the American Enterprise Institute (AEI), has been a vocal critic of international organizations, like the International Monetary Fund, and bailouts of banks and countries. 

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Lerrick played a key role in the restructuring of Argentina's $100 billion debt crisis, and worked on financial crises in Greece, Iceland and Cyprus, according to his biography on AEI's website.

While he may be backing out of the confirmation process, Lerrick is still expected to become a senior adviser to Treasury Secretary Steven MnuchinSteven Terner MnuchinTreasury expands penalty relief to more taxpayers China says it will investigate firms sanctioned by US for helping North Korea Treasury targets two Chinese shipping firms under North Korea sanctions MORE, according to NBC News's Leigh Ann Caldwell.