A Trump administration nominee for a top international finance job at the Treasury Department has withdrawn, the White House said on Thursday.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 TrumpJulian Castro knocks Biden administration over refugee policy Overnight Energy & Environment — League of Conservation Voters — Climate summit chief says US needs to 'show progress' on environment Five takeaways from Arizona's audit results 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.
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 MnuchinThe Hill's Morning Report - Presented by Alibaba - Biden jumps into frenzied Dem spending talks Former Treasury secretaries tried to resolve debt limit impasse in talks with McConnell, Yellen: report Menendez, Rubio ask Yellen to probe meatpacker JBS MORE, according to NBC News's Leigh Ann Caldwell.
NEWS: A Trump Treasury nominee, Adam Lerrick, with controversial ties to Argentina's sovereign debt crisis withdraws.— Leigh Ann Caldwell (@LACaldwellDC) May 10, 2018
But he is still expected to be a senior adviser to Mnuchin, per a Finance Committee Democratic aide.