President-elect Joe Biden has selected Rhode Island Gov. Gina Raimondo to lead the Commerce Department, according to people familiar with the matter.
Why it matters: Raimondo, a Rhodes scholar who co-founded a venture capital firm in Rhode Island earlier in her career, has prioritized good relationships with the business community, the target audience of commerce.
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- Nonetheless, Raimondo has also clashed with unions as she worked to reform Rhode Island’s public employee pension plans.
- She also served as a national co-chair for Mike Bloomberg’s presidential campaign, endorsing Biden only after the former New York mayor dropped out.
Read more at Axios.