Chicago billionaire Penny Pritzker, whose fundraising prowess fueled President Barack Obama’s ascent, will confront Republicans’ questions about a bank she led and offshore trusts that benefit her during a hearing on her nomination to be U.S. Commerce secretary.
Pritzker, 54, would bring to the cabinet decades of business experience, including serving as director of Hyatt Hotels Corp. (H), started by her family. At the same time, her management of an Illinois bank that collapsed and investments held in offshore accounts are yielding fodder for critics.
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