06/04/2013 08:23 pm ET Updated Aug 04, 2013

Trade Nominee Holds $500,000 In Cayman Islands - NYTimes.com


WASHINGTON -- Michael Froman, a longtime White House economic aide nominated to be President Obama's trade representative, holds close to $500,000 in the Cayman Islands and received millions of dollars to divest himself from Wall Street accounts that rely on a tax loophole the administration has sought to close.

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