Third, she has a Juris Doctor that was earned from the Yale Law School. They have warned that if the administration gets it wrong, the United States may surrender its leadership in key technologies for good. 6. [96] In March 2022, Warren accused Raimondo "lobbying on behalf of Big Tech". Table of Contents show 1. [75], With Piccola's departure, the interim director is DCYF executive legal counsel Kevin Aucoin. At an event held by the Atlantic Council in September, Ms. Raimondo acknowledged that people were watching closely and that the administrations credibility was on the line. She also co-founded her own venture capital firm, Point Judith Capital. [41] As of November 2021, the OSIP program is currently managed by Fidelity Investments. An illustration of a magnifying glass. Gina Raimondo is the U.S. Secretary of Commerce. Company executives describe her as a skillful and charismatic politician who is both engaged and accessible in an administration often known for its skepticism of big business. $500 million in funds could be eligible for the program, which would enable Treasury "to extend its expertise to municipalities and improve investment returns by creating economies of scale". In addition to this, she aids in developing policies regarding technology and climate change. On top of that, Raimondo is the Chair of the Democratic Governors Association. Somewhat Oppose: 5%. Nasdaq CEO Adena Friedman on the Future of Stock Exchanges. He has a long history of political involvement on both the federal level and the state level in Washington. ", Democratic Governors. For those who are unfamiliar, the Rhodes Scholarship is a scholarship started up by Cecil John Rhodes for the purpose of promoting unity within the British Empire as well as promoting a better relationship between Great Britain and the United States. This firm is named Point Judith Capital. Her family is Italian-American, thus making her family of Italian origin. Raimondo, Deloitte CEO discuss state computer woes at Calif. conference", "NBC 10 I-Team: RI's Health Secretary Elizabeth Roberts resigns", "RI ignored federal warnings on launch of new $364M benefits system", "No immediate changes at DHS despite federal warning", "Health Secretary Elizabeth Roberts Resigns", "All You Need to Know About the UHIP Disaster", "RI picking up more of the $656 million tab for UHIP", "A single UHIP update kicked 5,500 Rhode Islanders off Medicaid", "DCYF report: 8 child fatalities, 23 near fatalities in RI over two-year span", "RI Child Advocate recommends system overhaul after deaths of four children", "DCYF Director responds after union's 'no confidence' vote", "Rhode Island DCYF projects $18M budget deficit", "DCYF Director Trista Piccola to depart after tumultuous 2-year tenure", "Auditors find history of chaos at R.I. Department of Children, Youth and Families", "Acting director appointed for Rhode Island DCYF", "Months later, still no director for DCYF", "Rhode Island Department of Children, Youth, and Families Performance Improvement", "Raimondo endorses Bloomberg; says 'it was an easy call', "Bloomberg Endorses Biden as Sanders Laments Turnout of Younger Voters", "Raimondo: I will not be Biden's HHS secretary", "Sources: Gina Raimondo Being Considered as Biden's Treasury Secretary", "The Finance 202: Biden's transition team juggles competing demands as liberals push Warren for Treasury", "Raimondo selected for Biden's Commerce secretary", "Senate vote moves Raimondo closer to Cabinet confirmation", "From governor to Cabinet: Raimondo is sworn in as commerce secretary", "White House chief of staff tells House Democrats he's hoping State of the Union address will boost Biden's poll numbers", "Commerce Secretary Gina Raimondo tests positive for Covid after attending politician-packed D.C. Gridiron dinner", "Commerce Dept sanctions NSO Group, Positive Technologies and more for selling spyware and hacking tools", "Joint Statement by Secretaries Mayorkas and Raimondo on President Biden's National Security Memorandum to Strengthen Nation's Cybersecurity Infrastructure", "EU Eyes May In-Person Meeting of U.S. Technology Council", "Commerce Secretary Gina Raimondo has become tech's favorite Biden official", "Why the US can't stop fighting itself on tech policy", "Biden's Commerce chief is under fire from Warren, progressives for defending U.S. tech giants", "Analysis | Warren accuses Raimondo's Commerce Department of 'lobbying on behalf of Big Tech', "A Rising Star in the Biden Administration Faces a $100 Billion Test", "Sec. A member of the Democratic Party, Raimondo was also elected as chair of the Democratic Governors Association. In 2019, she reportedly made over $800,000 on her firm's payouts. The year she got her law degree, she began clerking under Kimba Wood, a federal judge for the Southern District of New York. I have real concerns about the departments approach, whether its approving assault weapon sales, negotiating trade deals or supporting big tech companies.. Net: Oppose: 7%. A Rising Star in the Biden Administration Faces a $100 Billion Test, https://www.nytimes.com/2022/11/26/business/economy/gina-raimondo-chips-biden.html. ", U.S. Department of Commerce. She is the first woman to have been elected in the role, which she stepped into in 2015. Ultimately, his workplace, the Bulova watch factory, moved overseas, forcing the elder Raimondo into an early retirement in his 50s. Alan Rappeport contributed reporting. [4] In April 2011, Raimondo led the state retirement board to reduce the state's assumed rate of return on pension investments from 8.25 percent to 7.5 percent. "[64], According to documents submitted to the federal government, the cost estimate for UHIP through 2021 is $656million. Raimondo ( Democratic Party) ran for re-election for Governor of Rhode Island. Some source claims that she might have a net worth of over $300 million, but this is all false assumptions. And if the answer is yes, I think we will be able to convince Congress and others to do more.. [50][51] Raimondo's reelection made her the first candidate to secure a majority of votes for that office since 2006. When you lose your Medicaid with no warning and no effort to transition you onto the exchange, the consequences can be deadly. [111] The couple have two children, Cecilia and Thompson Raimondo Moffit. Raimondo was elected governor of Rhode Island on November 4, 2014, winning 41% of the vote in a three-way race, defeating challengers Allan Fung (R) and Robert J. Healey of the Moderate Party . Fix the bridges and the roads.. Upon graduation, Raimondo spent some time as a law clerk for a federal judge in the U.S. District Court for the Southern District of New York. Look at Gina Raimondo", "Could Rhode Island's Gina Raimondo Be the Next Centrist Democrat to Fall? Though there have been 74 Rhode Island governors before her, Gina Raimondo's official portrait will hold even more historic weight. Gina Raimondo's COVID-19 approval rating plummeted during her final month as governor By Dan McGowan Globe Columnist, Updated March 24, 2021, 9:12 a.m. After all, she has made a lot of changes in this regard ever since she became the Governor of Rhode Island. The two firms teamed up on certain deals, including one involving a medical-device company named Novare Surgical. As of 2022, the governor of Rhode Island is Daniel McKee. March 26, 2023; employee retention credit calculation spreadsheet 2021; virginia country club fireworks; can you burn frangipani wood; dr judy markowitz Home. These include white papers, government data, original reporting, and interviews with industry experts. Critics of the Biden administrations plans have noted that the federal government may not be the best judge of which technologies to back. Also, a venture capitalist, Gina is one of the nine current female governors of the United States. Raimondo is viewed as a relatively traditional choice for commerce secretary. September 2014: General Treasurer Gina Raimondo takes 42% of the vote to beat Angel Taveras, Clay Pell and Todd Giroux in the . Gina Raimondo and Andrew Moffit married in 2001. Rather than divest her venture-capital holdings, Raimondo elected to put them in a trust, which she handed off to someone else to manage. [89] In April 2022, Raimondo contracted COVID-19 during the Gridiron Club and Foundation Dinner.[90]. The incoming administration will select Gina M. Raimondo, a moderate Democrat, to guide a sprawling department critical to business and . She cofounded and served as a general partner of Point . Learn how your comment data is processed. During her time as Governor, Secretary Raimondo kick-started the state's economy and made record investments in infrastructure, education, and job training. 5. Her net worth has been growing significantly in 2020-2021. Gina Raimondo as his commerce secretary. Additionally, she receives extra remuneration of $100,000, including bonuses and personal expenses. They should not come from a notoriously glitchy computer system. "[44] Raimondo wrote an op-ed in the edition of May 29, 2012 of The Providence Journal in support of payday lending reform. [70] Rep. Patricia Serpa and Rep. Charlene Lima called for Piccola's resignation, which finally occurred in July 2019. [3] During her first year in office, Raimondo prioritized reforming Rhode Island's public employee pension system. [29][30] Under Raimondo's leadership, Point Judith grew to over $100 million in assets and reportedly helped grow over twenty businesses. "[66], Under Raimondo, the Rhode Island Department of Children, Youth & Families (DCYF) had come under fire for the rate of deaths and near-deaths of children in its care. As Ms. Raimondo grew up, other manufacturers like Timex and U.S. Rubber shut their doors, and she saw Rhode Islands schools and infrastructure begin to fray. He is a member of the Republican Party who assumed office in 2019. Currently, she is on her second term, having won the gubernatorial election in 2014 as well as the gubernatorial election in 2018. [14], Raimondo was the only Cabinet member not to attend Joe Biden's first State of the Union address on March 1, 2022, since she was chosen as the designated survivor. The state remained invested in her former fund. Raimondo concluded that it was now time "to unify behind Joe Biden".[81]. As Secretary of Commerce, Raimondo has stated that her goal is to expand economic opportunities for American workers and businesses, particularly as a result of recent crises. Point Judith subsequently relocated its offices to Boston, Massachusetts. Federal officials judged that the state was not compliant in lowering a significant case backlog, starting a sufficient call-center, adequate staff training, and improving wait times at Health and Human Services field offices. She won in the general election on November 6, 2018. Having said that, Raimondos support seems to have been ill-timed, seeing as how Bloomberg dropped out of the race less than a month later. While the department is well known for its role in promoting business, it has an increasingly important role in regulating it by policing the kind of advanced technology that U.S. firms can share with China, Russia and other geopolitical rivals. 0:00. Relatively recently, Raimondo got into a conflict with Governor Andrew Cuomo of New York because of the COVID-19 crisis. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. In that job, she introduced free community college and all-day kindergarten, repeatedly raised the minimum wage and cut business taxes. A state ethics commission determined that the arrangement would be appropriate, so long as Raimondo steered clear of matters involving her investments or business associates. [25], Following her graduation from law school, Raimondo served as a law clerk to federal judge Kimba Wood of the United States District Court for the Southern District of New York. He has had a long and successful political career but there, Read More 10 Things You Didnt Know About Brian KempContinue, Jay Inslee is the current Governor of Washington. gina raimondo husband net worth. Gina Raimondo's net worth is estimated to be around $300 million USD . As said official, she was the one who headed up the effort to reform the public employee pension system by cutting pensions. By Alexa Gagosz Globe Staff, Updated May 6, 2021, 11:27 a.m . It produced mediocre returns, averaging 5.4% annually, according to state records. The couple first met while studying at Oxford University in England. jack gee, jr Uncategorized. Ms. Raimondo grew up in Rhode Island in a close-knit Roman Catholic family, raised partly by a brother 13 years her senior who recalled wrestling with her and throwing her in the water at the beach. She was afraid of pretty much nothing, said her brother, Dr. Thomas J. Raimondo, a pulmonologist in Warwick, R.I. I think because we brought her up tough, but No. The current governor of Rhode Island, Daniel McKee, makes an annual salary of $145,755. Apart from politics, Gina is active in social works as well. Raimondo tweeted: "Rhode Island may be small, but our economy is mighty . Healey.[47]. How Ms. Raimondo handles that task will have big implications for the United States economy going forward. As a subscriber, you have 10 gift articles to give each month. The auditor's report found that [the contract with Deloitte] was poorly written, poorly overseen and poorly executed. Ms. Raimondos work has earned her praise from Republicans and Democrats, along with labor unions and corporations. On the orders of Raimondo, the UHIP launch occurred as planned despite these federal warnings. Pete Buttigieg is the U.S. Secretary of Transportation. 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