SEC's Clayton stumbles on timeline of New York prosecutor's job

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SEC's Clayton stumbles on timeline of New York prosecutor's job
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Appearing before U.S. lawmakers, Securities and Exchange Commission Chairman Jay Clayton stumbled when asked at what point he was informed about his potential nomination for the top federal prosecutor’s job in New York

WASHINGTON - Appearing before U.S. lawmakers less than a week after his potential nomination for the top federal prosecutor’s job in New York sparked a political storm, Securities and Exchange Commission Chairman Jay Clayton on Thursday stumbled when asked at what point he was informed he had been picked for the role.

“It was the weekend of June 12 and was entirely my idea. This is something I had been thinking about for several months as a possible continuation of public service,” Clayton said in a hearing before the U.S. House of Representatives Financial Services Committee.on Friday that Berman was stepping down and would be replaced by Clayton.

Only after Barr backtracked from his plan to handpick Berman’s temporary replacement, allowing Deputy U.S. Attorney Audrey Strauss to take the reins, did Berman agree to step down on Saturday.

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