At a Glance
- Career History:
Managing Director of MacFarlane Partners (2006 to 2009); Principal
at Red River Associates (2003 to 2006); Director of Economic
Development for Oakland, Calif. (2001 to 2003)
- Alma Mater:
Harvard University, B.A. (sociology, romance languages and
- DC Office:
1500 Pennsylvania Avenue, NW Washington, D.C. 20220; Phone: (202)
- Web site
Path to Power
As a child, Rios lived in a packed house, growing up among eight
siblings. The family's only breadwinner was Rios' mother, whom Rios
still calls "my pillar of strength."
Raised in Hayward, Calif., Rios took advantage of her mother's
efforts, attending Harvard University. After graduating in 1987 with
a bachelor's in sociology and romance languages and literature, Rios
joined the San Francisco-based General Reinsurance as a commercial
property underwriter. After her time with the reinsurance company,
Rios moved to Union City, Calif., as a manger of the city's
redevelopment agency before becoming a development specialist for
San Leandro, Calif. In 1997, Rios joined the city of Freemont,
Calif. as its director of economic development.
As treasurer, Rios advises Treasury Secretary Timothy Geithner,
Deputy Secretary Neal S. Wolin, Director of the U.S. Mint Edmund C.
Moy and Director of the Bureau of Engraving and Printing Larry R.
Felix on issues related to coinage and currency. You'll soon find
her signature alongside Geithner's on all new U.S. bills, which
makes the paper currency legal tender. But Rios' most time-consuming
task will be spreading financial literacy throughout the U.S. and
acting as a spokesperson for Obama's economic policies.
Athletics Baseball Stadium
In 2002, Rios backed a plan pushed by Oakland, Calif. City Manager
Robert Bobb to build a baseball stadium in downtown Oakland. The new
field would house the Athletics baseball organization, assuring that
the team would stay in the city. But Mayor Brown wanted to create a
new housing development on the same plot of land. Bobb and Brown
argued over the plans, but eventually the mayor won. A year later,
Brown forced Bobb to step down and fired Bobb's closest allies in
the administration, including Rios. Brown cited the pace of downtown
development as cause for firing Rios. Reports attributed the
termination to the fight over the baseball stadium.
Rios joins the Treasury, reporting to Secretary Timothy Geithner
and Deputy Secretary Neal S. Wolin. Rios will work closely with
Assistant Secretary for Financial Institutions Michael Barr. Rios
will also advise the Director of the U.S. Mint Edmund C. Moy and
Director of the Bureau of Engraving and Printing Larry R. Felix.
During the 2008 campaign, Rios worked in Virginia, convincing
Hispanic voters to side with Obama. Now-Director of Organizing for
America Mitch Stewart was the state director in Virginia.
Rios has not donated money to any political campaign, according
to the Center for Responsive Politics.