W. Michael Blumenthal

Moving first to Shanghai, then to the U.S., as a refugee from Nazi Germany, W. Michael Blumenthal went on to serve under President Carter as United States Secretary of the Treasury. In a difficult time when the U.S. dollar had declined and inflation was rising, Blumenthal guided national fiscal policy and supported the President in his pledge to assist New York in its fiscal crisis. He also served as Deputy Assistant Secretary of State for Economic Affairs under President Kennedy. Updated 2009