Rohit Kumar, 39, who came up with a way to sell a USD 700 billion bank bailout to anxious lawmakers in 2008 when the financial system was collapsing, will quit from the post today as the chief negotiator for Senate Minority Leader Mitch McConnell of the Republican party.
As Congress braces for a possible government shutdown next month and the fresh danger of default before Thanksgiving, the departure of Kumar is a huge loss, the Washington Post reported.
In addition to losing Kumar, McConnell has lost his longtime floor general, Dave Schiappa, who left after nearly three decades to take a job as vice president at the Duberstein Group, a downtown lobbying firm.
Speaker of the House of Representatives John A Boehner has lost his chief negotiator, Brett Loper, a policy expert who came close to hammering out a grand bargain with the White House in 2011. Loper left in June to become a lobbyist for American Express.
He is taking time off to be a stay-at-home dad to his 3-year-old daughter, Kiera.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
