The Deal
Saturday, November 21, 
7:48 pm

N.J. Congressman may join Goldman Sachs

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Goldman Sachs headquarters at 85 Broad Street in New York CityU.S. Rep. Robert Andrews, D-N.J., is talking with Goldman Sachs about going to work for the firm and, who knows, maybe in January he'll report to 85 Broad Street -- assuming he doesn't change his mind and run for governor in 2009.

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Congressional trade publication Roll Call reports that Andrews late last week informed the House ethics committee that he is negotiating with Goldman and has recused himself from policy issues that could pose a conflict of interest. One thing Andrews' job search does make clear is that he's leaving Capitol Hill despite uncertainty among Garden State Democrats about who should take his place on the ballot in November.

The South Jersey lawmaker surprised Democratic leaders by challenging Sen. Frank Lautenberg in the primaries, a race Andrews subsequently lost by a wide margin in June. Complicating matters, Andrews' wife Camille ran for his congressional seat, but only as a placeholder to give party honchos time to pick an experienced politician to succeed her husband. Camille ended up winning big, leading to calls that she run in November.

Although Andrews has said he would not return to Congress if he lost to Lautenberg, there was hope among Jersey Democrats that he'd change his mind.

Even if he doesn't return to the Capitol, there is no guarantee that Andrews will join Goldman Sachs next year, as much could change between now and January. Should Democratic presidential candidate Sen. Barack Obama win the election, there is chatter in the Garden State that Governor Jon Corzine, who happens to be a Goldman alum, could be tapped for a cabinet position. If so, Andrews may seek residence at Drumthwacket. - Bill McConnell

 

See story from Roll Call (subscription required)
See story from The Newark Star-Ledger
See related story about Corzine from The Star-Ledger
See editorial about Camille Andrews from the Philadelphia Inquirer





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