Pennsylvania's New State Treasurer Reports for Duty

Pennsylvania's new state treasurer spent his first day on the job Monday.

Tim Reese, who was nominated by Gov. Tom Wolf to complete the treasurer's term, reported to work at the Treasury Department on Monday morning. The 51-year-old former venture capitalist from the Philadelphia suburbs was confirmed by the state Senate on Friday.

Reese will serve the 18 months left in the term of former Treasurer Rob McCord, a Democrat who resigned Jan. 30 before pleading guilty two federal counts of attempted extortion.

McCord admitted trying to use his position to pressure state contractors into donating money to his failed gubernatorial campaign.

Reese has said he would not run for a full term as treasurer in 2016.

Copyright AP - Associated Press
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