VIDEO: Raimondo's "60 Minutes" Feature to Air Sunday

GoLocalProv News Team

VIDEO: Raimondo's "60 Minutes" Feature to Air Sunday

Gina Raimondo's rise from RI General Treasurer to US Secretary of Commerce PHOTO: GoLocal
U.S. Secretary of Commerce — and former Rhode Island Governor — Gina Raimondo will be featured on CBS’ “60 Minutes” airing on Sunday. 

"Since taking office as the U.S. Secretary of Commerce under the Biden administration, Gina Raimondo has turned the second-tier agency into a center of national security, manufacturing, and job creation. Sunday," wrote CBS in its teaser. 

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The segment has been months in the making. 

As GoLocal reported in October, “60 Minutes Is Featuring Raimondo — and Critics Worry Show Will Ignore Her Pension Policies.

Raimondo has become the darling of the national media. In August, GoLocal wrote about Raimondo's emergence. "Former Rhode Island Governor Gina Raimondo is headed to China on a high-profile trip -- and is being watched across the globe.

She was the top story on the front page of the Wall Street Journal and New York Times. “Everyone Wants to Talk to Gina Raimondo – Even China,” was the WSJ headline.

The Wall Street Journal wrote, “Gina Raimondo is seizing her moment. The commerce secretary is heading to China this weekend for a four-day trip that will test her policy-making and diplomatic skills as well as her vision for what the Commerce Department can accomplish. A successful trip could help any ambitions Raimondo holds to advance in U.S. politics.”

GoLocal spoke with top Wall Street whistleblower Ted Siedle, who has secured more than $75 million in federal payments, and who tore apart Raimondo’s controversial pension reform in his report “License to Steal.” 

“She’s clearly a good student, but everything she’s done, from money management as a so-called VC, and her work at the pension fund — was horrible, and as far as I can see, she doesn’t have any other constituent than Wall Street," said Siedle in October. He confirmed today that he was never interviewed by 60 Minutes.

U.S. Secretary of Commerce -- and former RI Governor -- Gina Raimondo will be featured on "60 Minutes" on Sunday. PHOTO: CBS YouTube screengrab
“Prior to Raimondo’s costly hedge fund gamble, disclosed pension expenses amounted to approximately $11 million annually.  As I noted in my 2013 report, as a result of loading up on hedge funds, the pension’s total investment expenses 'may already, or in the near future, amount to a staggering almost $100 million annually— an amount far in excess of the $5 million cost of conservatively indexing or passively managing the Fund’s assets.' So, under Raimondo, investment fees paid to her pals on Wall Street grew a staggering 10-fold,” he wrote in a column published in GoLocal.

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