Obama-Biden Transition Team spokeswoman Stephanie Cutter says, "Penny Pritzker is a trusted adviser and valued friend to the President-elect, and played a critical role in his campaign. She would be an enormous asset to an Obama administration, given her experience in business and economic growth, but has decided that, given her family and business commitments, she is not interested in serving at this time. She’ll continue to be a close economic advisor to the president-elect and his team."
And an Obama aide adds, "Penny Pritzker was never submitted for a vet, because she indicated she was not interested in serving at this time. The reports over the last 24 hours are simply not true."