Pethokoukis leaving US News for Reuters

James Pethokoukis, managing editor of the Money & Business section at U.S. News & World Report, has quit to join Reuters commentary team as a columnist based in Washington, D.C., covering U.S. economic policy, regulation and the economy.

Pethokoukis will report into Jeffrey Cane, U.S. editor, commentary, and will start on May 18.

Pethokoukis has been a writer and blogger for U.S. News & World Report since 1997, as well a contributor to CNBC. Previously, he worked at USA Today and Investor’s Business Daily. Pethokoukis is a 1989 graduate of Northwestern University, where he double majored in Soviet politics and American history, and is a 1991 graduate of the Medill School of Journalism.

“The credit crisis has tilted the balance of U.S. financial power away from New York and towards Washington, so the hiring of James Pethokoukis, who will cover the Capitol and its environs, is an essential plank in our plans to build a commentary team that will focus on the biggest stories in financial markets globally,” said Jonathan Ford, global commentary editor, in a statement. “James will contribute to all parts of the service we are building. He will post to our global financial blog and will also write longer columns on the evolving debate. I am very excited to have him aboard.”

“I am extremely excited to be joining the world’s premier news organization,” said Pethokoukis. “The commentary service is an amazing opportunity both for both Reuters and me, personally.”