2016-11-30



President-elect Donald Trump is expected to choose Steven Mnuchin, the national finance chairman of his campaign, to serve as Treasury secretary, The New York Times reported Tuesday.

The president-elect could make the announcement as soon as Wednesday, according to the Times.

Mnuchin is a former partner at Goldman Sachs who founded the hedge fund Dune Capital Management and began to invest in the movie business.

He has never worked in government and has close ties to Hollywood and Wall Street. He told The Times in May he has focused on the “West Coast economy” in recent years.

On the Monday after the election, Mnuchin was seen at Trump Tower, according to Business Insider.

He said he was just there “helping with the transition,” when asked what he was doing there and if he was interested in the Cabinet position.

“A lot of work to do,” Mnuchin said at the time.

American Bridge President Jessica Mackler released a statement blasting the potential pick. Mackler said the president-elect “cheered on the housing crisis” and profited from “people’s misery and foreclosures.”

“Of course he’d want Steve Mnuchin, who’s company made $3 billion off the housing crisis and was responsible for more than a third of all reverse mortgage foreclosures, to be his Treasury Secretary,” Mackler said in the statement.

“Putting a Wall Street CEO in charge of his Administration’s oversight of Wall Street is dangerous and even more proof that Donald Trump is only interested in protecting corporations at the expense of working families.”

As Treasury Secretary, Mnuchin could be hugely influential in the administration’s economic policies, such as tax cuts and increased spending on infrastructure — two proposals the president-elect has talked about on the campaign trail.

(Article by Jeremiah Jones; From The Hill)

The post Trump To Pick Mnuchin For Treasury Secretary: Report appeared first on Counter Current News.

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