Trump Picks Mnuchin for Treasury Secretary

Steven Mnuchin, “a financier with deep roots on Wall Street and in Hollywood but no government experience, is expected to be named Donald Trump’s Treasury secretary as soon as Wednesday,” the New York Times reports.

“As Treasury secretary, Mr. Mnuchin would play an important role in shaping the administration’s economic policies, including a package of promised tax cuts, increased spending on infrastructure and changes in the terms of foreign trade. He could also help lead any effort to roll back President Obama’s nuclear deal with Iran and opening to Cuba by reimposing sanctions on Tehran and Havana.”