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You are here: Home / Trump Transition / Wealth of Trump Cabinet Could Slow Confirmation Process

Wealth of Trump Cabinet Could Slow Confirmation Process

December 26, 2016 at 9:01 pm EST By Taegan Goddard Leave a Comment

“The concentration of wealth among president-elect Donald Trump’s nominees is setting up an arduous and expensive Senate confirmation process that could slow implementation of the White House agenda,” the Wall Street Journal reports.

“The Republican has so far appointed five billionaires and half a dozen multimillionaires to serve in his administration. To win confirmation, they will be required to disclose their financial holdings and divest themselves of any assets that could present a potential conflict of interest with their new posts.”

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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