Steven Mnuchin

Mnuchin Won’t Fill Deputy Treasury Post

Treasury Secretary Steven Mnuchin “has no plans to fill the No. 2 slot in his department after two candidates for the job dropped out of the running,” Politico reports.

“The department made the surprising announcement after Brian Brooks withdrew from consideration for deputy Treasury secretary, according to several people familiar with his decision. In May, Goldman Sachs executive Jim Donovan dropped out due to family concerns.”

Cohn and Mnuchin Risk Destroying Their Reputations

David Leonhardt: “Within the administration, there are real differences among how top officials have behaved and how they are perceived. Several — Tom Price, Reince Priebus, Sean Spicer and Rex Tillerson — have badly sullied their standing with virtually everyone outside the administration. After long careers, they have turned themselves into punch lines.”

“The clearest exception is Jim Mattis, the defense secretary. Mattis has done so partly by avoiding scandal and minimizing conflicts with Trump. But he has also been careful to set his own ethical boundaries. Can you recall a single time when Mattis has said something outright untrue? I can’t. That’s how he has retained his dignity in the eyes of so many people.”

“Cohn and Mnuchin have started to risk theirs. This column is a plea to them: Please stop, for everyone’s sake, including yours.”

Cohn and Mnuchin Differ on Tax Reform Progress

“The Trump administration is sending mixed signals on how far along negotiators are on a tax reform plan,” Politico reports.

“National Economic Council Director Gary Cohn said on CNBC Friday that only outlines have been set so far. That seemed to contradict Treasury Secretary Steven Mnuchin, who told CNBC Thursday “we have a very detailed plan” that would come out later in September.”

Mnuchin Won’t Commit to Harriet Tubman on $20 Bill

Treasury Secretary Steven Mnuchin told CNBC he would not commit to his predecessor’s pledge to remove President Andrew Jackson from the twenty-dollar bill and replace him with Harriet Tubman.

Said Mnuchin: “People have been on the bills for a long period of time. This is something we’ll consider; right now we have a lot more important issues to focus on.”

Treasury Will Run Out of Money In September

Treasury Secretary Steven Mnuchin said the Treasury Department “only has enough money to fund the government through early September, a much earlier timeline than many analysts had projected,” the Washington Post reports.

“Mnuchin’s comments, made at a congressional hearing, came in response to a question about the debt ceiling, which is preventing Treasury from borrowing enough money to cover the large gap between how much money the government brings in through revenue and how much it spends.”

Senator Seeks Probe of Mnuchin’s Movie Plug

Sen. Ron Wyden (D-OR) asked the government ethics watchdog to review comments by Treasury Secretary Steven Mnuchin plugging The Lego Batman Movie, a film one of his companies produced, for a possible ethics violation, Reuters reports.

Mnuchin had agreed to divest his interests in Ratpac-Dune Entertainment Holdings LLC within 120 days of his confirmation, and “not participate personally and substantially in any matter that has a direct and predictable effect on the financial interests of the entity” unless first obtaining a waiver.

Treasury Staff Picks Stalled at White House

“Steven Mnuchin’s picks for the top ranks of the U.S. Treasury are stalled due to resistance from White House aides, including one recruit whose Twitter account was scrutinized for potential criticism of Donald Trump,” Bloomberg reports.

“Bogged down are Mnuchin’s choices for his senior management team — deputy secretary, undersecretaries for domestic finance and international affairs, general counsel and several other posts, these people said. Mnuchin has complained privately to friends that President Trump’s advisers are hindering him as he tries to get the Treasury up and running.”

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.”

Ex-Goldman Partner Seen as Trump’s Treasury Secretary

Former Goldman Sachs partner Steven Mnuchin “has been recommended by Donald Trump’s transition team to serve as Treasury secretary, according to two people familiar with the process, and the choice is awaiting the president-elect’s final decision,” Bloomberg reports.

“Mnuchin, the campaign’s national finance chairman, has been considered the leading candidate for the job. Trump has displayed a pattern of loyalty to his closest campaign allies in early administration selections, and Mnuchin, 53, had signed on at a time when many from Wall Street stayed away.”