Steven Mnuchin, President-elect Donald Trump’s nominee to lead the Treasury Department “initially failed to disclose his interests in a Cayman Islands corporation as well as more than $100 million in personal assets,” the Washington Post reports.
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.”
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.”