By Ylan Q. Mui:
Treasury nominee Steven T. Mnuchin spent 17 years working at Goldman Sachs, part of what President-elect Donald Trump once called the “global power structure” that has “robbed” American workers. Mnuchin’s financial disclosures revealed ties to business entities in tax havens such as the Cayman Islands and Anguilla. Mnuchin managed a California bank accused of aggressively foreclosing on senior citizens — and then sold it for billions of dollars.
In previous presidential administrations, any one of those items might have been enough to sink a Cabinet nominee. But after a testy five-hour confirmation hearing Thursday, Mnuchin emerged bruised but not battered, upbeat and smiling as he left behind a gaggle of reporters to begin the countdown until Trump takes his place in the White House.
“You’ve certainly impressed a lot of people here, especially me,” Senate Finance Committee Chairman Orrin G. Hatch (R-Utah) told Mnuchin as the hearing wrapped up. “We’re going to help you get through this ordeal. You have friends on this committee on both sides of the aisle.”
Many of Trump’s choices to fill his Cabinet are facing sharp criticism of their records and questions about potential conflicts of interest. But at least so far, none of those potential red flags have emerged as roadblocks to confirmation.
The Full Story (January 19, 2017)
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