US Senate Confirms Former Goldman Sachs Banker Steven Mnuchin As Treasury Secretary
- Author: Larry Hoffman Feb 14, 2017,
Feb 14, 2017, 3:21
The Senate confirmed President Donald Trump's nominee to head the Department of the Treasury, Steven Mnuchin, Monday.
Steven Mnuchin was confirmed as the 77th USA treasury chief in the upper chamber by a vote of 53-47.
Democrats boycotted a Finance Committee vote on Mnuchin's nomination, prompting Republicans to advance his nomination by suspending committee rules.
Mnuchin, 54, will need to build a team of officials quickly to handle a Group of 20 finance ministers meeting in March and make decisions on how far to roll back the Dodd-Frank Wall Street reform law enacted during the Obama administration with the aim of preventing a repeat of the financial crisis. No Republican voted against Mnuchin. Manchin was also the only Democrat to vote for Attorney General Jeff Sessions' confirmation. Republicans argue that Mnuchin is well-qualified to be treasury secretary because of his long experience on Wall Street, while Democrats say that same experience - including the 36,000 homeowners his bank OneWest foreclosed on after the 2008 financial collapse - is a disqualifying stain.
In truth, Soros the elder met with Democratic Party leadership in Washington D.C. during a conference a week after the November 8 presidential election to discuss the Left's strategy to sabotage President-elect Trump during his first 100 days. "That's a broken promise".
The Mnuchin fight has lacked some of the last-minute theatrics that marked confirmation battles last week - including a string of protests against Education Secretary Betsy DeVos and a surprising rebuke of Sen.
Instead, all eyes are on Labor nominee Andrew Puzder, who will come up for a confirmation hearing Thursday, nearly one week after revelations that he had hired an undocumented worker to do housework for him.
But the same deal that won him accolades from the business community and The Wall Street Journal became the main subject matter used by Progressive Change Campaign Committee (PCCC) and others who opposed his nomination.
Trump's pick for the Supreme Court, Judge Neil Gorsuch, continues his tour of Capitol Hill this week - with stops with Republican Sens.