USA

US Senate Expected to Confirm Mnuchin as Treasury Secretary

US Senate Expected to Confirm Mnuchin as Treasury Secretaryā€¯

A Senate committee vote on Treasury Secretary nominee Steven Mnuchin has been pushed to Tuesday morning.

The Senate continued pushing through President Donald Trump's Cabinet Monday by backing financier Steven Mnuchin to be secretary of the Treasury, despite howls from Democrats who characterized the producer of such Hollywood fare as "Batman v Superman: Dawn of Justice" as a villain who feasted on unfair foreclosures. The Senate voted almost along party lines, with only West Virginia's Joe Manchin breaking from his Democratic colleagues, who had previously labeled Mnuchin "greedy" and dubbed him the "foreclosure king". Joe Manchin (W.Va.), voting in favor of the former Goldman Sachs banker and 47 Democrats voting in opposition.

As part of a deal that allowed Mnuchin and McMahon to be put to a final vote, the Senate also late February 13 voted to confirm the nomination of David Shulkin to be secretary of Veterans Affairs. The vote was 100-0.

"Mr. Mnuchin's entire career can be effectively summarized in one line: privatizing profits and socializing losses", said Sen.

More news: Mexican woman deported after routine immigration check

Republicans lauded Mnuchin's lengthy experience in the field.

Senators confirmed Mnuchin late February 13 and were set to consider early February 14 the nomination of Linda McMahon to head the Small Business Administration.

"He has experience managing large and complicated private-sector enterprises and in negotiating hard compromises and making tough decisions - and being accountable for those decisions", said Sen.

When pressed by Democrats to explain the omissions, Mnuchin said: "I did not use a Cayman Island entity in any way to avoid taxes for myself". Senate Democratic Leader Chuck Schumer and Sen. Republicans on the committee broke with protocol and pushed Mnuchin's vote to the Senate floor after a boycott by Democrats.

More news: Russian Federation and Turkey offer conflicting reports on Turkish soldiers' death

Democrats had argued that Mr Mnuchin had made a fortune foreclosing on families during the financial crisis.

Treasury and White House representatives did not respond to requests for comment late on Sunday on a Bloomberg report that Trump would soon nominate David Malpass, a former economist at failed Wall Street bank Bear Stearns, as Treasury undersecretary for global affairs. "That's a broken promise".

Mnuchin's confirmation vote was contentious, but far less dramatic and the criticism more muted than with Trump's Education Secretary Betsy DeVos and Attorney General Jeff Sessions.

More news: Twilio Inc Receives a New Rating from Top Analyst



Like this

Latest


14 February 2017
Victor Cruz, Rashad Jennings cut by Giants in salary-cap moves
A former seventh-round pick by the Jaguars, he previously spent four seasons in Jacksonville and one in Oakland. There was a time when New York Giants wide receiver Victor Cruz was pretty close to elite if he wasn't elite.

14 February 2017
FDA approves muscular-dystrophy drug costing $89000 in the US
Clinical studies of the drug deflazacort showed improvement in muscle strength compare to those who took a placebo. This particular drug is meant to treat a disease that impacts about 12,000 boys each year in the United States.

13 February 2017
Sprint Offering 5 Lines of Unlimited Data for $90 Per Month
If you're now on an unlimited plan with AT&T, you could save up to $180/month when you switch five lines to Sprint . Sprint announced its new plan on February 10 and it will entitle the carrier's subscribers to plenty of benefits.

13 February 2017
Classic Hot Wheels cars are coming to 'Rocket League'
The Rocket League Hot Wheels DLC features, erm, Hot Wheels cars in Rocket League . It's no surprise then, that some toy cars have now made their way into the game.

12 February 2017
Mark Warburton: Rangers are lucky to have someone of Frank McParland's quality
THERE is confusion over the announcement that Mark Warburton has resigned as Rangers manager. "He is head of our recruitment".

11 February 2017
Trump might designate IRGC, Muslim Brotherhood terror groups
The IRGC is one military force of the Islamic Republic of Iran which reports directly to the supreme leader, Ayatollah Khamenai. The administration has since indefinitely delayed the order in response to concerns from US defense and intelligence officials.

10 February 2017
The Crown Has Found its John F. Kennedy for Season 2
As their affair continues, his bohemian and sexually liberal lifestyle is put at risk by his proximity to the establishment. The Crown has already proved an global hit and saw lead star Claire, 32, bagged a Golden Globe Award for her portrayal.

10 February 2017
Blogger forced to pay 'substantial sum' to Melania Trump in defamation lawsuit
Trump had previously filed against blogger Webster Griffin Tarpley, who posted about the allegations, and Mail Media in Maryland. It remains to be seen how Melania will continue her career while husband Donald Trump is in the White House.

10 February 2017
Mohamed Abdullahi Elected as Somalia's New President
Instead, some 14,000 elders and regional figures chose 275 members of parliament and 54 senators to decide the election. The vote was held behind the blast walls of the airport due to security concerns, following Tuesday night's attacks.

08 February 2017
Japan's fishing line experiment in space fails to make a catch
It's a frustrating setback given the mounting risks posed by the almost two million bits of junk now swirling around our planet. Bits of retired satellites, metal expelled from rockets, and abandoned equipment make up this ominous cloud of debris.



Recommended