Senate Panel Approves Mnuchin as Treasury Secretary

A Senate panel is approving President Donald Trump's choice of financier Steven Mnuchin as Treasury secretary.

The approval by the Senate Finance Committee on Wednesday came over objections from Democrats who boycotted the committee vote. They have criticized Mnuchin for how he handled thousands of mortgage foreclosures at failed subprime mortgage lender IndyBank, which Mnuchin took over and renamed OneWest.

Democrats, who are demanding Mnuchin supply the committee with more information, charged that Trump's selection of a former top executive at Goldman Sachs shows that the president is not serious about keeping Wall Street greed in check.

Republicans said Mnuchin's long tenure in finance is an ample prerequisite for the Treasury job. The nomination must still be approved by the full Senate.



Add Comment

all comments

  Other news

more
British sports car maker Lotus bought by China's Geely

British sports car maker Lotus bought by China's Geely..

24-May, 08:01

Lotus, the British sports car maker, is being bought by China's Geely. ...

Dixons Carphone says consumers keep spending

Dixons Carphone says consumers keep spending..

24-May, 05:42

Sales at mobile phone retailer Dixons Carphone rose 4% for the year to...

Syria war: Air strike near Raqqa 'kills 16 civilians'

Syria war: Air strike near Raqqa 'kills 16 civilians'..

24-May, 15:01

At least 16 civilians have been killed in a US-led coalition air strike...

Jason Manford DELETES Twitter account after he is forced to defend tearful Facebook video response to horrifying Manchester bomb attack

Jason Manford DELETES Twitter account after he is forced to defend tearful Facebook video..

24-May, 07:56

Following the dreadful terrorist attack in his home of Manchester,...

Xi urges restraint on N. Korea in phone call with Trump

Xi urges restraint on N. Korea in phone call with Trump..

24-Apr, 00:52

Chinese state media say President Xi Jinping has called for restraint...

Oscars 2017: Predicting the Winners

Oscars 2017: Predicting the Winners..

24-Feb, 04:10

"La La Land" is the first film in years to dominate Academy Award...

Sarah Silverman explains why she chose career over kids

Sarah Silverman explains why she chose career over kids..

28-Feb, 12:26

Sarah Silverman is speaking out about the "sacrifice" she had to make to...

Nevada biologist sues bear activists for defamation

Nevada biologist sues bear activists for defamation..

06-May, 13:00

A longtime Nevada biologist is suing bear protection advocates at Lake...