Treasury

Mnuchin: Foreign Groups ‘On Notice’ About Business With North Korea

Treasury Secretary Steven Mnuchin discussed the Trump administration’s new sanctions on North Korea, saying the order sends a message that foreign financial institutions are “on notice.”

Warren Supports Former Rival Brown for Top VA Post
Also says she would support Mitt Romney if Donald Trump nominates him for secretary of State

Sen. Elizabeth Warren, D-Massachusetts told reporters that former Republican Sen. Scott Brown, who she beat in 2012, is the right man for the job. (Tom Williams/CQ Roll Call)

Massachusetts Sen. Elizabeth Warren said Thursday she would endorse former political rival Scott Brown for Veteran Affairs secretary, surprising many who knew the pair as bitter campaign rivals. 

In an interview with Boston public radio station, WGBH, Warren told reporters she believed Brown was the right man for the job.

Trump Picks Mnuchin as Treasury Secretary
Hedge fund executive was president-elect's campaign finance chairman

President-elect Donald Trump on Wednesday named former Goldman Sachs partner Steven Mnuchin to be Treasury secretary. Mnuchin, 53, was Trump’s campaign finance chairman and an early supporter with ties to Wall Street.

“Steve Mnuchin is a world-class financier, banker and businessman, and has played a key role in developing our plan to build a dynamic, booming economy that will create millions of jobs,” Trump said in a statement. “His expertise and pro-growth ideas make him the ideal candidate to serve as Secretary of the Treasury.

Hensarling Seen to Vie With Mnuchin for Trump Treasury Pick
An architect of legislation with GOP ties or an emissary to Wall Street?

Texas Rep. Jeb Hensarling has an important ally in Vice President-elect Mike Pence, chairman of the Trump transition team. (Bill Clark/CQ Roll Call file photo)

President-elect Donald Trump could face a classic choice between a Wall Street insider and a GOP strategist — investor Steve Mnuchin and House Financial Services Chairman, Texas Republican Jeb Hensarling — as he moves to replace outgoing Treasury Secretary Jacob J. Lew.

Trump advisers such as investor Carl Icahn and Stephen Moore, a visiting fellow at the Heritage Foundation, describe Mnuchin, Trump’s campaign finance director, as the front-runner for the Treasury post. But GOP allies of Hensarling — including Senate Majority Whip John Cornyn, Sen. Ted Cruz and former Sen. Phil Gramm, all fellow Texans — say they believe Hensarling has emerged as a strong challenger after meeting with Trump on Thursday.

Trump‘s Treasury Hopefuls Steeped in Wall Street Experience
Some pushback from liberals expected

House Financial Services Chairman Jeb Hensarling, R-Texas, has been mentioned as a possible pick for Donald Trump’s Cabinet. But “serving in his Cabinet is not something I’ve indicated an interest in and it’s not something I am pursuing,” he said. (Bill Clark/CQ Roll Call file photo)

President-elect Donald Trump's potential candidates for Treasury secretary are being praised for their business experience, while consumer advocates are probing their past investments and work on Wall Street.

Steve Moore, an economic adviser to Trump, said in an interview that Steve Mnuchin, the Republican's campaign finance chairman and a former Goldman Sachs executive, would be a front-runner for Treasury secretary. Other potential candidates could include billionaire investor Wilbur Ross, chairman of a private equity firm, and Lawrence Kudlow, a CNBC commentator and former chief economist for Bear Stearns, according to Moore.

Alexander Hamilton Gets Reprieve, Harriet Tubman on $20 Bill
Hero of the Underground Railroad to replace Andrew Jackson after outcry

Hamilton College mascot "Alex," aka Alexander Hamilton, poses on the House steps holding a sign to save Alexander Hamilton on the $10 bill in September. (Bill Clark/CQ Roll Call file photo)

Alexander Hamilton's place on the $10 bill appears to be safe, but President Andrew Jackson will lose his spot on the front of the $20 bill to Harriet Tubman, Treasury Secretary Jacob J. Lew announced Wednesday.  

The decision provoked sheer delight among both Hamilton fans and advocates for a woman's face on U.S. currency.