ADVERTISEMENT
About Our People Legal Stuff
Steven Mnuchin (left) and Wilbur Ross (AP photos)

Steven Mnuchin and Wilbur Ross are confirmed as Trump's economy team for cabinet

0

Two more potential members of President-elect Donald Trump's cabinet were confirmed Wednesday morning, along with one Deputy Secretary.

Steven Mnuchin, a former Goldman Sachs partner and film producer, was named as Trump's pick for Treasury Secretary. Mnuchin was long expected to be picked for the role.

Wilbur Ross, a billionaire investor, was named as Trump's pick for Commerce Secretary.

Businessman Todd Ricketts was announced as Deputy Secretary of Commerce.

Here are Mnuchin and Ross on set together.

A film producer 

During the campaign, Mnuchin was Trump's national finance chairman, a role that required him to lead the campaign's efforts to raise money. Previously, he produced movies like "Batman v. Superman: Dawn of Justice," and "Mad Max: Fury Road." He will help Trump draft tax reform.

During the campaign, Trump bashed Hillary Clinton for her ties to Wall Street, Mnuchin is Trump's second appointment who has spent time at Goldman Sachs -- Senior Advisor Steve Bannon also worked there. 

Mnuchin is a world-class financier, banker and businessman.
Donald Trump

In a statement announcing Mnuchin, Trump said: 

"His expertise and pro-growth ideas make him the ideal candidate to serve as Secretary of the Treasury. He purchased IndyMac Bank for $1.6 billion and ran it very professionally, selling it for $3.4 billion plus a return of capital. That’s the kind of people I want in my administration representing our country."


A corporate 'turnaround' financier

Ross was a Trump donor during the campaign, but his relationship with Trump pre-dates the campaign -- he was involved in helping Trump's Taj Mahal casino recover from bankruptcy in the '90s. 

One of Ross's biggest successes was the creation of International Steel Group in 2002 out of the ashes of three bankrupt steel companies. He later sold it for a profit of $260 million. He also invested in European banks during the recession and saw a profit.

Wilbur Ross is a champion of American manufacturing and knows how to help companies succeed.
Donald Trump

When announcing Ross, Trump said in a statement: "[Ross] is one of the greatest negotiators I have ever met, and that comes from me, the author of 'The Art of the Deal.' Together, we will take on the special interests and stand up for American jobs."

Last night, Trump announced he convinced Carrier not to outsource jobs out of the U.S.

The Cubs owner

Ricketts, the owner of the Chicago Cubs, originally supported Wisconsin Gov. Scott Walker in the GOP primaries and a group opposed to Trump. But once Trump won the nomination, Ricketts turned to support the President-elect.

Ricketts is the brother Pete Ricketts, the current governor of Nebraska. 

The Speech That Will Make Donald Trump President

WATCH  | Ross' success with steel speaks to Trump's desire to create more U.S. manufacturing jobs. In one campaign speech, he promised to put "new American steel into the spine of this country." International Steel Group was sold to a Europe-based company.

Carl Icahn, another pro-Trump billionaire, said both would be "great choices."

Steven Mnuchin and Wilbur Ross were confirmed as Trump's economy team for cabinet

WATCH  | For the news you need, check out our 60 Second Circa.

Comments
Read Comments
Comments
ADVERTISEMENT
Facebook Twitter Instagram Pinterest Linked In List Menu Enlarge Gallery Info Menu Close Angle Down Angle Up Angle Left Angle Right Grid Grid Play Align Left Search Youtube Mail Mail Angle Down Bookmark