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Treasury Secretary-designate Steven Mnuchin testifies on Capitol Hill in Washington, Thursday, Jan. 19, 2017, at his confirmation hearing before the Senate Finance Committee. (AP Photo/J. Scott Applewhite)

Trump's Treasury pick Steven Mnuchin faces a Senate vote today. Here's what to expect.


Steven Mnuchin, President Trump's pick for Treasury Secretary,  will face a Senate confirmation vote Monday evening.

He's likely to be confirmed since Republicans hold the majority in the Senate. While dogged by accusations of failing to disclose his finances, he is less controversial than Education Secretary Betsy DeVos, approved in a historic tiebreaker vote. 

The Senate is also set to vote on David Shulkin to head the Department of Veterans Affairs.

This Treasury nominee is smart. He's capable, and he's got impressive private-sector experience. We need him confirmed as soon as possible.
Sen. Mitch McConnell (R-KY)

The case for Mnuchin

Mnuchin, a former Goldman Sachs executive, impressed Republicans with his long tenure at the financial giant.  

The case against him

But leading Democrats see that Wall Street experience as a negative. Sen. Elizabeth Warren (D-MA) called him the "ultimate Wall Street insider" and questioned his willingness to enact regulations that would hinder "his old buddies." 

They also complained that he did not disclose nearly $100 million in assets in financial disclosure forms. 

Mnuchin 2.jpg
Treasury Secretary-designate Steven Mnuchin arrives on Capitol Hill in Washington, Thursday, Jan. 19, 2017, to testify at his confirmation hearing before the Senate Finance Committee. Mnuchin built his reputation and his fortune as a savvy Wall Street investor but critics charge that he profited from thousands of home foreclosures as the chief of a sub-prime mortgage lender during the housing collapse. (AP Photo/J. Scott Applewhite)

Mnuchin was also criticized for his tenure at OneWest Bank. Democrats claim he didn't protect homeowners from foreclosures. Mnuchin said he worked hard to help homeowners and called the missing $100 million an "oversight."

Senate Minority Leader Chuck Schumer (D-NY) said he wouldn't vote for Mnuchin.


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