November 29, 2016 8:30 pm

Donald Trump to name ex-banker Steven Mnuchin new treasury secretary

Steven Mnuchin arrives at Trump Tower, November 15, 2016 in New York City.


President-elect Donald Trump will nominate Steven Mnuchin to be the nation’s 77th treasury secretary, a person familiar with the decision says.

Mnuchin is a financial executive who served as head of Trump’s campaign finance operation.

When Mnuchin was chosen by Trump as his national finance director in May, he told The Associated Press the two men had been friends for 15 years.

READ MORE: Donald Trump announces his team of economic advisers

If approved by the Senate, Mnuchin would follow in the tradition of two previous treasury secretaries, who all spent years working at Wall Street powerhouse Goldman Sachs. He would bring no government experience to the job.

The person familiar with the decision would only discuss it on condition of anonymity because the person was not authorized to reveal it ahead of the official announcement.

© 2016 The Canadian Press

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