President-elect Donald Trump will nominate investor and former Goldman Sachs executive Steven Mnuchin to be his administration’s treasury secretary. Mnuchin has no government experience but served as the finance chairman of Trump’s campaign. He also helped Trump develop his proposal to overhaul the tax code. Trump also picked businessman Wilbur Ross as commerce secretary, and Elaine Chao, who served as labor secretary under former President George W. Bush, as his transportation secretary. If confirmed, Chao, who is married to Senate Majority Leader Mitch McConnell (R-Ky.), will supervise one of Trump’s first major priorities — the investment of $1 trillion in roads, bridges, and other transportation infrastructure.
Trump's pick for Treasury Secretary made over $3 million from Bernie Madoff's Ponzi scheme. https://t.co/32J1QrsDCz
— Judd Legum (@JuddLegum) November 30, 2016