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2/13/17

US Senate confirms former banker Mnuchin as Treasury secretary and puts Dracula in charge of the blood bank

A bitterly divided Senate on Monday confirmed Steven Mnuchin as treasury secretary despite strong objections by Democrats that the former banker ran a "foreclosure machine" when he headed OneWest Bank.

Republicans said Mnuchin's long tenure in finance makes him qualified to run the department, which will play a major role in developing economic policy under President Donald Trump.

"He has experience managing large and complicated private-sector enterprises and in negotiating difficult compromises and making tough decisions — and being accountable for those decisions," said Sen. Orrin Hatch, R-Utah, chairman of the Finance Committee.

Votes on President Donald Trump's Cabinet picks have exposed deep partisan divisions in the Republican-controlled Senate, with many of the nominees approved by mostly party-line votes.

Read more: Senate confirms former banker Mnuchin as Treasury secretary

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