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Trump eyes ex-Goldman banker Steve Mnuchin for Treasury | |
(about 1 hour later) | |
President-elect Donald Trump is expected to pick former Goldman Sachs executive Steve Mnuchin to be treasury secretary, US media suggest. | |
Mr Mnuchin, who was Mr Trump's campaign finance chairman and has no government experience, could be named on Wednesday, according to reports. | |
On Tuesday, Mr Trump picked Tom Price as health secretary and Elaine Chao as transportation secretary. | |
He is still weighing his options in filling the posts of state and defence. | |
Mr Mnuchin amassed a fortune during his 17 years at Goldman Sachs investment bank, before founding a movie production company that was behind such box office hits as the X-Men franchise and American Sniper. | |
It remains to be seen whether Mr Trump's first key economic policy move, potentially picking a consummate Wall Street insider to helm the nation's financial system, will be welcomed by supporters who were energised by the Republican's vow to "drain the swamp" of special interests. | |
Billionaire investor Wilbur Ross - known as "the king of bankruptcy" for his restructuring of failing industries - is tipped to be named as Mr Trump's commerce secretary. | |
Elaine Chao | |
Ms Chao, the wife of Senate Majority Leader Mitch McConnell, led the Labor Department from 2001-09 under President George W Bush. | |
Born in Taiwan, she was the first Asian-American woman to hold a position in a presidential cabinet. | |
The 63-year-old also served as deputy secretary of transportation in President George HW Bush's administration. | |
Ms Chao will play a crucial role under Mr Trump, who has vowed to make infrastructure spending on the country's roads, bridges and other public transit an integral part of his agenda. | Ms Chao will play a crucial role under Mr Trump, who has vowed to make infrastructure spending on the country's roads, bridges and other public transit an integral part of his agenda. |
She came to the US with her family at the age of eight and settled in New York, where her father became a shipping magnate. | She came to the US with her family at the age of eight and settled in New York, where her father became a shipping magnate. |
Tom Price | |
Mr Price, a 62-year-old congressman and orthopaedic surgeon, serves as the chairman of the House of Representatives budget committee. | Mr Price, a 62-year-old congressman and orthopaedic surgeon, serves as the chairman of the House of Representatives budget committee. |
The Georgia congressman has fiercely opposed the Affordable Healthcare Act, considered Mr Obama's flagship measure, and is expected to play a key role in efforts to dismantle the law. | |
During his election campaign, Mr Trump vowed to repeal and replace the act, but has since said he favours keeping certain provisions. | |
Mr Trump said Mr Price was a "tireless problem solver" and "the go-to expert on healthcare policy". | Mr Trump said Mr Price was a "tireless problem solver" and "the go-to expert on healthcare policy". |
Mr Price said he was looking forward to the opportunity of serving as health secretary on behalf of the American people. | Mr Price said he was looking forward to the opportunity of serving as health secretary on behalf of the American people. |
He said his aim was to create a new system that worked for patients, families and doctors, adding that it should "protect the well-being of the country while embracing its innovative spirit". | He said his aim was to create a new system that worked for patients, families and doctors, adding that it should "protect the well-being of the country while embracing its innovative spirit". |
But the appointment provoked a backlash from Democrats. | But the appointment provoked a backlash from Democrats. |
Liberal New York Mayor Bill de Blasio tweeted: "Donald Trump's HHS pick makes it clear that he wants to take away health care from the aging and the poor. It will be up to us to stop him." | Liberal New York Mayor Bill de Blasio tweeted: "Donald Trump's HHS pick makes it clear that he wants to take away health care from the aging and the poor. It will be up to us to stop him." |
Analysis by Anthony Zurcher, BBC North America Reporter | Analysis by Anthony Zurcher, BBC North America Reporter |
Donald Trump campaigned as an outsider intent on cleaning up the federal government, but his top appointments so far paint a picture of a chief executive interested in working with establishment powers to advance a traditional conservative agenda. | Donald Trump campaigned as an outsider intent on cleaning up the federal government, but his top appointments so far paint a picture of a chief executive interested in working with establishment powers to advance a traditional conservative agenda. |
The president-elect's selection of Tom Price for health and human services secretary is a perfect example, as he opted for a congressional insider with detailed knowledge of the legislative steps necessary to realise Mr Trump's stated goal of dismantling Democratic healthcare reforms. | The president-elect's selection of Tom Price for health and human services secretary is a perfect example, as he opted for a congressional insider with detailed knowledge of the legislative steps necessary to realise Mr Trump's stated goal of dismantling Democratic healthcare reforms. |
His pick of Seema Verma for a key healthcare agency is also illuminating. She has a track record of working within the system to advance conservative priorities. For instance, she helped prevent a grassroots Republican revolt when Indiana expanded its Medicaid insurance coverage for the poor by implementing work and eligibility requirements. | His pick of Seema Verma for a key healthcare agency is also illuminating. She has a track record of working within the system to advance conservative priorities. For instance, she helped prevent a grassroots Republican revolt when Indiana expanded its Medicaid insurance coverage for the poor by implementing work and eligibility requirements. |
While Mr Trump blusters on Twitter and avoids most contact with the media, these latest moves seem to indicate the people running his administration will be detail-oriented and practical, albeit with a decidedly conservative bent. | While Mr Trump blusters on Twitter and avoids most contact with the media, these latest moves seem to indicate the people running his administration will be detail-oriented and practical, albeit with a decidedly conservative bent. |
The real tell, however, may be who he picks for secretary of state. If it's Mitt Romney, the establishment insiders have prevailed. A loyalist like Rudy Giuliani? All bets are off. | The real tell, however, may be who he picks for secretary of state. If it's Mitt Romney, the establishment insiders have prevailed. A loyalist like Rudy Giuliani? All bets are off. |
On Tuesday, Mr Trump is expected to meet Mitt Romney for a second time despite one of his top aides launching a public campaign against the former Massachusetts governor's nomination. | |
Senior adviser Kellyanne Conway spoke out against Mr Romney on Sunday, saying Mr Trump's supporters felt "betrayed" he would consider the 2012 Republican nominee for the prominent role. | Senior adviser Kellyanne Conway spoke out against Mr Romney on Sunday, saying Mr Trump's supporters felt "betrayed" he would consider the 2012 Republican nominee for the prominent role. |
Mr Romney was one of Mr Trump's harshest critics during the campaign. | Mr Romney was one of Mr Trump's harshest critics during the campaign. |
The president-elect will also sit down with Tennessee Senator Bob Corker, the chairman of the Senate foreign relations committee. | The president-elect will also sit down with Tennessee Senator Bob Corker, the chairman of the Senate foreign relations committee. |
The two men are leading contenders for the all-important diplomatic post. | The two men are leading contenders for the all-important diplomatic post. |
Earlier, Mr Trump met retired Gen David Petraeus. He said he was "very impressed" with the former CIA director in a tweet after their meeting on Monday. | Earlier, Mr Trump met retired Gen David Petraeus. He said he was "very impressed" with the former CIA director in a tweet after their meeting on Monday. |