Republicans Suspend Rules to Keep Mnuchin Nomination Moving
Steve Mnuchin is headed to the Treasury with or without approval of Senate Democrats.
On Wednesday, the Senate Finance Committee gave the Jewish financier the green light toward his confirmation as Treasury Secretary in Donald Trump’s cabinet. The approval was given to Mnuchin outside the committee’s regular procedure after Senate Democrats boycotted the meeting for the second day in a row.
The Committee’s chair, Senator Orin Hatch of Utah, made the unusual move of suspending the rules, allowing members to vote on Mnuchin without Democrats present. Unsurprisingly, all remaining Republicans voted in favor of the Wall Street banker, sending him to the Senate floor with a 14 to 0 vote.
Mnuchin is expected to easily win the approval of the Senate, which is controlled by Republicans. Mnuchin will replace Jack Lew, Obama’s Treasury secretary, who is also Jewish.
During his hearings, Mnuchin faced Democratic criticism for failing to disclose $100 million in assets; for operating an investment fund in a tax haven and for what they perceived as predatory practices during the foreclosure crisis, when he ran a bank.
Contact Nathan Guttman at guttman@forward.com
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and the protests on college campuses.
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.