Trump names Mnuchin, Ross to economic team

President-elect Donald Trump smiles as he arrives to speak at an election night rally, Wednesday, Nov. 9, 2016, in New York. (AP Photo/ Evan Vucci)
President-elect Donald Trump smiles as he arrives to speak at an election night rally, Wednesday, Nov. 9, 2016, in New York. (AP Photo/ Evan Vucci)

WASHINGTON (AP) — President-elect Donald Trump has filled more top posts on his economic team — picking former Goldman Sachs executive Steven Mnuchin as treasury secretary and financier Wilbur Ross to lead the Commerce Department.

Mnuchin is confirming that he and Ross are joining Trump’s Cabinet, pending confirmation by the Senate.

He tells CNBC’s “Squawk Box” in an interview Wednesday that “we’re thrilled to work for the president-elect and honored to have these positions.”

Mnuchin says “sustained economic growth” is the chief priority of the incoming administration and he says “we can absolutely get to sustained 3 to 4 percent” in the gross domestic product.

He’s also outlining what he calls “the largest tax change” since President Ronald Reagan — cutting the corporate tax rate to 15 percent, a “big” middle-class income tax cut and simplifying taxes.

Mnuchin led Trump’s finance operations during the presidential campaign and became close to the president-elect and his family.

Ross is a billionaire investor who’s considered the “king of bankruptcy” for buying beaten-down companies with the potential to deliver profits.

KXAN.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s