- The Washington Times - Tuesday, November 29, 2016

Donald Trump will nominate Steve Mnuchin, who has ties to both Wall Street and Hollywood, to be treasury secretary, according to a report Tuesday.

The 53-year-old, who also served as finance director for the presidential campaign, was at Trump Tower on Tuesday to meet with the transition team.

The New York Times reported Tuesday evening that he would be the Treasury pick — sparking an angry reaction from Democrats, who said his ties to Wall Street were a betrayal of Mr. Trump’s campaign promises.

“So much for draining the swamp,” said Democratic National Committee spokesman Adam Hodge. “Nominating Steve Mnuchin to be Treasury Secretary — a billionaire hedge fund manager and Goldman Sachs alumnus who preyed on homeowners struggling during the recession — is a slap in the face to voters who hoped he would shake up Washington.”

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