Mnuchin Confirmed as Treasury Secretary


The U.S. Senate voted to confirm Steven Mnuchin as U.S. Treasury secretary on Monday, following partisan squabbles surrounding his nomination. The upper chamber approved Mnuchin by a 53-47 vote, largely along party lines.

Mnuchin was attacked by Democrats, particularly Ohio Senator Sherrod Brown, for the foreclosure record of OneWest Bank where he had previously served as CEO. Brown accused Mnuchin of lying about OneWest Bank's history of “robo-signing” foreclosure notices during his time at the organization. Senate Financial Services Committee Democrats twice boycotted votes to confirm Mnuchin, leading Republicans to suspend committee rules to advance the issue to the full Senate on their own.