Steven Mnuchin, treasury secretary nominee, speaks during a Senate hearing Jan. 19. (Andrew Harrer/Bloomberg News)The Senate confirmed Steven T. Mnuchin as treasury secretary Monday evening, putting an end to a contentious and protracted debate while adding another former banker to President Trump's roster of advisers. As treasury secretary, Mnuchin will be responsible for managing the nation's day-to-day finances and will have to carry out a broad order from his new boss to review the rules imposed on the financial sector through the Dodd-Frank law of 2010. “His complicity in the 2008 financial crisis raises serious doubts.”Democrats also thought that Mnuchin had not been truthful with lawmakers. It would be legally difficult for Mnuchin to apply the label to China, said Fred Bergsten, a former treasury undersecretary.

Source: Washington Post February 14, 2017 00:30 UTC