Donald Trump is expected to appoint Steven Mnuchin, a Goldman Sachs banker-turned-Hollywood movie financier with no government experience, as his Treasury secretary. The Associated Press reported on Wednesday that Mnuchin, Trump’s campaign finance director, had confirmed he had been chosen for the job. Mnuchin, 53, will replace the current Treasury secretary, Jack Lew, who has spent most of his career in government or academia. Mnuchin, who is worth an estimated $40m (£32m), was in charge of raising funds for Trump’s successful election campaign. Steve Bannon, the chairman of “alt-right” – a far-right movement in the US – website Breitbart News, who ran Trump’s campaign, has been named chief strategist.

Source: The Guardian November 30, 2016 10:49 UTC