Wilbur Ross, the billionaire investor considered the "king of bankruptcy" for buying beaten-down companies with the potential to deliver profits, is President-elect Donald Trump's choice for commerce secretary, a senior transition official has said. "Oh, my God, it's the worst week of my entire life," Ross told ABC News days after the collapse. If confirmed by the Senate as commerce secretary, Ross would oversee nearly 47,000 employees and a budget of roughly $8 billion US. 'Ambassador to the world'One former commerce secretary, Donald Evans, noted that a prime responsibility is opening up markets around the world for U.S. companies and workers. That advice clashes somewhat with the promises made by Trump, who campaigned on the doctrine of putting "America first."

Source: CBC News November 25, 2016 15:59 UTC