“As we discussed with your counsel, divestiture is the way to resolve these conflicts,” the office tweeted.WALL STREET PICKS
Trump, a former reality TV star, has spend much of the last few weeks setting up his new cabinet and interviewing candidates for top jobs in his administration.On Wednesday, Trump said he will nominate his chief campaign fundraiser Steven Mnuchin to lead the U.S. Treasury. Mnuchin said the administration would make tax reform and trade pact overhauls top priorities as it seeks a sustained pace of 3 percent to 4 percent economic growth.
Mnuchin, a former Goldman Sachs banker, also signalled a desire to remove U.S. mortgage-finance companies Fannie Mae and Freddie Mac from government ownership, a move that could have wide-ranging ramifications for how Americans pay for their homes, and said banking regulations should be eased to spur lending.Trump named Wilbur Ross, a billionaire known for his investments in distressed industries, as his nominee for commerce secretary. Both nominees will require confirmation by the U.S. Senate.Trump is also considering Goldman Sachs President and Chief Operating Officer Gary Cohn, a former commodities trader, to head his White House budget office or to fill another position, a Trump transition official said.The economic picks were praised by the Business Roundtable, a group that represents America’s largest corporations.But Democratic senators Bernie Sanders and Elizabeth Warren called Mnuchin “just another Wall Street insider.”
“That is not the type of change that Donald Trump promised to bring to Washington – that is hypocrisy at its worst,” Sanders and Warren said in a joint statement.Trump had pledged during his campaign to “drain the swamp” in Washington. A spokesman said giving top economic jobs to Wall Street figures was not inconsistent with that vow.”You want some people that are insiders and understand the system and some outsiders that are creative thinkers, out-of-the-box thinkers and disruptors,” said Anthony Scaramucci, an asset manager who is on Trump’s transition committee.Trump is also working to fill out his foreign policy team, but no decision appeared imminent on who the next secretary of state will be.He met on Wednesday with Linda McMahon, co-founder of wrestling empire WWE. McMahon told reporters that she discussed job creation and the Small Business Administration with Trump, and said “Stay tuned!” about whether she would join the administration.On Thursday, Trump will travel to Indiana to formally announce a deal he reached with United Technologies Corp (UTX.N) to keep close to 1,000 jobs at its Carrier Corp air conditioner plant in Indianapolis rather than shifting them to Mexico.Trump and his running-mate Mike Pence, the governor of Indiana, had railed against Carrier on the campaign trail, using the company’s outsourcing move as an example of how trade agreements hurt American workers. (Additional reporting by David Lawder and Eric Walsh in Washington and Melissa Fares in New York; Writing by Roberta Rampton; Editing by Bill Trott and Alistair Bell)