Senate U.S. approves appointment Mnuchin as minister of Finances

Senate U.S. approves appointment Mnuchin as minister of Finances

Photo: AFP

The U.s. senate has Monday (local time) the appointment of Steven Mnuchin as the minister of Finance approved.

The former banker of Goldman Sachs received the support of 53 senators. Total voted 47 senators. The senator from West Virginia was the only Democrat for the appointment of Mnuchin agreed.

Mnuchin was then sworn in the White House. Trump called Mnuchin there a “big champion” for the American citizens.

The new minister must mainly focus on tax reform, financial deregulation, and economic and diplomatic efforts. He also has of Trump was given the task of the so-called Dodd-Frank Act of 2010 to revise it. The American president signed this at the beginning of this month a decree. It was Trumps first step is to have the stricter rules for banks to dismantle.


Mnuchin was the financial officer during the campaign of Trump. The 53-year-old investor began his career at Goldman Sachs where he spent seventeen years worked. Later he was also a partner at the bank.

After Mnuchin, the bank left in 2002, he made a name as a financier of various hollywood movies. He was in 2004, the founder of Dune Capital, where he, among others, the film series X-men and the movie Avatar produced.

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