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Hassan opposes Mnuchin for Treasury Secretary

New Hampshire Union Leader

February 06. 2017 1:03PM
Sen. Maggie Hassan 

U.S. Sen. Maggie Hassan, D-NH, said Monday that she opposes Steve Mnuchin, President Donald Trump's nominee to be the next Treasury Secretary.

"Steve Mnuchin ran a bank that's been called a 'foreclosure machine' and has a long record of profiting off of a predatory lending practices while hard-working families paid the price," Hassan said in a statement. "He even tried to mislead Congress about his troubling business practices and potential conflicts of interests throughout the hearing process. I cannot support a Treasury Secretary who would give corporate special interests free reign while jeopardizing the health and stability of our economy, and unfortunately it's clear that's exactly what Mr. Mnuchin would do."

Trump announced Nov. 30 that he would nominate Mnuchin, founder and chairman of Dune Capital Management, and Trump’s campaign finance director, as Secretary of the U.S. Department of Treasury. Mnuchin’s experience includes serving as chief information officer at Goldman Sachs, and he founded OneWest Bank Group LLC in 2009. Trump, in a statement during his transition, said, “Steve Mnuchin is a world-class financier, banker and businessman, and has played a key role in developing our plan to build a dynamic, booming economy that will create millions of jobs.”

Hassan and Sen. Jeanne Shaheen, D-NH, have voted to confirm a handful of Trump's nominees, including Homeland Security Secretary John Kelly, Defense Secretary James Mattis, and CIA Director Michael Pompeo. They voted against confirmation for Secretary of State Rex Tillerson.

Over the past week, both senators announced they would oppose other nominees. Both oppose Jeff Sessions for Attorney General, and Betsy DeVos for Education Secretary.

Hassan has said she will vote against Rep. Tom Price to be the next Health and Human Services Secretary, against Mick Mulvaney as director of the Office of Management and Budget, and against Scott Pruitt for administrator of the Environmental Protection Agency.