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Trump budget pick Mulvaney faces Senate hearing

Mick Mulvaney, President Donald Trump's staunchly conservative choice to lead the White House budget office, faces a Senate panel on Tuesday where lawmakers will seek clues on the new administration's plans for tackling intractable budget deficits. The South Carolina Republican will appear as the Congressional Budget Office reveals new estimates about...

Source: The Associated Press

Budget pick Mulvaney acknowledges payroll tax lapse

Mick Mulvaney, President-elect Donald Trump's choice to run the White House budget office, failed to pay more than $15,000 in payroll taxes for a household worker more than a decade ago, prompting the Senate's top Democrat to issue a statement saying the lapse should disqualify his nomination. "I have come to learn, during the confirmation review process, that I...

Source: The Associated Press

'Math has a habit of not going away’ — economists worry Donald Trump seems to be ignoring them

A recent gathering of academic economists raised questions about whether the new president will want to work with them at all.

Source: CNBC.com

UPDATE 1-Trump's Treasury nominee Mnuchin pledges to divest assets worth millions

Mnuchin said in a 42- page financial disclosure report that these investments include more than $50 million worth of common shares of CIT Group Inc, the financial services group that acquired his OneWest Bank in 2015.. The disclosure forms, which allow a range for the value of assets, reveal that Mnuchin is worth at least $118 million to around $392 million,...

Source: Reuters

Trump Treasury nominee Mnuchin pledges to divest assets worth millions

Mnuchin said in a 42-page financial disclosure report that these investments include more than $50 million worth of common shares of CIT Group.

Source: Reuters