Mnuchin looks to Wall Street to fill Treasury positions

Steve Mnuchin, President Trump’s nominee for Treasury secretary, is reportedly looking to Wall Street and the Republican establishment to serve in senior leadership roles in the Treasury Department.

Politico reported Monday that senior Goldman Sachs banker Jim Donovan is being considered to serve as deputy Treasury secretary.

Justin Muzinich, a former Morgan Stanley banker now at Muzinich & Co., is also being looked at for a senior position, possibly undersecretary for domestic finance or counselor.

{mosads}For the position of undersecretary for international affairs, economist David Malpass is expected to be nominated. Malpass previously served in the Reagan and George H.W. Bush administrations and was chief economist at Bear Sterns during its collapse in 2008.

He also served as an economic adviser to President Trump during his presidential campaign.

None of the decisions are final, Politico reported.

The Senate is scheduled to vote as late as Monday at 7 p.m. on Mnuchin’s nomination. The longtime Goldman Sachs banker cleared a procedural hurdle — largely among party lines — in an early morning vote Friday.

Democrats won’t be able to block Mnuchin, whom they’ve nicknamed the “foreclosure king,” on their own. But Democrats have signaled they are willing to use the Senate’s rulebook to drag out debate on Mnuchin.