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What will the new US Treasury Secretary do?

Steven Mnuchin will be point man for Trump’s “phenomenal” tax plan

By George Magnus  

New US Treasury secretary Steven Mnuchin ©Pool/ABACA/ABACA/PA Images

Last week Steven Mnuchin, President Trump’s nominee for Treasury Secretary, was finally confirmed by lawmakers. Another ex-Goldman Sachs banker, he joins those in the new administration deemed to be “pragmatists,” compared to those of a more ideological bent. Given that the appearance of normality passes for good news in Washington DC nowadays, it is perhaps noteworthy that Mnuchin got off to a decent start.

He has had amicable conversations with both UK Chancellor Philip Hammond and German Finance Minister Wolfgang Schauble.…

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