Steven Mnuchin, Donald Trump's pick for treasury secretary, said the bank he ran did what it could to minimize foreclosures during the financial crisis. He also defended his use of offshore accounts for hedge fund clients, while acknowledging the need to close loopholes. Mnuchin also told lawmakers he thinks the Internal Revenue Service needs a bigger staff and better technology.
Next week, leaders of the House Oversight Committee are expected to meet with the director of the Office of Government Ethics, who has been under fire for admonishing Trump to divest his businesses.
(Image credit: U.S. Office of Government Ethics)
The global money service company admitted it had acted criminally by "willfully failing to maintain an effective anti-money laundering program" and assisting people committing wire fraud.
(Image credit: Mark Lennihan/AP)
The nominee to lead the Department of Health and Human Services traded in health care stocks while pressing legislation that may have helped the companies he invested in.
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Once an elite swimmer and a Yale grad, Siphiwe Baleka now coaches 3,000 fellow truckers on the best ways to work out, eat right and stay connected on the road. Drivers say his wellness plan works.
(Image credit: Alex Smith)
Steven Mnuchin, who took over a bank that failed because of bad home loans, argued before the Senate Finance Committee that his actions saved thousands of jobs.
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These sugary spuds are cheap and easy to grow, but the rise of postwar industrialization and processed foods made them less popular. Now, fad diets and trendy restaurants have sparked a renaissance.
(Image credit: U.S. Department Of Agriculture)
Andrew Puzder, CEO of the Carl's Jr. and Hardee's franchises, has been outspoken about labor policies. He now faces critics from the left and right in his bid to become the next labor secretary.
Treasury secretary pick Steve Mnuchin is expected to face hard questions at his confirmation hearing. During the financial crisis, Mnuchin led a bank that foreclosed on thousands of homeowners.
With the future of the Affordable Care Act on the line, health insurance benefits for workers at large companies hang in the balance.
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When Trump becomes president, he may violate the lease on his Washington, D.C., hotel. A government agency owns the building, and the contract specifies no elected U.S. official may hold the lease.
(Image credit: Alex Brandon/AP)
Aviation giant Boeing, a corporate sponsor of the inauguration and one of the country's largest exporters, is planning new buyouts and layoffs on top of nearly 11,000 job cuts last year.
(Image credit: Ed Turner/Courtesy of Future of Flight Center/Boeing)
Judges in Seoul said early Thursday there was insufficient cause to arrest the head of South Korea's most powerful conglomerate. But he's not exonerated.
(Image credit: Chung Sung-Jun/Getty Images)
Congress writes laws, but the president makes the rules that put the laws in action. President Obama's staff has been scrambling to lock in rules before Trump takes the helm. But will they stick?
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New rules for organic farming will require farmers to give chickens more pasture. Some of the biggest organic egg producers will have to change their practices, or stop calling their eggs organic.
(Image credit: Charlie Neibergall/AP)
Brownie Harjo runs a martial arts studio in the oldest building in Holdenville, Okla. Though the small town has seen better days, Harjo believes Holdenville still has potential.
(Image credit: Allison Herrera)
President-elect Donald Trump has named some well known figures as special advisers. But it's still unclear as to what that title might mean and what extent of power these positions might hold.
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The train, which traveled nearly 7,500 miles, marks a milestone in China's intended revival of the centuries-old Silk Road trade routes linking East and West.
(Image credit: Dan Kitwood/Getty Images)
The confirmation hearing of Commerce Secretary nominee Wilbur Ross highlighted divisions within the Republican Party over trade. Ross signaled that the incoming Trump administration will be much more aggressive in responding to trade violations by other countries. Several Republican Senators told Ross they were concerned that punitive tariffs and confrontations with trading partners could damage the economy.
President-elect Trump has named two businessmen as special advisers: Wall Street legend Carl Icahn and former New York City Mayor Rudy Giuliani. Icahn will advise the White House on regulatory reform and Giuliani on cybersecurity. But Icahn makes billions through Wall Street trading, and Giuliani makes millions from his security consulting firm, which presents some potential ethical issues.