Steven Mnuchin | |
|---|---|
 Official portrait, 2018 | |
| 77th United States Secretary of the Treasury | |
| In office February 13, 2017 – January 20, 2021 | |
| President | Donald Trump |
| Deputy | Sigal Mandelker (acting) Justin Muzinich |
| Preceded by | Jack Lew |
| Succeeded by | Janet Yellen |
| Personal details | |
| Born | Steven Terner Mnuchin December 21, 1962 New York City, U.S. |
| Political party | Republican |
| Spouse(s) |
Kathryn Leigh McCarver
(m. 1992; div. 1999)Heather deForest Crosby
(m. 1999; div. 2014) |
| Children | 3 |
| Parent |
|
| Education | Yale University (BA) |
Steven Terner Mnuchin[1] (/məˈnuːʃɪn/ mə-NOO-shin;[2] born December 21, 1962) is an American investment banker[3] and film producer who served as the 77th United States secretary of the treasury as part of the Cabinet of Donald Trump from 2017 to 2021. Serving for nearly a full presidential term, Mnuchin was one of the few high-profile members of Trump's cabinet whom the president did not dismiss.[4]
Mnuchin was born in New York City. Upon graduating from Yale University in 1985, Mnuchin joined the investment bank Goldman Sachs where his father, Robert Mnuchin, was a general partner. Mnuchin worked at Goldman Sachs for 17 years, eventually becoming its chief information officer. After he left Goldman Sachs in 2002, he worked for and founded several hedge funds and launched Dune Entertainment, a film production company that financed several films for 20th Century Fox. He later served on the boards of Kmart and Sears Holdings. During the financial crisis of 2007–2008 he bought failed residential bank Indymac, which he reorganized as OneWest Bank and resold, becoming embroiled in lawsuits over questionable foreclosures.
Mnuchin joined Trump's presidential campaign in 2016, and was named National Finance Chairman for the campaign. On February 13, 2017, Mnuchin was confirmed by the U.S. Senate as Secretary of the Treasury by a vote of 53–47.[5] As Secretary of the Treasury, Mnuchin supported the Trump tax cuts and the tax reform of 2017, and advocated reducing personal and corporate tax rates.[6] In regard to regulatory policy, Mnuchin supported President Trump’s partial repeal of the Dodd–Frank Act, citing the complexity of the legislation.[7]
- ^ "The Secretary". United States Department of the Treasury. Archived from the original on November 19, 2019. Retrieved June 3, 2017.
- ^ Steven Mnuchin (February 23, 2017). "Treasury Secretary Steve Mnuchin goes one-on-one with CNBC" (Interview). Interviewed by Becky Quick. CNBC. Archived from the original on October 2, 2017. Retrieved October 2, 2017.
- ^ The Editorial Board (February 6, 2018). "Do You Think Donald Trump Is Ready for a Real Financial Crisis?". The New York Times. Archived from the original on November 9, 2020. Retrieved February 7, 2018.
- ^ Nicole Lewis (November 25, 2021) [2017-07-25]. "Here's a list of people Trump has fired or threatened to fire". The Washington Post. Washington, D.C. ISSN 0190-8286. OCLC 1330888409.[please check these dates]
- ^ Lawder, David, "Ex-Goldman banker Mnuchin installed as Treasury secretary" Archived February 15, 2017, at the Wayback Machine, Reuters, February 14, 2017. Retrieved March 31, 2017.
- ^ "CNBC Transcript: Steven Mnuchin and Wilbur Ross Speak with CNBC's "Squawk Box" Today". CNBC. November 30, 2016. Archived from the original on March 28, 2017. Retrieved March 28, 2017.
- ^ Sorkin, Andrew Ross (November 30, 2016). "Steven Mnuchin, Expected Treasury Pick, Is an Outsider to Public Policy". The New York Times. Archived from the original on December 8, 2016. Retrieved December 10, 2016.