>> Trump's picks for Energy Secretary, Rick Perry, and Treasury Secretary, Steve Mnuchin, facing the music at Senate confirmation hearings Thursday. Perry, the former Texas Governor, defending his ability to run the agency he once could not name, and wanted to eliminate during his first presidential run in 2012. He'd be responsible for US energy policy and the nuclear weapons program.
A responsibility, the New York Times is reporting, he was not fully aware of when he accepted the cabinet offer last month. But still pivotal to the future of the Iran Nuclear deal, his boss Donald Trump has called a quote, disaster. With Trump championing the production of oil, gas and coal, Perry facing questions on how he plans to usher in energy jobs, boost drilling, and increase exports of natural gas.
Democratic Senator Elizabeth Warren likely to take aim at Mnuchin, a former Goldman Sachs executive, Hollywood producer, and Hedge Fund manager, over his role during the 2008 financial crisis at a failed California mortgage lander, One West Bank. An institution housing advocates have accused of regressive foreclosure tactics. In an event organized by Senator Warren, a handful of One West borrowers appeared on the hill Wednesday to share their personal grievances, urging the senator to vote against Mnuchin.
With an estimated worth of hundreds of millions of dollars, Mnuchin could be one of the richest Treasury Secretaries to hold office, according to disclosure forms. He has promised to divest at least $94 million worth of investments in various entities to avoid conflicts of interest.