Mnuchin, Shulkin confirmed by Senate as Treasury, VA chiefs

Former Goldman Sachs partner and Hollywood financier Steven Mnuchin was confirmed by the U.S. Senate on Monday, clearing the way for him to take over the post from Jack Lew, who served for four years under former President Barack Obama. Photo by Mike Theiler/UPI | License Photo

Feb. 13 (UPI) — Two of President Donald Trump‘s Cabinet appointees received full Senate confirmation late Monday — one in a landslide, and the other by just three votes.

Steven T. Mnuchin was narrowly confirmed as the 77th U.S. treasury chief in the upper chamber by a vote of 53-47.

With 100 members in the Senate, 51 votes are needed for confirmation. The only Democrat to vote for Mnuchin was West Virginia Sen. Joe Manchin.

A former Wall Street manager and Hollywood film financier, Mnuchin was opposed by some Democrats and heavily questioned by the Senate Finance Committee last month over his buying a mortgage lender from the federal government that some critics say was a “foreclosure machine.”

During the financial crisis in 2009, Mnuchin bought subprime lender IndyMac from the government and turned it into a bank that modified tens of thousands of troubled home loans — and foreclosed on many properties. The venture was highly profitable.

“It has been said that I ran a ‘foreclosure machine.’ This is not true,” he told the panel. “On the contrary, I was committed to loan modifications intended to stop foreclosures. I ran a ‘loan modification machine.'”

A billionaire, Mnuchin was also questioned about potential tax shelters he ran in the Caribbean — an allegation the treasury appointee denied.

Like Trump’s last four nominees — Secretary of State Rex Tillerson (confirmed by a vote of 56-43), Education Secretary Betsy DeVos (51-50), Attorney General Jeff Sessions (52-47), and Health Secretary Tom Price (52-47) — Mnuchin was narrowly approved along party lines.

Mnuchin takes over the Treasury from Jack Lew, who served under former President Barack Obama for four years.

A short time later, Dr. David J. Shulkin was easily approved — by a unanimous vote of 100-0 — as the 9th U.S. secretary of Veterans Affairs.

Mnuchin was sworn in Monday night and Shulkin will take his oath Tuesday afternoon, the White House said.

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