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Published: Wed, February 15, 2017
Business | By Megan Pierce

Mnuchin Poised for Party-Line Senate Confirmation Vote Monday Evening

Mnuchin Poised for Party-Line Senate Confirmation Vote Monday Evening

Democrats boycotted a Finance Committee vote on Mnuchin's nomination, prompting Republicans to advance his nomination by suspending committee rules.

Democrats were unable to block Mnuchin, as they are outnumbered by a largely unified bloc of Republicans, 52-48.

That criticism continued on the Senate floor Monday ahead of his confirmation vote scheduled for around 7 p.m. Minority Leader Chuck Schumer (N.Y.) referred to Mnuchin as a "Wall Street insider", saying Trump has broken campaign promises to shun financial elites.

Mnuchin, 54, is the latest member of Trump's Cabinet to edge through the confirmation process on a largely party-line vote. Trump said on Monday night introducing Mnuchin after he had been approved by the US Senate.

A Senate committee vote on Treasury Secretary nominee Steven Mnuchin has been pushed to Tuesday morning.

"Trump and his fellow Republicans in Congress are determined to pack the Administration with bankers and billionaires, ensuring that special interests are represented, not the needs of hardworking Americans". That vote was unanimous.

"Mr Mnuchin's failure to disclose his Cayman Islands holdings just reeks of the swamp that the president-elect promised to drain on the campaign trail".

During a long debate over Mnuchin's credentials, Democrats argued that Mnuchin's experience on Wall Street exemplified corporate malpractice that led to the 2008 financial crisis. "He will fight for middle-class tax reductions, financial reforms, and open up lending and create millions of new jobs, and fiercely defend the American tax dollar and our financial security". Senator Debbie Stabenow of MI said: "Mr. Mnuchin has made his career profiting from the misfortunes of working people".

The top Democrat on the House Financial Services Committee, Maxine Waters of California, called Mr Mnuchin "the foreclosure king".

Sen. Sheldon Whitehouse, D-R.I., said, "I simply can not forgive somebody who took a look at that banking crisis and took a look at the pain that Wall Street had sent in a wave across all of America, and thought, 'Ah, there's a great new way to make money, foreclosing on people'". For the past 18 months, Shulkin served as Obama's Under Secretary for Health for the VA.

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