Mnuchin's Treasury Focus: Infrastructure and Tax Reform

The transcript discusses the lack of further transition announcements for the week, focusing on the appointment of Steven Mnuchin as Treasury Secretary. It highlights the positive reception from the business community and the criticism from progressives. Mnuchin's policy priorities include infrastructure spending and tax reform, with plans to privatize Fannie Mae and Freddie Mac. The legislative strategy involves initial executive actions by Trump, followed by collaboration with Congress. Mnuchin's confirmation may face challenges due to his past with OneWest Bank. The influence of Goldman Sachs alumni in the administration is also noted.

What was the business community's reaction to Steven Mnuchin's appointment?

• They were confused.

• They reacted positively.

• They reacted negatively.

• They were indifferent.

What are some of the priorities Mnuchin mentioned for the Treasury Department?

• Military expansion

• Infrastructure spending and tax reform

• Education reform

• Healthcare reform

What impact did Mnuchin's statement about Fannie Mae and Freddie Mac have?

• It led to a market crash.

• It moved the markets positively.

• It had no impact.

• It caused confusion in the markets.

What challenge might Mnuchin face during his confirmation hearings?

• His educational background

• His political affiliations

• His time running One West Bank

• His lack of experience

What is notable about the composition of Trump's administration?

• It has many former politicians.

• It includes many Goldman Sachs alumni.

• It is mostly composed of academics.

• It has a large number of military personnel.