Treasury Pick Mnuchin Faces Heat at Senate Hearing

The video covers Steven Mnuchin's economic policy positions during a Senate hearing. Mnuchin discusses his role in crafting Trump's tax policy, plans to roll back parts of Dodd-Frank, and support for the Volcker Rule with modifications. He also addresses IRS restructuring and cybersecurity improvements. Mnuchin faces questions about his financial dealings, particularly with the Cayman Islands and One West Bank, and responds to concerns about military foreclosures.

What role did Mnuchin propose to play in Trump's administration regarding tax policy?

• He would be the point person in crafting tax policy.

• He would oversee the Federal Reserve.

• He would lead the Department of Education.

• He would manage international trade agreements.

What was Mnuchin's stance on the Volcker Rule?

• He wanted to expand its scope.

• He had no opinion on it.

• He opposed it entirely.

• He supported it but acknowledged liquidity concerns.

What did Mnuchin criticize about the Consumer Financial Protection Bureau?

• Its role in financial regulation.

• Its inefficiency in handling consumer complaints.

• Its high operational costs.

• Its lack of authority.

How did Mnuchin propose to improve the IRS?

• By outsourcing its operations.

• By increasing tax rates.

• By upgrading its technology and infrastructure.

• By reducing its workforce.

What financial dealings of Mnuchin were scrutinized during the hearing?

• His stock market investments.

• His real estate transactions in Europe.

• His dealings with the Cayman Islands and One West Bank.

• His investments in renewable energy.