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Mnuchin Nears Senate Showdown With Democrats Who Can’t Block

Democrats see hearing as proxy fight against Trump’s populism
Republicans can confirm Mnuchin without minority support

Video player cover image — Mnuchin Holds More than $50M in CIT Group: Disclosure

By

Saleha Mohsin and

Steven T. Dennis

January 17, 2017, 1:49 PM UTCUpdated onJanuary 17, 2017, 9:22 PM UTC

A day before Donald Trump’s inauguration, Treasury secretary pick Steven Mnuchin will go before a Senate panel for a televised hearing that promises to be the most contentious of the president-elect’s nominees.

The former Goldman Sachs Group Inc. partner can almost certainly rely on a Republican Senate majority for confirmation, but the Finance Committee hearing on Thursday will provide Democrats with an opportunity to puncture Trump’s populist appeal by drawing out how Mnuchin profited from the housing crisis.