Pursuits

Mnuchin May Offer Clues on U.S. Dollar Policy at Senate Hearing

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Treasury nominee faces China FX, Fannie and Freddie questions

Mnuchin Set to Defend OneWest Record at Hearing

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By Saleha Mohsin and Michelle Jamrisko

January 18, 2017 at 10:34 PM UTC

This article is for subscribers only.

Steven Mnuchin has finally come out to defend the thorniest issue about his nomination: His record running OneWest Bank. Now, he will face 26 U.S. senators in a public hearing seeking clarity on his policy views as he interviews for the job of Treasury secretary.

The Senate Finance Committee hearing on Thursday, which kicks off at 10 a.m. in Washington, will be “contentious and downright uncomfortable,” said Isaac Boltansky, policy anal yst at Compass Point Research & Trading LLC. Democrats have promised an ugly fight that the Republican majority and Mnuchin will likely win to secure the former Goldman Sachs Group Inc. partner’s confirmation.