Ron Wyden

Trump Treasury pick Steven Mnuchin hammered by Democrats on OneWest foreclosures at confirmation hearing

Trump Treasury pick Steven Mnuchin hammered by Democrats on OneWest foreclosures at confirmation hearing

Steven Mnuchin, the Wall Street executive tapped by President-elect Donald Trump to be the next Treasury secretary, faced some of the most blistering personal attacks of any Cabinet pick so far as Democrats accused him of foreclosing on the homes of thousands of struggling Americans while head of a Pasadena bank, even as he helped rich hedge fund clients shelter their wealth offshore.

Mnuchin was on the defensive during a more than five-hour confirmation hearing Thursday at which it was also revealed he initially had failed to disclose $95 million in real estate holdings and his position as director of a corporation in the Cayman Islands, a well-known tax...

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