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Steven Terner Mnuchin ( ; born December 21, 1962) is an American investment banker and film producer who served as the 77th
United States secretary of the treasury The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal a ...
as part of the
Cabinet of Donald Trump Donald Trump assumed office as President of the United States on January 20, 2017, and his term ended on January 20, 2021. The president has the authority to nominate members of his Cabinet to the United States Senate for confirmation under t ...
from 2017 to 2021. Serving for a full presidential term, Mnuchin was one of the few high-profile members of Trump's cabinet whom the president did not dismiss. Mnuchin was born in New York City. Upon graduating from
Yale University Yale University is a Private university, private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the List of Colonial Colleges, third-oldest institution of higher education in the United Sta ...
in 1985, Mnuchin joined the investment bank Goldman Sachs where his father, Robert Mnuchin, was a
general partner General partner is a person who joins with at least one other person to form a business. A general partner has responsibility for the actions of the business, can legally bind the business and is personally liable for all the partnership's debts an ...
. Mnuchin worked at Goldman Sachs for 17 years, eventually becoming its chief information officer. After he left Goldman Sachs in 2002, he worked for and founded several
hedge funds A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as sho ...
and launched
Dune Entertainment RatPac Entertainment (also known as RatPac-Dune Entertainment, a co-financing agreement it was part of) was an American motion picture production company owned by producer-director Brett Ratner. RatPac was founded by Ratner and billionaire James ...
, a film production company that financed several films for
20th Century Fox 20th Century Studios, Inc. (previously known as 20th Century Fox) is an American film production company headquartered at the Fox Studio Lot in the Century City area of Los Angeles. As of 2019, it serves as a film production arm of Walt Dis ...
. Mnuchin was a member of
Sears Holdings Sears Holdings Corporation was an American holding company headquartered in Hoffman Estates, Illinois. It was the parent company of the chain stores Kmart and Sears and was founded after the former purchased the latter in 2005. It was the 20th- ...
's Board of Directors from 2005 until December 2016, and prior to this, Mnuchin served on
Kmart Kmart Corporation ( , doing business as Kmart and stylized as kmart) is an American retail company that owns a chain of big box department stores. The company is headquartered in Hoffman Estates, Illinois, United States. The company was inc ...
's Board of Directors. After Sears went bankrupt, the company that formerly owned it sued Mnuchin and the ex-CEO,
Eddie Lampert Edward Scott Lampert (born July 19, 1962) is an American billionaire businessman. He is the former CEO and chairman of Sears Holdings (SHLD), founder of Transform Holdco LLC, and founder, chairman, and CEO of ESL Investments. Until May 2007, he ...
, for "
asset stripping Asset stripping is a term used to refer to the practice of selling off a company's assets in order to improve returns for equity investors. In many cases where the term is used, a financial investor, referred to as a ' corporate raider', takes con ...
" during their tenure. During the
financial crisis of 2007–2008 Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fi ...
, Mnuchin bought the failed residential lender IndyMac. He changed the name to
OneWest Bank OneWest Bank, a division of First Citizens BancShares, is a regional bank with over 60 retail branches in Southern California. OneWest Bank specializes in consumer deposit and lending including personal checking and savings accounts, Money Market ...
, rebuilt it and sold it to
CIT Group CIT Group (CIT), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring, cash management, treasury management, mortgage loans, Small Business Administration loans, le ...
in 2015. During his time as the CEO and chairman, OneWest became embroiled in several lawsuits over questionable foreclosures. Mnuchin joined Trump's presidential campaign in 2016, and was named National Finance Chairman for the campaign. On February 13, 2017, Mnuchin was confirmed by the U.S. Senate as Secretary of the Treasury by a vote of 53–47. As Secretary of the Treasury, Mnuchin supported the Trump tax cuts and the tax reform of 2017 and advocated reducing personal and corporate tax rates. In regard to regulatory policy, Mnuchin supported President Trump’s partial repeal of the Dodd–Frank Act, citing the complexity of the legislation.


Early life and education

Steven Mnuchin was born on December 21, 1962, in New York City, the second-youngest son in his family. Mnuchin's family is Jewish. He is the son of Robert E. Mnuchin of
Washington, Connecticut Washington is a rural town in Litchfield County, Connecticut, in the New England region of the United States. The population was 3,646 at the 2020 census. Washington is known for its picturesque countryside, historic architecture, and active civi ...
, and Elaine Terner Cooper of New York. Robert Mnuchin was a partner at Goldman Sachs in charge of equity trading and a member of the management committee. He is also the founder of an art gallery in New York City, the Mnuchin Gallery. Mnuchin's great-grandfather, Aaron Mnuchin, a Russian-born diamond dealer who later resided in
Belgium Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...
, emigrated to the U.S. in 1916. Mnuchin attended
Riverdale Country School Riverdale Country School is a co-educational, independent, college-preparatory day school in New York City serving pre-kindergarten through twelfth grade. It is located on two campuses covering more than in the Riverdale section of the Bronx, Ne ...
in New York City. He graduated from
Yale University Yale University is a Private university, private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the List of Colonial Colleges, third-oldest institution of higher education in the United Sta ...
in 1985 with a bachelor's degree in economics. At Yale, Mnuchin was publisher of the '' Yale Daily News'', and was also initiated into
Skull and Bones Skull and Bones, also known as The Order, Order 322 or The Brotherhood of Death, is an undergraduate senior secret student society at Yale University in New Haven, Connecticut. The oldest senior class society at the university, Skull and Bone ...
in 1985. While a student at Yale, Mnuchin drove a Porsche and lived at New Haven's Taft Hotel. Mnuchin's first job was as a trainee at investment bank
Salomon Brothers Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York. It was one of the five largest investment banking enterprises in the United States and the most profitable firm on Wall Street durin ...
in the early 1980s, while still studying at Yale.


Finance and banking career


Goldman Sachs

Mnuchin graduated from Yale in 1985 and started working for Goldman Sachs, where his father had been employed since 1957. Mnuchin started in the mortgage department, and became a partner at Goldman in 1994. Until he left the company in 2002, Mnuchin held the following positions as a partner: * November 1994 – December 1998: Head of the Mortgage Securities Department * December 1998 – November 1999: Overseeing mortgages, U.S. governments, money markets, and municipals at Fixed Income, Currency and Commodities Division * December 1999 – February 2001: Member of the Executive Committee and co-head of the Technology Operating Committee * February 2001 – December 2001: Executive Vice President and co-chief information officer * December 2001 – 2002: Executive vice president, member of the Management Committee, and chief information officer Mnuchin left Goldman Sachs in 2002 after 17 years of employment, with an estimated $46 million of company stock and $12.6 million in compensation that he received in the months prior to his departure.


Hedge funds

After he left Goldman Sachs in 2002, Mnuchin briefly worked as vice-chairman of hedge fund
ESL Investments ESL Investments is a privately owned hedge fund based in Greenwich, Connecticut. History ESL Investments is managed by Edward Lampert, who founded it in April 1988 and named it after his initials. The firm invests in the American public equit ...
, which is owned by his Yale roommate
Edward Lampert Edward Scott Lampert (born July 19, 1962) is an American billionaire businessman. He is the former CEO and chairman of Sears Holdings (SHLD), founder of Transform Holdco LLC, and founder, chairman, and CEO of ESL Investments. Until May 2007, he ...
. From 2003 to 2004 he worked as Chief Executive Officer at SFM Capital Management, a fund backed by George Soros. Mnuchin founded a hedge fund called Dune Capital Management, named for a spot near his house in
The Hamptons The Hamptons, part of the East End of Long Island, consist of the towns of Southampton and East Hampton, which together comprise the South Fork of Long Island, in Suffolk County, New York. The Hamptons are a popular seaside resort and one o ...
, in 2004 with two former Goldman partners. After its founding, Mnuchin served as the CEO of the company. The firm invested in at least two
Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of P ...
projects, the
Trump International Hotel and Tower Trump International Hotel may refer to: Current Five buildings are named Trump Hotels with four owned/operated by the Trump organization: * Trump International Hotel and Tower (Chicago) * Trump International Hotel and Tower (New York City) * Tru ...
in Honolulu and its namesake in Chicago. Dune Capital Management and other lenders to the skyscraper in Chicago were sued by Trump before a settlement was reached. Mnuchin was outbid by
Lone Star Funds Lone Star Funds, legal name of main entity Lone Star Global Acquisitions, Ltd. is an American private equity firm that invests in distressed assets in the U.S., Canada and internationally. The founder of Lone Star established its first fund in 1 ...
on a portfolio of residential mortgage-backed
collateralized debt obligation A collateralized debt obligation (CDO) is a type of structured asset-backed security (ABS). Originally developed as instruments for the corporate debt markets, after 2002 CDOs became vehicles for refinancing mortgage-backed securities (MBS).Le ...
s being sold by Merrill Lynch during the financial crisis, which sold for $6.7 billion. Mnuchin has been criticized for his use of offshore entities for investment purposes as a hedge-fund manager, which is a common practice in the industry. Mnuchin has stated: "In no way did I use ffshore entitiesto avoid U.S. taxes."


OneWest


Purchase of IndyMac and other loan portfolios

In 2009, a group led by Mnuchin bought California-based residential lender IndyMac, which had been in receivership by the
FDIC The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures credi ...
and owned $23.5 billion in commercial loans, mortgages, and mortgage-backed securities. The purchase price was a $4.7 billion discount to its
book value In accounting, book value is the value of an asset according to its balance sheet account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or impairment costs made against the asset. T ...
. Mnuchin's investment group included
George Soros George Soros ( name written in eastern order), (born György Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. , he had a net worth of US$8.6 billion, Note that this site is updated daily. having donated mo ...
, hedge-fund manager
John Paulson John Alfred Paulson (born December 14, 1955) is an American billionaire hedge fund manager. He leads Paulson & Co., a New York-based investment management firm he founded in 1994. He has been called "one of the most prominent names in high fina ...
, former Goldman Sachs executive
J. Christopher Flowers James Christopher Flowers is an American private equity investor and investment manager focused on the financial services industry. He is a Managing Director and CEO of J.C. Flowers & Co., and a member of the firm's Management Committee. Early l ...
, and
Dell Computer Dell is an American based technology company. It develops, sells, repairs, and supports computers and related products and services. Dell is owned by its parent company, Dell Technologies. Dell sells personal computers (PCs), servers, data s ...
founder
Michael Dell Michael Saul Dell (born February 23, 1965) is an American billionaire businessman and philanthropist. He is the founder, chairman, and CEO of Dell Technologies, one of the world's largest technology infrastructure companies. He is ranked the ...
. The FDIC agreed to retain some of the more problematic assets of the bank, and signed a loss-sharing agreement. The FDIC was estimated to be required to pay $2.4 billion to IndyMac under the shared loss agreement. After purchasing IndyMac, renamed
OneWest Bank OneWest Bank, a division of First Citizens BancShares, is a regional bank with over 60 retail branches in Southern California. OneWest Bank specializes in consumer deposit and lending including personal checking and savings accounts, Money Market ...
, Mnuchin moved into a 20,000 square foot house in Bel Air to begin his tenure as CEO and chairman. OneWest then bought several other failed banks including
First Federal Bank of California The First Federal Bank of California was a community bank founded in 1929, and encompassed most of Southern California. As of 2009, it operated approximately thirty-nine branches. First Federal Bank, which offered both personal and business finan ...
in 2009 and La Jolla Bank in 2010. Furthermore, OneWest bought a portfolio belonging to Citi Holdings for $1.4 billion. OneWest was profitable one year after Mnuchin had bought it, and it became the largest bank of Southern California, with assets worth $27 billion.


Sale to CIT

In 2015, Mnuchin sold OneWest to
CIT Group CIT Group (CIT), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring, cash management, treasury management, mortgage loans, Small Business Administration loans, le ...
for $3.4 billion. After the acquisition by CIT, Mnuchin remained at OneWest, and became a member of CIT Group's board of directors. As of August 2016, Mnuchin owned $97 million in CIT Group stock, most of which he had received in exchange for his stake in OneWest. On December 2, 2016, Mnuchin resigned from the board of directors of CIT as a result of his selection as nominee for Secretary of the Treasury.


Foreclosures

OneWest was criticized for aggressively foreclosing on homeowners. In the five years following Mnuchin's acquisition of OneWest, the bank foreclosed on 36,000 homes in California, leading local activists to begin calling Mnuchin "the foreclosure king." The high foreclosure rate might have been a result of the loss sharing agreement with the FDIC, whereby the FDIC had to reimburse OneWest for losses. According to ''
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid d ...
'', OneWest "was involved in a string of lawsuits over questionable foreclosures, and settled several cases for millions of dollars". Because of these foreclosures, around 100 protesters of Occupy Los Angeles gathered outside Mnuchin's home in October 2011 and held signs that read "Make Banks Pay". Two California fair-housing groups filed complaints to the federal government alleging that OneWest had violated the Fair Housing Act by not lending money to African Americans, Hispanics, and Asians. In November 2016, after OneWest was sold to CIT, the California Reinvestment Coalition submitted a
Freedom of Information Act Freedom of Information Act may refer to the following legislations in different jurisdictions which mandate the national government to disclose certain data to the general public upon request: * Freedom of Information Act 1982, the Australian act * ...
request to the
United States Department of Housing and Urban Development The United States Department of Housing and Urban Development (HUD) is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. It is headed by the Secretary of Housing and Ur ...
(HUD) to learn more about CIT's
reverse mortgage A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthl ...
subsidiary, Financial Freedom. According to the HUD's response, CIT/Financial Freedom foreclosed on 16,220 federally insured reverse mortgages from April 2009 to April 2016. This represented about 39% of all federally insured reverse mortgage foreclosures during that time. CRC estimated that Financial Freedom serviced only about 17% of the market and thus was foreclosing more than twice as often as its competitors. CIT Group disclosed to investors that it had received subpoenas from HUD's Office of the Inspector General in the third and fourth quarters of 2015. In November 2016, two non-profits filed a complaint with the Department of Housing and Urban Development, alleging redlining by OneWest Bank. In 2017 a leaked internal memo from the California attorney general's office was published, stating that the prosecutor's office had found more than a thousand violations of foreclosure law by OneWest during Mnuchin's tenure. The prosecutor,
Kamala Harris Kamala Devi Harris ( ; born October 20, 1964) is an American politician and attorney who is the 49th vice president of the United States. She is the first female vice president and the highest-ranking female official in U.S. history, as well ...
, had declined to file a civil enforcement suit.


Liberty Strategic Capital

After Donald Trump lost the 2020 election, Mnuchin established an investment fund, Liberty Strategic Capital. The fund obtained funds from the Saudis, Emirati and Qatari sovereign wealth funds. According to the ''New York Times'', "The scale of Mr. Mnuchin’s fund and its investments from countries where he traveled as Treasury secretary have raised questions about whether he used his government role to enrich himself."


Film production career

In 2004, Mnuchin founded
Dune Entertainment RatPac Entertainment (also known as RatPac-Dune Entertainment, a co-financing agreement it was part of) was an American motion picture production company owned by producer-director Brett Ratner. RatPac was founded by Ratner and billionaire James ...
as a side business. It financed a number of large-budget films, mostly for
20th Century Fox 20th Century Studios, Inc. (previously known as 20th Century Fox) is an American film production company headquartered at the Fox Studio Lot in the Century City area of Los Angeles. As of 2019, it serves as a film production arm of Walt Dis ...
, including the ''X-Men'' film franchise and ''
Avatar Avatar (, ; ), is a concept within Hinduism that in Sanskrit literally means "descent". It signifies the material appearance or incarnation of a powerful deity, goddess or spirit on Earth. The relative verb to "alight, to make one's appeara ...
''. In 2012, after Dune's deal with 20th Century Fox ended, Mnuchin worked with the filmmaker
Brett Ratner Brett Ratner (born March 28, 1969) is an American film director and producer. He directed the ''Rush Hour'' film series, '' The Family Man'', '' Red Dragon'', '' X-Men: The Last Stand'', and ''Tower Heist''. He is also a producer of several film ...
and the Australian businessman
James Packer James Douglas Packer (born 8 September 1967) is an Australian billionaire businessman and investor. Packer is the son of Kerry Packer , a media mogul, and his wife, Roslyn Packer . He is the grandson of Sir Frank Packer. He inherited control ...
to merge his Dune Entertainment company with Ratner and Packer's newly founded RatPac Entertainment joint venture. This formed RatPac-Dune Entertainment, which agreed a financing deal with Warner Bros. Between 2013 and 2018, RatPac-Dune financed many films for Warner Bros., including ''
American Sniper ''American Sniper'' is a 2014 American biographical war drama film directed by Clint Eastwood and written by Jason Hall. It is loosely based on the memoir '' American Sniper'' (2012) by Chris Kyle, with Scott McEwen and Jim DeFelice. The film ...
'' and '' Mad Max: Fury Road''. Mnuchin was co-chairman of the trio's movie company,
Relativity Media Relativity Media is an American media company founded in 2004 by Lynwood Spinks and Ryan Kavanaugh. The company brokered film finance deals and later branched into film production and other entertainment ventures. The company was commerciall ...
, but left seven months before it went bankrupt. A source close to the company said he had resigned because of the potential for a conflict of interest between his duties at Relativity and OneWest. He and other investors reportedly lost $80 million.


Filmography


Politics


Donations

Before joining the presidential campaign of
Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of P ...
in 2016, Mnuchin had been involved in politics only by donating money to campaigns. Between 1995 and 2014, he donated over $120,000 to political organizations, PACs, politicians, and political parties. His contributions to candidates included 11 donations to Republicans and 36 donations to Democrats. The campaigns of
Al Gore Albert Arnold Gore Jr. (born March 31, 1948) is an American politician, businessman, and environmentalist who served as the 45th vice president of the United States from 1993 to 2001 under President Bill Clinton. Gore was the Democratic no ...
,
Hillary Clinton Hillary Diane Rodham Clinton ( Rodham; born October 26, 1947) is an American politician, diplomat, and former lawyer who served as the 67th United States Secretary of State for President Barack Obama from 2009 to 2013, as a United States sen ...
,
John Kerry John Forbes Kerry (born December 11, 1943) is an American attorney, politician and diplomat who currently serves as the first United States special presidential envoy for climate. A member of the Forbes family and the Democratic Party, he ...
,
Barack Obama Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the ...
, and Mitt Romney were among those to which he donated money. Mnuchin said most of those donations were favors for friends. Between June and September 2016, Mnuchin donated over $400,000 to the Republican Party, including donations to Paul Ryan and Donald Trump. Earlier in 2016, Mnuchin had donated $4,000 to Democrats
Kamala Harris Kamala Devi Harris ( ; born October 20, 1964) is an American politician and attorney who is the 49th vice president of the United States. She is the first female vice president and the highest-ranking female official in U.S. history, as well ...
and
Michael Wildes Michael Jay Wildes (born November 27, 1964) is an American immigration lawyer and politician who serves as the 38th and current Mayor of Englewood, New Jersey. He previously served as the 36th Mayor of Englewood from 2004 to 2010. A member of the ...
.


2016 presidential campaign of Donald Trump

Mnuchin was an early supporter of Trump, and attended his victory party after the New York Republican primary victory on April 19, 2016, for which he received a last-minute invitation. He was called the following day by Trump, who asked him if he wanted to be the national finance chairman of his campaign. Mnuchin, who later said in an interview he had known Trump "for over fifteen years", accepted the offer. In a statement announcing the appointment, Trump said: "Steven is a professional at the highest level, with an extensive and very successful financial background." He also said Mnuchin would bring "unprecedented experience and expertise" that would benefit the Republican Party. After being appointed as the Trump campaign's main fundraiser, Mnuchin said: "It's a great privilege to be working with Mr. Trump to create a world-class finance organization to support the campaign in the General Election." Mnuchin worked with
Republican National Committee The Republican National Committee (RNC) is a U.S. Political action committee, political committee that assists the Republican Party (United States), Republican Party of the United States. It is responsible for developing and promoting the Republi ...
counterpart
Lewis Eisenberg Lewis Michael Eisenberg (born October 12, 1942) is an American financier and investor who was the United States Ambassador to Italy and the United States Ambassador to San Marino. He is known for co-founding and heading private equity firm Grani ...
on a late-developing joint operation for the committee and the Trump campaign. Before Mnuchin's appointment, no large-scale fundraising operation had been started for the Trump campaign. The late-summer fundraising goal was close to $500 million. ''
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid d ...
'' described Mnuchin's role during the campaign as "relatively behind the scenes", and the newspaper noticed he never "seemed to seek the spotlight". During an interview, Mnuchin said that because of his connection to the Trump campaign, "a lot of people in California and New York ..wanted to stop being friends". After Trump won the election, he announced that Mnuchin would join the transition team on November 11.


Political views

In a November 30, 2016, interview on ''
CNBC CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sho ...
'', Mnuchin called it the Trump administration's job to "make sure that the average American has wage increases and good jobs". Furthermore, he said his priority was getting a sustained growth of GDP of 3% or 4%. He said in order to get there, "our number one priority is tax reform". Mnuchin said he would reduce corporate taxes to 15%, cut taxes for the middle class, and simplify the tax system. When asked about trade, he said he believed in trade deals with individual countries, as opposed to regional trade deals. Mnuchin said, "This president ..is going to have open communication with business leaders", when asked about keeping jobs from being offshored to Mexico. During the interview, he also said he wants to "strip back parts of Dodd–Frank" because he argued it was too complicated, and it prevented banks from lending. He called the stripping back of Dodd–Frank "the number-one priority on the regulatory side".


Secretary of the Treasury


Nomination and confirmation

On November 30, 2016, Donald Trump announced on his website that he would nominate Mnuchin as
United States Secretary of the Treasury The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal a ...
. In the statement, Trump called Mnuchin a "world-class financier, banker, and businessman", and he said Mnuchin played an important role in developing his "plan to build a dynamic, booming economy". Mnuchin himself said he was "honored to have the opportunity to serve our great country in this important role". He called Trump's economic agenda a "bold" one "that creates good-paying jobs and defends the American worker". On February 1, 2017, the
Senate Finance Committee The United States Senate Committee on Finance (or, less formally, Senate Finance Committee) is a standing committee of the United States Senate. The Committee concerns itself with matters relating to taxation and other revenue measures general ...
approved his nomination by a vote of 11–0 with all Democrats boycotting the vote, sending the nomination to the Senate floor. After the nomination was announced, Mnuchin resigned from his position on the board of trustees of the
Museum of Contemporary Art, Los Angeles The Museum of Contemporary Art, Los Angeles (MOCA) is a contemporary art museum with two locations in greater Los Angeles, California. The main branch is located on Grand Avenue in Downtown Los Angeles, near the Walt Disney Concert Hall. MOCA's ...
, to which he had donated between $100,000 and $250,000. When the pick was announced, Mnuchin was also a member of the boards of
UCLA Health System UCLA Health is a health system which comprises a number of hospitals, the David Geffen School of Medicine at UCLA and an extensive primary care network in the Los Angeles region. As a regional health provider, it benefits from the academic affili ...
, the
NewYork–Presbyterian Hospital The NewYork-Presbyterian Hospital is a nonprofit academic medical center in New York City affiliated with two Ivy League medical schools, Cornell University and Columbia University. The hospital comprises seven distinct campuses located in the New Y ...
, and the Los Angeles Police Foundation. ''The New York Times'' noted that Mnuchin's selection "fits uneasily with much of Mr. Trump's campaign attacks on the financial industry". For example, an ad of Trump's campaign said Goldman Sachs' CEO had "robbed heworking class". Mnuchin is the third former Goldman-Sachs executive to serve in the job, after
Hank Paulson Henry Merritt Paulson Jr. (born March 28, 1946) is an American banker and financier who served as the 74th United States Secretary of the Treasury from 2006 to 2009. Prior to his role in the Department of the Treasury, Paulson was the Chairman a ...
, under President
George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...
, and
Robert Rubin Robert Edward Rubin (born August 29, 1938) is an American retired banking executive, lawyer, and former government official. He served as the 70th United States Secretary of the Treasury during the Clinton administration. Before his government ...
, under President
Bill Clinton William Jefferson Clinton ( né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. He previously served as governor of Arkansas from 1979 to 1981 and agai ...
, in the 2000s and 1990s, respectively. During his Senate confirmation hearing on January 19, 2017, Mnuchin was criticized by Democrats for OneWest's foreclose practices. Mnuchin said: "Since I was first nominated to serve as treasury secretary, I have been maligned as taking advantage of others' hardships in order to earn a buck. Nothing could be further from the truth". During the hearing, it was also noted that Mnuchin had failed to disclose $95 million of real estate that he owned and his role as director of Dune Capital International, an investment fund in a tax haven. Mnuchin described the omissions as mistakes made amid a mountain of bureaucracy. Following Trump's January 2017 announcement about an investigation into voter registration, it was discovered that Mnuchin is registered to vote in both California and New York. On February 13, 2017, Mnuchin was confirmed as secretary of the treasury by a vote of 53–47. He received unanimous support from Senate Republicans but from only one Senate Democrat,
Joe Manchin Joseph Manchin III (born August 24, 1947) is an American politician and businessman serving as the senior United States senator from West Virginia, a seat he has held since 2010. A member of the Democratic Party, Manchin was the 34th governor o ...
of West Virginia.


Tenure


Artificial intelligence

Mnuchin, when asked in an interview with Mike Allen of
Axios Axios commonly refers to: * Axios (river), a river that runs through Greece and North Macedonia * ''Axios'' (website), an American news and information website Axios may also refer to: Brands and enterprises * Axios, a brand of suspension produ ...
"whether he was worried about AI displacing jobs, replied: 'not at all... I think we are so far away from that' — 50 or 100 years — 'it's not even on my radar screen'." Former treasury secretary
Lawrence Summers Lawrence Henry Summers (born November 30, 1954) is an American economist who served as the 71st United States secretary of the treasury from 1999 to 2001 and as director of the National Economic Council from 2009 to 2010. He also served as pres ...
was among critics of the statement, likening it to climate denial and creationism. '' Fortune'' columnist Alan Murray, noting the dispute, said he thought "the core of the misunderstanding is the term 'artificial intelligence'". While he felt Mnuchin expressed understanding of the role of technology in the labor market and also worried that the secretary and President
Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of P ...
were both in their ways underestimating technology's impact, he thought the climate-denial charge was excessive.


Environment

In January 2020, Mnuchin dismissed
environmental activist The environmental movement (sometimes referred to as the ecology movement), also including conservation and green politics, is a diverse philosophical, social, and political movement for addressing environmental issues. Environmentalists advo ...
Greta Thunberg Greta Tintin Eleonora Ernman Thunberg (; born 3 January 2003) is a Swedish environmental activist who is known for challenging world leaders to take immediate action for climate change mitigation. Thunberg's activism began when she persuaded ...
, saying she should go to college and study economics before weighing in on policy. Others responded to Mnuchin, noting that thousands of economists with PhDs had signed a letter calling for taxation of carbon dioxide emissions.


Federal budget and benefits

On June 12, 2017, Mnuchin denied the
debt ceiling A debt limit or debt ceiling is a legislative mechanism restricting the total amount that a country can borrow or how much debt it can be permitted to take on. Several countries have debt limitation restrictions. Description A debt limit is a l ...
not being raised before the August recess would cease federal government operations, and said Congress should weigh the option of "changing the timing so that the debt ceiling matches the budget process so we don't have to deal with this in this format" during a House appropriations subcommittee hearing. On June 14, during a prepared testimony ahead of the House subcommittee on State, Foreign Operations and Related Programs, Mnuchin said the budget proposal on the part of the Trump administration "should send a message that the international financial institutions need to operate more efficiently". On July 13, in response to limited lifespans being reported of Social Security and Medicaid, Mnuchin said: "To help make these programs sustainable into the future, we should focus on strengthening the economy today. Compounding growth will help ease projected shortfalls."


Taxes

Mnuchin is a member of the so-called "Big Six", a group of politicians convened to write a tax reform proposal that incorporated input from members of the House of Representatives, Senate, and White House. In addition to Mnuchin, the group consists of senators
Orrin Hatch Orrin Grant Hatch (March 22, 1934 – April 23, 2022) was an American attorney and politician who served as a United States senator from Utah from 1977 to 2019. Hatch's 42-year Senate tenure made him the longest-serving Republican U.S. senato ...
(R-UT) and Mitch McConnell (R-KY); representatives Kevin Brady (R-TX) and Paul Ryan (R-WI); and National Economic Council Director Gary Cohn. Shortly after the November 2016 election, Mnuchin, as the planned nominee for secretary of the treasury, stated in an interview with CNBC that "any reductions we have in upper-income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class", which Senator Ron Wyden (D-OR) subsequently called "The Mnuchin Rule" during his Senate confirmation hearing. Brad McMillan, chief investment officer for
Commonwealth Financial Network Commonwealth Financial Network is a privately held Registered Investment Adviser–independent broker/dealer based in Waltham, Massachusetts, and 110 Plaza in San Diego, California. The company was founded in 1979 by Joseph S. Deitch and was in ...
, said a preliminary tax reform proposal by Trump in April 2017 "allocates much of the tax relief to the wealthy" and could increase the budget deficit. In a May 2017 event moderated by CNBC, Mnuchin stated the intent was to deliver a "middle-income tax cut", but that final results depended on the actions of Congress. Mnuchin appeared with White House Director of Legislative Affairs
Marc Short Marc Short (born March 3, 1970) is an American political advisor who served as chief of staff to Vice President Mike Pence. Prior to holding this role, Short was the director of legislative affairs at the White House from 2017 to 2018. He beca ...
in a July 2017 event when they vowed to have the tax reform proposal before Congress after it resumed operations on September 5, and Mnuchin added that "lowering the top arners'rate ould be offset byelimination of huge deductions. So, for most people in the top rate, they're not going to get a tax cut." Mnuchin walked back the "Mnuchin Rule" in a September 2017 interview with CNN prior to the release of the proposed tax reforms, saying the "no absolute tax cut for the upper class" phrase "was never a promise... never a pledge... it was what the president's objective was". Under the tax reform proposal, the top tax rate would decline from 39.6 to 35 percent, and the budget deficit would likely increase. During an appearance at the Milken Institute Global Conference on May 1, 2017, Mnuchin said the White House and House Republicans were united in views on tax reductions: "We're all on the same page. On 80% of the details, we're in agreement. Another 20%, we need to work through." During a conference in Ottawa on June 9, Mnuchin said government tax receipts were "coming in somewhat lower", but that this did not concern the administration. While appearing on
ABC News ABC News is the news division of the American broadcast network ABC. Its flagship program is the daily evening newscast ''ABC World News Tonight, ABC World News Tonight with David Muir''; other programs include Breakfast television, morning ...
on July 9, Mnuchin confirmed the administration was not considering a tax increase on the American upper class and the upcoming tax plan would finance itself. Mnuchin advocated for the
Tax Cuts and Jobs Act of 2017 The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, , is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs A ...
, a bill expected to add $1.5 trillion to the deficit. Mnuchin claimed the bill would pay for itself by causing explosive economic growth; he promised the treasury was working on an analysis that showed that, and that the analysis would be made public before Congress voted on the legislation. However, on November 30, 2017, sources within the Treasury department said Mnuchin had ordered no analysis of the tax plan and that there was no Treasury analysis that showed that the tax cuts would pay for themselves. In December 2017, the treasury released a one-page report on the tax plan which acknowledged that the plan would not pay for itself through economic growth. In May 2018, Mnuchin instructed his staff to accept a non-low-income tract in Storey County, Nevada, as an
Opportunity Zone An Opportunity Zone is a designation and investment program created by the Tax Cuts and Jobs Act of 2017 allowing for certain investments in lower income areas to have tax advantages. The purpose of this program is to put capital to work that would ...
shortly after attending a
Milken Institute The Milken Institute is an independent economic think tank based in Santa Monica, California with offices in Washington, DC, New York, Miami, London, Abu Dhabi, and Singapore. It publishes research and hosts conferences that apply market-based p ...
event in
Beverly Hills Beverly Hills is a city located in Los Angeles County, California. A notable and historic suburb of Greater Los Angeles, it is in a wealthy area immediately southwest of the Hollywood Hills, approximately northwest of downtown Los Angeles. ...
with
Michael Milken Michael Robert Milken (born July 4, 1946) is an American financier. He is known for his role in the development of the market for high-yield bonds ("junk bonds"), and his conviction and sentence following a guilty plea on felony charges for vio ...
. Milken was already an investor in the Nevada tract. In August 2018, Mnuchin attended a Milkin Institute conference on "opportunity zones" in
the Hamptons The Hamptons, part of the East End of Long Island, consist of the towns of Southampton and East Hampton, which together comprise the South Fork of Long Island, in Suffolk County, New York. The Hamptons are a popular seaside resort and one o ...
with Milken and later accepted a flight to Los Angeles with Milken on his private jet. Treasury later issued a regulatory guidance that allows prior investors to benefit from newly designated "opportunity zones".


International relations

At a March 18, 2017, meeting of
G-20 The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union (EU). It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, ...
country finance ministers, Mnuchin supported the Trump administration's trade policy of economic protectionism. During an April 24, 2017, White House briefing, Mnuchin announced Department of Treasury sanctions against the
Syrian Scientific Studies and Research Center The Scientific Studies and Research Center (SSRC), better known by its French name ''Centre D'Etudes et de Recherches Scientifiques'' (''CERS''), is a Syrian government agency that has the goal of advancing and coordinating scientific activities i ...
. He said the sanctions were designed to create accountability for the Bashar al-Assad regime and its supporters in the wake of their violations both of U.N. Security Council resolutions and of the Chemical Weapons Convention. On June 29, Mnuchin announced the Bank of Dandong, a Chinese bank, had sanctions imposed on it by the U.S. He charged the bank with acting "as a gateway for North Korea to access the U.S. and international financial systems". On March 15, 2018, Mnuchin unveiled a series of sanctions, first time under CAATSA as well as
Executive Order In the United States, an executive order is a directive by the president of the United States that manages operations of the federal government. The legal or constitutional basis for executive orders has multiple sources. Article Two of t ...
13694, against various Russian entities and individuals. Beginning in November 2019, Mnuchin facilitated negotiations between the governments of Egypt, Ethiopia, and Sudan with respect to the filling and operation of the
Grand Ethiopian Renaissance Dam , image = , image_caption = The main dam after first filling , image_alt = , location_map_caption = , coordinates = , country = Ethiopia , location = Guba, Benishangul-Gumuz Region , purpose = Power , status = UC , construction_began ...
after tripartite negotiations between the three countries languished after eight years of talks. Egypt has opposed the dam, fearing that it will reduce the amount of water it receives from the
Nile The Nile, , Bohairic , lg, Kiira , Nobiin: Áman Dawū is a major north-flowing river in northeastern Africa. It flows into the Mediterranean Sea. The Nile is the longest river in Africa and has historically been considered the longest ...
. In February 2020, Mnuchin stated that "final testing and filling should not take place without an agreement." Ethiopian Foreign Minister Gedu Andargachew said Mnuchin's advice to Ethiopia was "ill-advised".


Support for President Trump

While briefing reporters on April 26, Mnuchin said President Trump "has no intention" to release his tax returns, asserting that Trump "has released plenty of information". In the August 2017
Unite the Right rally The Unite the Right rally was a white supremacist rally that took place in Charlottesville, Virginia, from August 11 to 12, 2017. Marchers included members of the alt-right, neo-Confederates, neo-fascists, white nationalists, neo-Nazis, ...
in Charlottesville, Virginia, opposing the removal of Confederate statues, protesters included neo-Nazis and Klansmen, leading to violent conflicts. President Trump said there was "blame on both sides". Several hundred of Mnuchin's Yale classmates drafted a letter urging him to resign from the administration in protest. Mnuchin responded by saying: "While I find it hard to believe I should have to defend myself on this, or the president, I feel compelled to let you know that the president in no way, shape, or form, believes that neo-Nazi and other hate groups who endorse violence are equivalent to groups that demonstrate in peaceful and lawful ways." On September 24, Mnuchin appeared on ''This Week'' and ''State of the Union'' to defend Trump's call to "get that son of a bitch off the field right now", referring to the protests by professional athletes starting in 2016, most notably marked by
Colin Kaepernick Colin Rand Kaepernick ( ; born November 3, 1987) is an American civil rights activist and football quarterback who is a free agent. He played six seasons for the San Francisco 49ers in the National Football League (NFL). In 2016, he knelt du ...
kneeling during the pregame singing of the national anthem. Mnuchin said: "...it's not about race, it's not about free speech. They can do free speech on their own time.... is is about respect for the military and first responders in the country."


Comments on ''Lego Batman'' movie

In March 2017, Mnuchin drew ethics concerns as regarding a statement he had made urging parents to "send all your kids to ''LEGO Batman''" during an interview with
Axios Axios commonly refers to: * Axios (river), a river that runs through Greece and North Macedonia * ''Axios'' (website), an American news and information website Axios may also refer to: Brands and enterprises * Axios, a brand of suspension produ ...
, apparently endorsing ''
The Lego Batman Movie ''The Lego Batman Movie'' is a 2017 computer-animated superhero comedy film produced by Warner Animation Group, DC Entertainment, RatPac Entertainment, Lego System A/S, Dan Lin's Lin Pictures, Phil Lord and Christopher Miller's Lord Miller Pro ...
,'' of which he was an executive producer. Earlier in the interview, Mnuchin acknowledged: "I'm not allowed to promote anything that I'm involved in." In response, Mnuchin wrote in a letter to
Walter Shaub Walter Michael Shaub Jr. (born February 20, 1971) is an American attorney specializing in government ethics who, from January 9, 2013 to July 19, 2017, was the director of the United States Office of Government Ethics. As of July 19, 2017, he jo ...
at the Office of Government Ethics (OGE) that he "should not have made that statement", and assured the OGE that "it was not my intention to make a product endorsement".


Divestment from prior businesses

In May 2017, it was reported that Mnuchin's fiancée,
Louise Linton Louise Linton ( née Hay; born 20 December 1980) is a Scottish actress. She has appeared in the horror films ''Cabin Fever'' and '' Intruder'', in minor roles in the television series ''CSI: NY'' and ''Cold Case'', and wrote, directed, produced ...
, had succeeded him as the interim CEO of
Dune Entertainment RatPac Entertainment (also known as RatPac-Dune Entertainment, a co-financing agreement it was part of) was an American motion picture production company owned by producer-director Brett Ratner. RatPac was founded by Ratner and billionaire James ...
effective February 2017. Mnuchin had stepped down from the role as part of his ethics agreement to divest his business roles in preparation for his appointment as Secretary of the Treasury. Linton's announcement of her role at Dune Entertainment drew the attention of Senator Ron Wyden -Oregon a member of the
Senate Finance Committee The United States Senate Committee on Finance (or, less formally, Senate Finance Committee) is a standing committee of the United States Senate. The Committee concerns itself with matters relating to taxation and other revenue measures general ...
, who questioned whether the appointment of Linton meant Mnuchin had fully divested from the company. Although the Department of the Treasury replied that she was serving in an uncompensated capacity, Linton resigned as interim CEO later in May.


Use of government aircraft

Following criticism of his use of a
United States Air Force The United States Air Force (USAF) is the Aerial warfare, air military branch, service branch of the United States Armed Forces, and is one of the eight uniformed services of the United States. Originally created on 1 August 1907, as a part ...
jet on a trip to
Kentucky Kentucky ( , ), officially the Commonwealth of Kentucky, is a state in the Southeastern region of the United States and one of the states of the Upper South. It borders Illinois, Indiana, and Ohio to the north; West Virginia and Virginia ...
that involved viewing the solar eclipse, the Treasury Department's Office of the Inspector General (OIG) opened up an inquiry into Mnuchin's use of government aircraft. The watchdog group Citizens for Responsibility and Ethics in Washington (CREW) filed a Freedom of Information Act (FOIA) request regarding Mnuchin's use of government aircraft. After the government failed to respond to the FOIA request, CREW sued the Department of the Treasury to release the documents. Mnuchin denied the trip was related to viewing the solar eclipse, saying: "People in Kentucky took he solar eclipsevery seriously. Being a New Yorker, I don't have any interest in watching the eclipse." Mnuchin, who was accompanied by his wife
Louise Linton Louise Linton ( née Hay; born 20 December 1980) is a Scottish actress. She has appeared in the horror films ''Cabin Fever'' and '' Intruder'', in minor roles in the television series ''CSI: NY'' and ''Cold Case'', and wrote, directed, produced ...
on the trip, reimbursed the government for Linton's travel to Kentucky, which amounted to $595 out of a total cost of $26,900. During the OIG's investigation into Mnuchin's use of government aircraft, it was revealed that Mnuchin had requested a military jet for his honeymoon travel to Europe in June 2017. Mnuchin stated that, as a member of the
United States National Security Council The United States National Security Council (NSC) is the principal forum used by the President of the United States for consideration of national security, military, and foreign policy matters. Based in the White House, it is part of the Exe ...
, he needed access to secure communications during his honeymoon, but withdrew his request for the military jet after an alternative was identified. Mnuchin stated: "I'm very sensitive to the use of government funds. I've never asked the government to pay for my personal travel... The story egarding the honeymoon travel requestwas quite misreported." The OIG investigation also showed Mnuchin had taken a
USAF The United States Air Force (USAF) is the Aerial warfare, air military branch, service branch of the United States Armed Forces, and is one of the eight uniformed services of the United States. Originally created on 1 August 1907, as a part ...
C-37A, the military designation of the Gulfstream V, to return from New York to Washington on August 15 after flying to New York commercially. Although the request for travel on the military jet was initiated by Mnuchin's office, the aircraft had previously been used to fly Transportation Secretary
Elaine Chao Elaine Lan Chao (born March 26, 1953) is an American businesswoman and former government official. A member of the Republican Party, she served as the 18th United States secretary of transportation in the Trump administration from 2017 to 2021, ...
from Joint Base Andrews to
Teterboro Airport Teterboro Airport is a general aviation relief airport in the boroughs of Teterboro, Moonachie, and Hasbrouck Heights in Bergen County, New Jersey. The referenced Daley Memo was issued by then-White House Chief of Staff
William M. Daley William Michael Daley (born August 8, 1948) is an American lawyer, politician and former banker. He served as White House Chief of Staff to President Barack Obama, from January 2011 to January 2012. He also served as U.S. Secretary of Commer ...
on April 4, 2011, and it stated the standards for use of government aircraft by senior executive branch officials were given in
OMB Circular A-126 OMB Circular A-126, revised May 22, 1992, is a Government circular that introduces standards and policies to minimize the cost and improve the management and use of United States Government aircraft. Specifically, OMB Circular A-126 addresses the a ...
, dated February 10, 1993. The Daley Memo also states that travel using military aircraft must be considered a White House Support Mission, taken at the specific direction of the President under one of a set of limited circumstances that "make commercial transportation unacceptable". The typical reimbursement paid by requesting federal executive agencies covers only the cost of an equivalent coach ticket on a commercial flight. In the report, the OIG reviewed nine travel requests by Mnuchin for military air transportation since March 2017, of which seven were approved and taken, one was withdrawn, and one was approved with travel pending in late October 2017. The total cost of the seven trips taken was $811,800, calculated from per-hour cost and operating hours for the specific aircraft, or Air Force-provided direct costs of operations. Two of the flights, taken to Europe in March and May 2017, each cost more than $300,000. On one flight, to Ottawa in June, Mnuchin was accompanied by his then-fiancée Linton. The total cost of the Ottawa trip was $16,350, and the reimbursement repaid for Linton's cost of travel was $744. Due to an inconsistency in the records provided for the trip to New York on August 15, the OIG opened a second inquiry in October 2017, "to assure that he OIGhave in fact received all relevant records".


Student heckling incident

Mnuchin spoke at UCLA on February 26, 2018, where he was heckled and initially blocked the video from being released. The university said in a statement that Mnuchin, who at first "subsequently withdrew" his approval for the video to be posted online, later gave consent for the video to be published.


Personal life

Mnuchin's mother was a long-time investor with Bernie Madoff. After his mother died in early 2005, Mnuchin and his brother liquidated her investments, making $3.2 million. A Madoff trustee sued to retrieve the money from the Mnuchins, but a court ruled that the Madoff trust could recoup money only from those who had cashed out less than two years before the December 2008 collapse of Madoff's company.


Marriages

From 1992 to 1999, Mnuchin was married to Kathryn Leigh McCarver. In 1999, Mnuchin married Heather deForest Crosby, and they had three children together. Heather Mnuchin was active in philanthropy and AZIAM yoga. After he bought IndyMac, Mnuchin moved to a , $26.5 million house in
Bel Air, Los Angeles Bel Air (or Bel-Air) is a residential neighborhood on the Westside of Los Angeles, California, in the foothills of the Santa Monica Mountains. Founded in 1923, it is the home of the Hannah Carter Japanese Garden and the American Jewish Univers ...
, California, because the company's headquarters was in
Pasadena Pasadena ( ) is a city in Los Angeles County, California, northeast of downtown Los Angeles. It is the most populous city and the primary cultural center of the San Gabriel Valley. Old Pasadena is the city's original commercial district. ...
. They divorced in 2014. Mnuchin married actress
Louise Linton Louise Linton ( née Hay; born 20 December 1980) is a Scottish actress. She has appeared in the horror films ''Cabin Fever'' and '' Intruder'', in minor roles in the television series ''CSI: NY'' and ''Cold Case'', and wrote, directed, produced ...
on June 24, 2017. Vice President Mike Pence presided over the ceremony.


Non-profit work

Mnuchin served as a member of the development board of
Yale University Yale University is a Private university, private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the List of Colonial Colleges, third-oldest institution of higher education in the United Sta ...
, as a board member of the
Riverdale Country School Riverdale Country School is a co-educational, independent, college-preparatory day school in New York City serving pre-kindergarten through twelfth grade. It is located on two campuses covering more than in the Riverdale section of the Bronx, Ne ...
, as a member of the national board and senior member of the non-profit youth organization
Junior Achievement JA (Junior Achievement) Worldwide is a global non-profit youth organization founded in 1919 by Horace A. Moses, Theodore Vail, and Winthrop M. Crane. JA works with local businesses, schools, and organizations to deliver experiential learning ...
, to which he had donated money, and as a board member of the
Hirshhorn Museum and Sculpture Garden The Hirshhorn Museum and Sculpture Garden is an art museum beside the National Mall, in Washington, D.C., the United States. The museum was initially endowed during the 1960s with the permanent art collection of Joseph H. Hirshhorn. It was desig ...
.


See also

*
List of people and organizations named in the Paradise Papers A ''list'' is any set of items in a row. List or lists may also refer to: People * List (surname) Organizations * List College, an undergraduate division of the Jewish Theological Seminary of America * SC Germania List, German rugby uni ...


References


External links


Secretary of the Treasury Steven T. Mnuchin
* * * {{DEFAULTSORT:Mnuchin, Steven 1962 births 20th-century American businesspeople 21st-century American businesspeople American bankers American film producers American hedge fund managers American people of Russian-Jewish descent Goldman Sachs people Living people Politicians from New York City Trump administration cabinet members United States Secretaries of the Treasury Jewish American members of the Cabinet of the United States Yale College alumni Riverdale Country School alumni People named in the Paradise Papers