Trump’s Pick for Treasury Deputy-Secretary Withdraws

Courtesy: HousingWire

James Donovan, a longtime Goldman Sachs executive, who was poised to be the second-in-command at the Treasury Department, is backing out of consideration, according to a DealBook article.

Mr. Donovan, 50, recently informed administration officials that he could no longer take the job due to unexpected family matters that require his attention. "I am deeply honored by President Trump's decision to nominate me," Mr. Donovan said in a statement. "However, at this time I want to focus on my family, and I can no longer accept it. I hope to be able to serve this administration in the future and fully support President Trump and Secretary Mnuchin's ongoing work to reform the tax system and grow the U.S. economy."

For the most recent developments and updates on key nominees at Federal agencies, see SFIG's Key Policymaker Tracker here.

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