Trump’s Choice for Deputy Treasury Secretary is Confirmed

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It was a long confirmation process for President Trump’s choice for Deputy Treasury Secretary, but he was finally confirmed today by the US Senate.

Back in April, the White House announced several new appointees, including Muzinich.

The Hill reports:

“Justin George Muzinich of New York, to be the Deputy Secretary of the Treasury.  Mr. Muzinich currently serves as Counselor to the Secretary of the Treasury.  Mr. Muzinich advises the Secretary on domestic and international policy initiatives, including tax reform. Immediately prior to joining the Treasury Department, he was President of Muzinich & Co., an international investment firm, and taught at Columbia Business School. Mr. Muzinich holds a J.D. from Yale Law School where he was an Olin Fellow, an M.B.A. from Harvard Business School where he was a Baker Scholar, and a B.A. from Harvard.

This week Muzinich received his confirmation.  A significant boost for the Trump Administration.

The Hill Reports:

“The Senate on Tuesday confirmed President Trump’s nominee for deputy Treasury secretary after a key Democrat lifted a hold on the nomination.The nominee, Justin Muzinich, was confirmed by a largely party-line vote of 55-44.Muzinich will be the first person to serve as the Senate-confirmed deputy Treasury secretary in the Trump administration. The position is the No. 2 job in the department.

“Muzinich has worked at Treasury since early 2017, serving as a counselor to Treasury Secretary Steven Mnuchin. He played a key role in the tax-cut law Trump signed last year.

“Republicans have praised Muzinich for his work on the tax law.

“Senate Majority Leader Mitch McConnell (R-Ky.) on Monday called Muzinich ‘well-qualified’ and said it’s important for Treasury to have a deputy secretary as it implements the new tax law and develops foreign sanctions.”

Today, House Ways and Means Committee Chairman Kevin Brady (R-TX) released the following statement after the Senate confirmed Justin Muzinich to be Deputy Secretary for the U.S. Department of the Treasury:

“I want to congratulate Justin on his successful confirmation to this important role at Treasury. As the House, Senate, and Administration worked together on the Tax Cuts and Jobs Act to make America more competitive and cut taxes for working families, Justin was an invaluable source of counsel not just to Secretary Mnuchin, but to all of us who were involved. I am confident he will excel in this new position and continue to be a great leader in the Administration as we work to implement our new tax code.”

 

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