The Senate is set to confirm Steven Mnuchin as Secretary of the Treasury later today according to the Associated Press. Democrats have said the former banker failed to protect thousands of homeowners from unnecessary foreclosures when he was head of OneWest Bank. Mnuchin says he worked hard to assist homeowners with refinancing so they could stay in their homes.
Brexit and the election of Donald Trump are heightening economic risks for Europe, according to the European Commission. It warned of continued fallout from the two political events that dominated 2016. In its first set of economic forecasts compiled since Trump’s election victory and with the British government gearing up to officially trigger its EU exit, the Brussels-based commission said today that the recovery is “assailed by risks.” Gross domestic product in the 19-nation region will grow 1.6%this year, slower than the 1.7% expansion in 2016.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
