ECONOMY

Trump Treasury Nominee Defends Role In Foreclosure Crisis

Steven Mnuchin, Donald Trump's pick for treasury secretary, said the bank he ran did what it could to minimize foreclosures during the financial crisis. He also defended his use of offshore accounts for hedge fund clients, while acknowledging the need to close loopholes. Mnuchin also told lawmakers he thinks the Internal Revenue Service needs a bigger staff and better technology.

Trump's Picks For Special Advisers Present Potential Ethical Issues

President-elect Trump has named two businessmen as special advisers: Wall Street legend Carl Icahn and former New York City Mayor Rudy Giuliani. Icahn will advise the White House on regulatory reform and Giuliani on cybersecurity. But Icahn makes billions through Wall Street trading, and Giuliani makes millions from his security consulting firm, which presents some potential ethical issues.