Trump Pick for Treasury Department No. 2 Is Dropping Out -- Update
May 19 2017 - 4:25PM
Dow Jones News
By Ryan Tracy
WASHINGTON -- The Trump Administration's nominee for the No. 2
spot at the Treasury Department is dropping out.
James Donovan, a private banker at Goldman Sachs Group Inc., had
been nominated for the post of deputy Treasury secretary.
The department continues to operate with few Senate-confirmed
appointees for senior positions.
It wasn't immediately clear why the decision was made. A
Treasury spokesman said in a statement that Treasury Secretary
Steven Mnuchin "offers Jim his support and friendship as he focuses
his attention on his family."
"Jim has been an enormous asset to the department helping
recruit and fill many of the senior jobs at Treasury," the
statement also said.
Mr. Donovan in a written statement said: "I am deeply honored by
President Trump's decision to nominate me as Deputy Secretary of
the U.S. Department of the Treasury. 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,"
he added.
Write to Ryan Tracy at ryan.tracy@wsj.com
(END) Dow Jones Newswires
May 19, 2017 16:10 ET (20:10 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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