Trump chooses Steven Mnuchin for Treasury, Wilbur Ross for Commerce

NEW YORK — President-elect Donald Trump’s selection for Treasury secretary says tax reform will be his top priority and promises the largest tax overhaul since the Reagan administration.

Steven Mnuchin made the pledge in an interview with CNBC on Tuesday.

Mnuchin, a former Wall Street insider who ran a series of eclectic businesses before becoming a Hollywood producer, confirmed that he was Trump’s pick for the Treasury job, which has vast responsibility for regulating the financial industry and oversees the IRS.

Wilbur Ross, a billionaire who has made a career of resurrecting dying companies, confirmed in the same interview that he is Trump’s choice for commerce secretary, the face of American business around the world.