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The Senate voted Monday to confirm billionaire investor Wilbur Ross as secretary of commerce in President Trump's Cabinet. Ross was approved by a vote of 72-27, with 20 Democrats and Sen. Angus King, I-Maine, joining 51 Republicans to vote "aye." Sen. Johnny Isakson, R-Ga., did not vote due to his ongoing recovery from back surgery. The Senate later voted 67-31 to move forward on the nomination of Rep. Ryan Zinke, R-Mont., to lead the Interior Department. A final vote on Zinke's confirmation could occur on Tuesday or Wednesday. Ross is the 14th member of Trump's Cabinet to be cofirmed, with...

Wilbur Ross to run the Commerce Department? The 79-year-old distressed investment guy? At first it makes no sense. Bottom fishing old industrial companies is not the magic elixir to fix our economy. The Ross nomination reminds me of a Kidder Peabody executive’s line in 1987, when General Electric announced a new CEO for its investment banking subsidiary: “I was thinking just the other day that what we need around here is a good tool-and-die man.” I met Mr. Ross a few years back when he was touting his investments in shipping companies. Those firms were, as many still are, very...

Chicago Cubs co-owner Todd Ricketts to be Trump's deputy commerce secretary Wednesday, November 30, 2016 CHICAGO - Chicago Cubs' co-owner Todd Ricketts has been chosen to serve the Trump Administration as deputy Commerce Secretary under billionaire Wilbur Ross. Wednesday morning, news leaked that after meeting with President-elect Donald Trump at his New York offices last week, the 2016 World Champions' Ricketts was open to the opportunity to serve the incoming commander-in-chief.

Mnuchin will be Treasury Secretary Ross will lead the Commerce Department. President-elect Donald Trump has filled more top posts on his economic team — picking former Goldman Sachs executive Steven Mnuchin as treasury secretary and financier Wilbur Ross to lead the Commerce Department. Mnuchin is confirming that he and Ross are joining Trump’s Cabinet, pending confirmation by the Senate. He tells CNBC’s “Squawk Box” in an interview Wednesday that “we’re thrilled to work for the president-elect and honored to have these positions.” Mnuchin says “sustained economic growth” is the chief priority of the incoming administration and he says “we can...