Trump picks loyalists for economic posts, Obamacare critic for cabinet

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By Steve Holland

NEW YORK (Reuters) – U.S. President-elect Donald Trump chose a former Goldman Sachs banker and a billionaire investor on Tuesday to steer economic policy in his administration and a fierce Obamacare critic to dismantle President Barack Obama’s signature healthcare program.

Republican Trump is expected to name Steven Mnuchin, a former Goldman Sachs partner and Hollywood financier, as his nominee for Treasury secretary, a source said, putting a Wall Street veteran in the top U.S. economic Cabinet post.

Mnuchin, who spent 17 years at Goldman Sachs before leaving in 2002 to launch a hedge fund, served as Trump’s campaign finance chairman.

Billionaire investor Wilbur Ross, known for his investments in distressed industries, is expected to be named commerce secretary, a source said.

The announcements could come as early as Wednesday.

The flurry of picks showed Trump, a real…

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