The daily business briefing: March 22, 2017

Trump's labor secretary nominee heads into his confirmation hearing, Sears struggles, and more

Sears
(Image credit: Scott Olson/Getty Images)

1. Labor nominee Alexander Acosta heads into confirmation hearing

Labor secretary nominee Alexander Acosta heads into his confirmation hearing on Wednesday with support from Big Labor, suggesting a relatively smooth path ahead. Acosta was President Trump's second choice for the job, stepping in after fast-food CEO Andrew Puzder dropped out. Acosta is likely to face tough questions over a plea deal he approved as U.S. attorney for a billionaire in a child sex case, but Republican senators said his three previous confirmations for federal positions suggest he won't face too much opposition. In prepared remarks, Acosta, who will be the first Hispanic member of Trump's Cabinet if confirmed, vowed to work with Congress to help Americans get the training they need to get good, safe jobs.

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