Speed Reads

drain the swamp?

Trump officially nominates Goldman Sachs President Gary Cohn to head his National Economic Council

President-elect Donald Trump has now nominated a third person with Goldman Sachs ties to serve in his White House. On Monday, the president-elect officially announced that he has tapped Goldman Sachs President Gary Cohn to serve as director of his National Economic Council. "As my top economic adviser, Gary Cohn is going to put his talents as a highly successful businessman to work for the American people," Trump said in a statement. "He will help craft economic policies that will grow wages for our workers, stop the exodus of jobs overseas, and create many great new opportunities for Americans who have been struggling."

When Cohn's possible appointment was first reported last week, eyebrows immediately shot up. Though Trump promised to drain the swamp during his campaign, repeatedly hitting Hillary Clinton for her Wall Street ties, he had already tapped former Goldman Sachs partner Steven Mnuchin for treasury secretary and Stephen Bannon, a previous employee of the investment banking giant, to be his chief strategist.