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New Treasury Secretary to Target Dodd-Frank

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News video: New Treasury Secretary to Target Dodd-FrankDonald TrumpDonald Trump
On Wednesday morning, Donald Trump’s pick for treasury secretary, Steve Mnuchin, said that the new presidential administration plans to target the Dodd-Frank financial regulation law in an effort to stimulate economic growth. Mnuchin, a long-time Goldman Sachs banker, told CNBC’s “Squawk Box” that going after the law will be one of his top priorities, saying, "The number one problem with Dodd-Frank is it’s way too complicated and it cuts back lending.

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