Senate confirms billionaire investor as commerce secretary
WASHINGTON - The Senate has confirmed billionaire investor Wilbur Ross as commerce secretary as President Donald Trump adds to his economic team.
Breaking with Republican orthodoxy, Ross said the Trump administration will work quickly to re-do the North American Free Trade Agreement. That's the massive trade pact with Canada and Mexico that has boosted trade but still stings laid-off workers across the Midwest.
Senators from both political parties were deferential to Ross at his nearly four-hour confirmation hearing, which was much more subdued than the confirmation hearings of other Trump nominees.
Worth an estimated $2.9 billion, Ross has extensive business ties around the globe. In 2000, he founded WL Ross & Co., a private equity firm. As part of his ethics agreement, Ross will divest from the firm.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Officers, teens discuss difficult issues at Baton Rouge conference
EBR sheriff's deputy changing tire goes viral
New Roads community commemorates Memorial Day with a 'blessing of the boats'
Crews respond to fire at abandoned house on Lobelia Avenue
Video of EBR sheriff's deputy changing tire goes viral