Trump names another Goldman Sachs executive to senior administration role

Trump names another Goldman Sachs executive to senior administration role
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President Trump has nominated another Goldman Sachs executive to a senior role, marking the fifth former or current Goldman employee to join the new administration.

James Donovan, a Goldman Sachs managing director, will serve as deputy Treasury secretary, the White House announced on Tuesday.

Donovan, who The Washington Post reported previously backed Mitt Romney's and Jeb Bush’s presidential campaigns, is expected to work on Trump's domestic policy agenda.

Since the election, Trump has selected two current and two former Goldman Sachs executives for senior administration posts.

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Treasury Secretary Steven Mnuchin, to whom Donovan will report in his post, and White House chief strategist Stephen Bannon are both former Goldman executives.

Gary Cohn, who was Goldman chief operating officer, now serves as director of the White House National Economic Council. Trump picked Goldman’s head of impact investing, Dina Powell, to be the White House senior counselor for economic initiatives.

Trump was critical of Goldman Sachs during his campaign and quick to connect his opponents to Wall Street.

"I know the guys at Goldman Sachs. They have total, total control over him,” Trump said of Sen. Ted CruzRafael (Ted) Edward CruzEl Chapo's lawyer fires back at Cruz: 'Ludicrous' to suggest drug lord will pay for wall Democrats have a chance of beating Trump with Julian Castro on the 2020 ticket Poll shows competitive matchup if O’Rourke ran for Senate again MORE (R-Texas) at a rally in South Carolina last year. "Just like they have total control over Hillary ClintonHillary Diane Rodham ClintonRoger Stone shares, quickly deletes Instagram photo of federal judge on his case Barack, Michelle Obama expected to refrain from endorsing in 2020 Dem primary: report Why the national emergency? A second term may be Trump’s only shield from an indictment MORE.”