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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 CruzHillicon Valley: Big Tech hearing the most partisan yet | Rubio warns about foreign election interference | Trump campaign site briefly hacked Tech CEOs clash with lawmakers in contentious hearing Trump announces intention to nominate two individuals to serve as FEC members MORE (R-Texas) at a rally in South Carolina last year. "Just like they have total control over Hillary ClintonHillary Diane Rodham ClintonHillary Clinton responds to Chrissy Teigen tweet: 'I love you back' Trump fights for battleground Arizona Biden leads Trump by 12 in new national poll MORE.”