INTERVIEW — PETER MORICI – an economist and business professor at the University of Maryland

Trump announces new picks for cabinet (Commerce/Treasury): Trump named key members of his economic team, tapping hedge-fund manager and campaign aide Steven Mnuchin as secretary of the Treasury and billionaire investor Wilbur Ross as secretary of Commerce.

In an interview with CNBC, Mnuchin said his priority is cutting taxes, particularly corporate taxes. “By cutting corporate taxes, we’re going to create huge economic growth and we’ll have huge personal income,” Mnuchin said.