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Wall Street back in favour with Trump cabinet picks

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Democrats have signalled they intend tough scrutiny for Mr Mnuchin (left). Mr Ross was nicknamed the "king of bankruptcy" for his record of profiting from dying industries.

New York

THE nominations of Steven Mnuchin and Wilbur Ross to the Trump cabinet on Wednesday positions Wall Street to exert renewed influence over the US economy after retreating somewhat in the Obama years.

Mr Mnuchin, 53, president-elect Donald Trump's pick to head the Treasury