CNN Money-

Billionaire investor Wilbur Ross is President-elect Donald Trump’s pick for Commerce secretary, two sources tell CNN.

The nomination is expected to be rolled out as part of an economic team announcement on Wednesday, when Trump will likely name Steven Mnuchin as treasury secretary.

The Cabinet-level position, which requires Senate confirmation, serves as the government’s chief business advocate. The Commerce secretary is a liaison between companies and the White House. Ross could play a key role in what are expected to be Trump’s signature economic policy issues like trade and jobs.

[CNN MONEY]

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