Treasury’s top-level homogeneity is a microcosm of diversity troubles across the Trump administration
When Treasury Secretary Steven Mnuchin postponed installing abolitionist Harriet Tubman on the $20 bill, critics viewed it as further evidence of the administration’s lack of sensitivity to race, gender and history.
“When you do not have diversity at an agency in terms of gender, race, ethnicity and financial perspective and those are the people driving our policy, that is f---ing frightening,” said another former administration official.Sign Up . The problem grabs headlines each time a senior White House official who’s a women or person of color. The Trump Cabinet overall includes only a handful of racial or ethnic minorities and women holding some of the government’s highest jobs.
Treasury’s diversity woes have become a topic of great discussion within an agency that holds sway over some of the nation’s most consequential economic issues, from housing finance to taxes to household debt to bank regulation — policy areas that shape prosperity for all Americans. One Treasury official pointed to U.S. Treasurer Jovita Carranza — selected in April to run the Small Business Administration — and Under Secretary of the Treasury for Terrorism and Financial Intelligence Sigal Mandelker as top female officials who have Mnuchin’s trust.
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