Charles S. Clark | April 5, 2019 | 0 Comments

Trump to Nominate U.S. Treasurer to Run Small Business Administration

Treasury Secretary Steve Mnuchin, left, gives two thumbs up for U.S. Treasurer Jovita Carranza, right, as she is acknowledged by President Donald Trump at an event about taxes in June 2018. Treasury Secretary Steve Mnuchin, left, gives two thumbs up for U.S. Treasurer Jovita Carranza, right, as she is acknowledged by President Donald Trump at an event about taxes in June 2018. Jacquelyn Martin/AP

A tweet from President Trump Thursday night announced his intention to nominate Jovita Carranza, currently the Treasurer of the United States, to heat the Small Business Administration.

“I am pleased to announce that Jovita Carranza will be nominated as the new @SBAgov Administrator,” Trump wrote. “She will be replacing Linda McMahon, who has done an outstanding job. Jovita was a great Treasurer of the United States – and I look forward to her joining my Cabinet!”

Carranza worked as a Senate-confirmed deputy administrator at SBA during the George W. Bush administration and previously had a 20-year career at the United Parcel Service, ending as president of Latin America and Caribbean operations.

As Treasurer, Carranza serves as a principal adviser to Treasury Secretary Steven Mnuchin, oversees the Office of Consumer Policy and coordinates the interagency Financial Literacy and Education Commission.

During the 2016 campaign, she was a Trump backer on his National Hispanic Advisory Council, according to Politico. McMahon, who is leaving SBA on April 12, is reportedly becoming chair of America First Action, a pro-Trump political action committee.

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