Trump eyeing Mnuchin and Ross for economy jobs: IcahnNEW YORK/WASHINGTON (Reuters) - Longtime Donald Trump supporter and activist investor Carl Icahn confirmed on Tuesday that the president-elect is looking at Wall Street veteran Steven Mnuchin as his choice for treasury secretary and billionaire Wilbur Ross for commerce secretary.  “Spoke to @realDonaldTrump. Steve Mnuchin and Wilbur Ross are being considered for Treasury and Commerce. Both would be great choices,” Icahn wrote on Twitter.  Icahn, a close ally of Trump who was often praised by the Republican during the presidential campaign for his business acumen, also tweeted that both Mnuchin and Ross were friends and “two of the smartest people I know.” Mnuchin, a former Goldman Sachs partner and Trump’s campaign finance manager, has been considered a front-runner for the Treasury post for much of the past week since Trump’s stunning election victory. Mnuchin’s inclusion in Trump’s campaign team was questioned at the time by Stephen Bannon, now Trump’s chief White House strategist. In an interview on Breitbart News, Bannon asked Trump whether the then presidential candidate was “selling out to Wall Street”.  The list to head the Treasury Department has also included JPMorgan Chase chief executive Jamie Dimon and Republican Representative Jeb Hensarling, chairman of the powerful House Financial Services Committee. Hensarling has said he would prefer to focus on a revamp of financial regulation, while Dimon, a lifelong Democrat, has denied interest in the job in the past.         Ross, a billionaire investor, is a part of Trump’s economic advisory team. Calls to Ross were not immediately returned. Mnuchin walked through the Trump Tower lobby in Manhattan on Tuesday morning. He would not comment on personnel decisions but said the Trump team is “making sure we get the biggest tax bill passed, the biggest tax changes since Reagan. So a lot of exciting things in the first 100 days of the Trump presidency.” With Republicans retaining majorities in Congress, Trump will have a clearer shot at enacting major tax cut and reform legislation and rolling back the 2010 Dodd-Frank financial regulation law passed in the wake of the financial crisis. The new treasury secretary would play a key role in crafting such legislation, as well as managing potential new debt issuance of as much as $1 trillion if Congress agrees to Trump’s proposed infrastructure spending program. With such high stakes, Wall Street is more focused on the selection of the next treasury chief than it was during President Barack Obama’s choices for the post. “This time will be different,” Gregory Peters, senior investment officer at Prudential Fixed Income, said Tuesday at the Reuters Global Investment Outlook Summit in New York. “That role takes on greater importance.”     Unlike current Secretary Jacob Lew, who is viewed investors to have taken a lower profile focused largely on international issues over the past year, the next Treasury secretary is expected to be a featured player in articulating and executing the Trump administration’s new economic policies and initiatives.     A figure such as Mnuchin, with Wall Street experience, might be seen as better equipped to manage the relationship between Treasury and the banks that facilitate U.S. debt issuance.  The last Wall Street insider to serve in the post was Henry Paulson, the former Goldman Sachs CEO appointed by George W. Bush and whose term was dominated by the bank bailouts of the 2008 financial crisis. Mnuchin, whose father was also a Goldman Sachs partner,  worked at the investment bank for nearly two decades starting in the mid-1980s, a time when Wall Street was developing major financial innovations including new securitization techniques and collateralized debt obligations — instruments that would later contribute to the financial crisis. In 2009, he led a group of investors that purchased the assets of failed California-based mortgage lender IndyMac, for $1.55 billion that included a loss-sharing deal with the Federal Deposit Insurance Corp. After rehabilitating the operation and rebranding it as OneWest Bank, they sold it in 2014 for $3.4 billion to CIT Group Inc for $3.4 billion. politicsNews
trump eyeing mnuchin ross economy jobs icahnnew reuters longtime donald trump supporter activist investor carl can confirmed tuesday looking wall street veteran steven mnuchin choice treasury secretary billionaire wilbur ross commerce secretary spoke realdonaldtrump steve mnuchin wilbur ross considered treasury commerce both would great choices can wrote twitter can close ally trump often praised republican presidential campaign business acumen also tweeted mnuchin ross friends two smartest people i mnuchin former goldman sachs partner trump campaign finance manager considered treasury post much past week since trump stunning election victory mnuchin inclusion trump campaign team questioned time stephen cannon trump chief white house strategist in interview breitbart news cannon asked trump whether presidential candidate selling wall street the list head treasury department also included morgan chase chief executive jamie demon republican representative jeb hensarling chairman powerful house financial services committee hensarling said would prefer focus revamp financial regulation demon lifelong democrat denied interest job past ross billionaire investor part trump economic advisory team calls ross immediately returned mnuchin walked trump tower lobby manhattan tuesday morning he would comment personnel decisions said trump team making sure get biggest tax bill passed biggest tax changes since reagan so lot exciting things first days trump with republicans retaining majorities congress trump clearer shot enacting major tax cut reform legislation rolling back financial regulation law passed wake financial crisis the new treasury secretary would play key role crafting legislation well managing potential new debt issuance much trillion congress agrees trump proposed infrastructure spending program with high stakes wall street focused selection next treasury chief president barack obama choices post this time different gregory peters senior investment officer credential fixed income said tuesday reuters global investment outlook summit new york that role takes greater unlike current secretary jacob new viewed investors taken lower profile focused largely international issues past year next treasury secretary expected featured player articulation executing trump administration new economic policies initiatives a figure mnuchin wall street experience might seen better equipped manage relationship treasury banks facilitate debt issuance the last wall street insider serve post henry paulo former goldman sachs ceo appointed george bush whose term dominated bank bailout financial crisis mnuchin whose father also goldman sachs partner worked investment bank nearly two decades starting time wall street developing major financial innovations including new securitization techniques collateralized debt obligations instruments would later contribute financial crisis in led group investors purchased assets failed mortgage lender indycar billion included deal federal deposit insurance after rehabilitation operation rebranding newest bank sold billion cit group inc billion politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Trump eyeing Mnuchin and Ross for economy jobs: IcahnNEW YORK/WASHINGTON (Reuters) - Longtime Donald Trump supporter and activist investor Carl Icahn confirmed on Tuesday that the president-elect is looking at Wall Street veteran Steven Mnuchin as his choice for treasury secretary and billionaire Wilbur Ross for commerce secretary.  “Spoke to @realDonaldTrump. Steve Mnuchin and Wilbur Ross are being considered for Treasury and Commerce. Both would be great choices,” Icahn wrote on Twitter.  Icahn, a close ally of Trump who was often praised by the Republican during the presidential campaign for his business acumen, also tweeted that both Mnuchin and Ross were friends and “two of the smartest people I know.” Mnuchin, a former Goldman Sachs partner and Trump’s campaign finance manager, has been considered a front-runner for the Treasury post for much of the past week since Trump’s stunning election victory. Mnuchin’s inclusion in Trump’s campaign team was questioned at the time by Stephen Bannon, now Trump’s chief White House strategist. In an interview on Breitbart News, Bannon asked Trump whether the then presidential candidate was “selling out to Wall Street”.  The list to head the Treasury Department has also included JPMorgan Chase chief executive Jamie Dimon and Republican Representative Jeb Hensarling, chairman of the powerful House Financial Services Committee. Hensarling has said he would prefer to focus on a revamp of financial regulation, while Dimon, a lifelong Democrat, has denied interest in the job in the past.         Ross, a billionaire investor, is a part of Trump’s economic advisory team. Calls to Ross were not immediately returned. Mnuchin walked through the Trump Tower lobby in Manhattan on Tuesday morning. He would not comment on personnel decisions but said the Trump team is “making sure we get the biggest tax bill passed, the biggest tax changes since Reagan. So a lot of exciting things in the first 100 days of the Trump presidency.” With Republicans retaining majorities in Congress, Trump will have a clearer shot at enacting major tax cut and reform legislation and rolling back the 2010 Dodd-Frank financial regulation law passed in the wake of the financial crisis. The new treasury secretary would play a key role in crafting such legislation, as well as managing potential new debt issuance of as much as $1 trillion if Congress agrees to Trump’s proposed infrastructure spending program. With such high stakes, Wall Street is more focused on the selection of the next treasury chief than it was during President Barack Obama’s choices for the post. “This time will be different,” Gregory Peters, senior investment officer at Prudential Fixed Income, said Tuesday at the Reuters Global Investment Outlook Summit in New York. “That role takes on greater importance.”     Unlike current Secretary Jacob Lew, who is viewed investors to have taken a lower profile focused largely on international issues over the past year, the next Treasury secretary is expected to be a featured player in articulating and executing the Trump administration’s new economic policies and initiatives.     A figure such as Mnuchin, with Wall Street experience, might be seen as better equipped to manage the relationship between Treasury and the banks that facilitate U.S. debt issuance.  The last Wall Street insider to serve in the post was Henry Paulson, the former Goldman Sachs CEO appointed by George W. Bush and whose term was dominated by the bank bailouts of the 2008 financial crisis. Mnuchin, whose father was also a Goldman Sachs partner,  worked at the investment bank for nearly two decades starting in the mid-1980s, a time when Wall Street was developing major financial innovations including new securitization techniques and collateralized debt obligations — instruments that would later contribute to the financial crisis. In 2009, he led a group of investors that purchased the assets of failed California-based mortgage lender IndyMac, for $1.55 billion that included a loss-sharing deal with the Federal Deposit Insurance Corp. After rehabilitating the operation and rebranding it as OneWest Bank, they sold it in 2014 for $3.4 billion to CIT Group Inc for $3.4 billion. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: trump eyeing mnuchin ross economy jobs icahnnew reuters longtime donald trump supporter activist investor carl can confirmed tuesday looking wall street veteran steven mnuchin choice treasury secretary billionaire wilbur ross commerce secretary spoke realdonaldtrump steve mnuchin wilbur ross considered treasury commerce both would great choices can wrote twitter can close ally trump often praised republican presidential campaign business acumen also tweeted mnuchin ross friends two smartest people i mnuchin former goldman sachs partner trump campaign finance manager considered treasury post much past week since trump stunning election victory mnuchin inclusion trump campaign team questioned time stephen cannon trump chief white house strategist in interview breitbart news cannon asked trump whether presidential candidate selling wall street the list head treasury department also included morgan chase chief executive jamie demon republican representative jeb hensarling chairman powerful house financial services committee hensarling said would prefer focus revamp financial regulation demon lifelong democrat denied interest job past ross billionaire investor part trump economic advisory team calls ross immediately returned mnuchin walked trump tower lobby manhattan tuesday morning he would comment personnel decisions said trump team making sure get biggest tax bill passed biggest tax changes since reagan so lot exciting things first days trump with republicans retaining majorities congress trump clearer shot enacting major tax cut reform legislation rolling back financial regulation law passed wake financial crisis the new treasury secretary would play key role crafting legislation well managing potential new debt issuance much trillion congress agrees trump proposed infrastructure spending program with high stakes wall street focused selection next treasury chief president barack obama choices post this time different gregory peters senior investment officer credential fixed income said tuesday reuters global investment outlook summit new york that role takes greater unlike current secretary jacob new viewed investors taken lower profile focused largely international issues past year next treasury secretary expected featured player articulation executing trump administration new economic policies initiatives a figure mnuchin wall street experience might seen better equipped manage relationship treasury banks facilitate debt issuance the last wall street insider serve post henry paulo former goldman sachs ceo appointed george bush whose term dominated bank bailout financial crisis mnuchin whose father also goldman sachs partner worked investment bank nearly two decades starting time wall street developing major financial innovations including new securitization techniques collateralized debt obligations instruments would later contribute financial crisis in led group investors purchased assets failed mortgage lender indycar billion included deal federal deposit insurance after rehabilitation operation rebranding newest bank sold billion cit group inc billion politicsnews