Trump nominates Todd Ricketts as deputy commerce secretary

President-elect Donald Trump officially said Wednesday that he’ll nominate financier Wilbur Ross to run the Commerce Department in his administration.

Trump also formally announced his plans to nominate Steven Mnuchin as treasury secretary and Cubs co-owner Todd Ricketts as deputy secretary of commerce.

“This team will be instrumental in implementing the president-elect’s America First economic plan that will create more than 25 million jobs over the next decade,” said the incoming Republican president’s transition team.

Ross is a billionaire investor who's considered the "king of bankruptcy" for buying beaten-down companies with the potential to deliver profits

“Wilbur Ross is a champion of American manufacturing and knows how to help companies succeed,” Trump said in the transition team statement.

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