Trump nominee for No. 2 Treasury spot withdraws

By Joseph Lawler

Published May 19, 2017 7:05pm ET

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Trump nominee for No. 2 Treasury spot withdraws — The rule would limit businesses' ability to shift taxable income out of the U.S. through the strategic issuance of debt. (AP Photo/J. David Ake, File) | J. David Ake

President Trump’s nominee for the second-highest position at the Treasury Department has withdrawn his name from consideration, according to the White House.

Jim Donovan, a Goldman Sachs executive and professor at the University of Virginia School of Law, will not join the Treasury as deputy secretary, the top-ranking role below Secretary Steven Mnuchin.

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Donald Trump Goldman Sachs Joseph Lawler Nominations Steven Mnuchin Treasury Department