Eugene Scalia, Trump's Labor nominee, earned millions while working for big business, disclosure shows

  • 📰 CNBC
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Eugene Scalia, Trump's Labor nominee, earned millions while working for big business

In an accompanying

, Scalia wrote to the Labor Department's ethics program manager that he will not participate "personally and substantially in any particular matter in which I know that I have a financial interest" unless he first obtains a waiver.The Labor Department oversees U.S. labor laws and works to protect American workers.

Scalia's work for big business is expected to exclude him from participation in some department matters likely to shape the rules that apply to businesses should he be confirmed. For instance, Scalia is likely to recuse himself from the Trump administration's work to come up with a new version of the so-called "fiduciary rule" put in place under President Barack Obama, which was loathed by business groups and required financial advisors to act in their clients' best interests. The rule died in court, but officials have said that they are working on a new version.that Scalia would not be involved in that work.

Trump officially announced his intention to nominate Scalia to lead the Labor Department on Tuesday after first announcing the selection in a tweet in July. Alex Acosta, the previous Labor secretary, resigned amid scrutiny of the nonprosecution agreement he reached with convicted sex offender Jeffrey Epstein nearly a decade ago. Epstein died in jail this month in an apparent suicide while awaiting trial on new charges.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Keeps promoting the rich cats to positions that will ruin the department. Why?

Yes the Clintons Biden’s and Obama’s came in not that Rich to be worth millions after leaving office.

Who else would he work for? Red Cross? Scamming billions in the name of helping the needy?

Why don’t you write an article on Biden’s son, who made Billions off his fathers position as VP?

NBC Universal CEO Stephen B. Burke earns HUNDREDS OF MILLIONS while creating movies like THE HUNT, a movie about killing people because they are Conservatives. Hey COMCAST when will you end this anti-conservative BS?

Swampy McSwamperstein.

Well that is the point and the objective? Geez...

Oh I’m sorry. I thought this was America

Oh dear. Let’s limit this job please to unsuccessful applicants only. Thx

So hes a bangin lawyer... got it

Hi..is CNBC on appleTV down?

Congratulations.

Eugene Scalia had a job. Thats the news we are reporting here.

So?

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines