Businessman Wilbur Ross is a leading contender for commerce secretary

Why Trump’s tax plan could raise taxes for 8.7 million households

Billionaire investor Wilbur Ross is a leading contender to be President-elect Donald Trump’s commerce secretary, an official familiar with the transition process told CNN.

Ross, 78, a renowned distressed debt investor, met with Trump Sunday at the New York billionaire’s Bedminster, New Jersey golf course. Trump, asked before the meeting if he was considering Ross for the position, told reporters: “That’s what we’re looking for.”

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