President-elect Trump is expected to name more Wall Street and Washington insiders to his cabinet today. Former Goldman exec, hedge funder, Hollywood financier and Trump campaign finance chief Steven Mnuchin confirms that he and billionaire investor Wilbur Ross are signing on – Mnuchin as Treasury Secretary and Ross for Commerce. Mnuchin tells CNBC his chief priority will be sustained economic growth and cutting taxes. He expects to cut corporate rates to 15 percent, simplify the tax system, and promises a middle class income tax cut. Trump tweets that legal papers are being drawn up to separate him from his businesses, to avoid the numerous potential conflicts of interest they pose. The head of the CIA is warning the president-elect against pulling support from the Iran nuclear agreement, and against believing promises from Russia.
The family of a man who was shot to death by a Chicago police officer last week is suing … Federal judges in Chicago will hear from an Indiana teacher who argues a college didn’t hire her because she is a lesbian … Illinois lawmakers have failed to over-ride Governor Rauner’s veto of a motor-voter bill … and there’s still no deal on a real budget … The FDA has approved a large test for using the club drug Ecstasy to treat PTSD … The Blackhawks are back home and they beat Florida in a shootout … It’ll be partly sunny and in the low-40s today.