Trump Taps Carranza as Small Business Administration Chief - NBC4 Washington
National & International News
The day’s top national and international news

Trump Taps Carranza as Small Business Administration Chief

The SBA is best known for the small-business loans it makes and the disaster aid it provides to companies and entrepreneurs

    processing...

    NEWSLETTERS

    Trump Taps Carranza as Small Business Administration Chief
    AP
    U.S. Treasurer Jovita Carranza speaks at a forum on tax reform at Volk Packaging, Friday, Nov. 10, 2017, in Biddeford, Maine.

    President Donald Trump has announced that U.S. Treasurer Jovita Carranza is his pick to replace Linda McMahon as Small Business Administration chief.

    Trump tweeted Thursday night that McMahon has "done an outstanding job" and that he looks forward to Carranza joining his Cabinet.

    Before serving as U.S. treasurer, Carranza was a deputy administrator of the SBA during George W. Bush's presidency.

    Trump announced last week that McMahon, a former executive at World Wrestling Entertainment, would be stepping down to help his re-election effort.

    WATCH: Fiona Hill’s Opening Statement From Impeachment Hearing

    [NATL] WATCH: Fiona Hill’s Opening Statement From Impeachment Hearing

    Former White House adviser Fiona Hill offers up her opening statement during morning impeachment hearings on Nov. 21, 2019.

    (Published 38 minutes ago)

    The SBA is best known for the small-business loans it makes and the disaster aid it provides to companies and entrepreneurs. It's also tasked with monitoring government officials' compliances with contract laws.

    Carranza's nomination must be approved by the Senate.