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An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

Leadership

Trump Says He Picks Mulvaney to be White House Budget Director

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December 17, 2016, 9:46 AM ET
Rep. Mick Mulvaney
UNITED STATES - SEPTEMBER 29: Rep. Mick Mulvaney, R-S.C., leaves the House Republican Conference meeting in the basement of the U.S. Capitol on Tuesday, Sept. 29, 2015. (Photo By Bill Clark/CQ Roll Call)Bill Clark CQ-Roll Call,Inc.

U.S. President-elect Donald Trump said on Saturday he has chosen U.S. Representative Mick Mulvaney of South Carolina to be his White House budget director, turning to a fiscal conservative to help pursue his policy agenda.

The nomination to be director of the White House Office of Budget and Management will require Senate confirmation. The announcement was made as Trump, who takes office on Jan. 20, began his holiday vacation at Mar-a-Lago, his oceanfront club in nearby Palm Beach, Florida.

Mulvaney, 49, was an outspoken critic of former House of Representatives Speaker John Boehner, who resigned in 2015 amid opposition from fellow Republicans who were members of the House Freedom Caucus.

Mulvaney’s selection points to a strategy by Trump to cut government where he can. The president-elect in recent days has, for example, railed against what he has labeled a far too expensive new version of the Air Force One aircraft he will fly that Boeing is supposed to build.

Trump’s Pick for Secretary of Labor: ‘Ugly’ Women Don’t Sell Burgers

In a statement announcing his selection, Trump called Mulvaney a strong voice in Congress for “reining in out-of-control spending, fighting government waste and enacting tax policies that will allow working Americans to thrive.”

“With Mick at the head of OMB, my administration is going to make smart choices about America’s budget, bring new accountability to our federal government, and renew the American taxpayer’s trust in how their money is spent,” Trump said.

Mulvaney said the Trump administration “will restore budgetary and fiscal sanity back in Washington”.

“Each day, families across our nation make disciplined choices about how to spend their hard-earned money, and the federal government should exercise the same discretion that hard-working Americans do every day,” Mulvaney said.

For more on Trump, watch:

Trump on Friday night vowed to seek approval from Congress to spend $1 trillion in new spending to rebuild America’s crumbling network of roads, bridges, airports and other infrastructure as a way to create jobs and make some needed repairs.

“We are going to fix our country. It’s time. We have no choice. It’s time,” Trump said in Orlando, Florida.

Democratic President Barack Obama had sought infrastructure spending but was thwarted by Republicans in Congress.

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