WASHINGTON (AP) — 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.

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.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.