Tags: Donald Trump | Education | Financial Markets | Money | Betsy DeVos | Senate | confirmation

Betsy DeVos Confirmation Hearing Delayed

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By    |   Tuesday, 10 Jan 2017 08:27 AM

The confirmation hearing for Betsy DeVos, President-elect Donald Trump's pick for education secretary, has been delayed by almost a week, Politico reported.

The Senate Committee on Health, Education, Labor and Pension had originally planned to begin the hearing Wednesday, but has now pushed it back to Jan. 17.

The delay comes after Democrats had pushed for more time because the Office of Government Ethics had not completed its review of the billionaire nominee's finances, according to Politico.

DeVos and her husband, Dick, are investors in 250 companies registered to a Grand Rapids, Mich., address, The New York Times wrote in an editorial.

"Ms. Devos's finances are a tangle that could take weeks to investigate," the newspaper's editorial board noted.

The DeVoses reportedly are also indirect investors in Social Finance Inc., a private company that refinances student loans, per The Times.

"Private lenders like Social Finance are banned from most of the direct student lending market; their lobbyists have already written to the Trump transition team pitching to change that," The Times wrote. "That's only one potential conflict."

The Times urged Republicans to take the necessary time to delve into the backgrounds of Trump nominees.

"The potential for conflicts is more reason, not less, to take the time needed for thorough vetting, and the only route to a responsible vote," the newspaper wrote.

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Politics
The confirmation hearing for Betsy DeVos, President-elect Donald Trump's pick for education secretary, has been delayed by almost a week, Politico reported.
Betsy DeVos, Senate, confirmation, hearing
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2017-27-10
Tuesday, 10 Jan 2017 08:27 AM
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