Trump nominates ex-NLRB member R. Alexander Acosta as Labor secretary

President Donald J. Trump named R. Alexander Acosta as his new nominee for Labor secretary, the first Hispanic in his cabinet.
FEB 16, 2017

President Donald J. Trump named former National Labor Relations Board member R. Alexander Acosta as his new nominee for labor secretary, the first Hispanic he has chosen for his cabinet. Mr. Trump said Mr. Acosta will be "a tremendous secretary of labor." Mr. Acosta replaces Mr. Trump's first nominee for the position, Andy Puzder, who withdrew his name Wednesday amid controversy over his personal life and business background. Mr. Acosta served as assistant attorney general for the Civil Rights Division under President George W. Bush and was U.S. attorney for the Southern District of Florida. He once clerked for then-Appeals Court judge Justice Samuel Alito. He is currently the dean of Florida International University and the chairman of U.S. Century Bank. He met with Trump Wednesday evening, a White House official said. (More: Awaiting new Labor secretary, staff takes on larger role in fiduciary rule's fate.) "He's intense, hardworking, but I think in contrast to Mr. Puzder, he's going to get things done more quietly," said Tammy McCutcheon, who served as administrator of the Wage and Hour Division of the Labor Department during the Bush administration. "He will be quietly efficient. I don't think you'll see a lot of difference in his policy positions from Puzder." Mr. Puzder, a fast-food executive who had been scheduled for a Senate confirmation hearing Thursday, ran into trouble in the Senate over his admission that he employed an undocumented housekeeper. Also shadowing his nomination were divorce-court proceedings that included a domestic-abuse allegation. Some conservatives had questioned his pro-immigration stance. In the 52-48 Senate, three Republican defections would have doomed Mr. Puzder if all 48 Democrats voted to deny him, and as many as a dozen GOP senators had indicated they wouldn't back the nomination. Mr. Puzder is head of the fast-food conglomerate CKE Restaurants Inc. that includes Carl's Jr. and Hardee's. His withdrawal came after a week that saw party-line confirmations in the Senate and a tie-breaking vote cast by Vice President Mike Pence to confirm Education Secretary Betsy DeVos. That 51-50 tally was the first time a vice president ever broke a tie on a cabinet nomination. Mr. Trump has already lost one senior member of his administration. He dismissed Mike Flynn as national security adviser on Monday because the administration said he may have misled the president and vice president about his communications with a Russian envoy.

Latest News

Estate planning gaps leave families facing steep probate costs, new report finds
Estate planning gaps leave families facing steep probate costs, new report finds

With trillions of dollars set to change hands, new data suggests probate costs and delays are becoming a bigger factor in estate planning decisions.

Orion, RFG moves take aim at onboarding and transition speed
Orion, RFG moves take aim at onboarding and transition speed

Orion and RFG Advisory tackle account-opening delays with new updates as custodial integrations reshape how fast advisors can move client assets.

Corient adds $5B New York multi-family office Seven Bridges
Corient adds $5B New York multi-family office Seven Bridges

The deal extends the acquisitive mega-RIA's rapid 2026 expansion as industry consolidation hits record levels nationwide

Navigating the straight
Navigating the straight

As recent Middle East tensions put the Strait of Hormuz back in focus, a structured process with purpose can help protect investors against their natural self-sabotaging tendencies in choppy markets.

Commonwealth-affiliated Longwave hires from LPL-affiliated firm amid Pacific Northwest expansion
Commonwealth-affiliated Longwave hires from LPL-affiliated firm amid Pacific Northwest expansion

ESG-focused Longwave Financial, approaching $1B AUM, acquired Seattle-based MG Financial and hired a client services manager from an LPL-affiliated firm.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income