Trump’s labor pick releases finances

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Alexander Acosta, President Trump’s pick to lead the Labor Department, has a minimum net worth of about $400,000 and considerably fewer business entanglements than Trump’s previous nominee for the post.

Acotsa is the dean of Florida International University’s law school and chairs the board of U.S. Century Bank in Miami, which earned him a combined $550,000 from 2016 through this year, according to disclosures filed to the Office of Government Ethics.

Acosta’s ethics agreement, which has been sent to the Senate ahead of his confirmation hearing next week, says he will forfeit any bonus offered from U.S. Century Bank if it comes after he is confirmed as Labor secretary.

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