Penny Pritzker

Billionaire Wilbur Ross said to be Trump’s pick for commerce secretary

Billionaire Wilbur Ross said to be Trump’s pick for commerce secretary

 President-elect Donald Trump plans to pick investor Wilbur Ross, who became a billionaire by acquiring and restructuring troubled companies, for Commerce Department secretary, said two people familiar with the transition.

An announcement may come Wednesday, according to the people, who asked for anonymity.

Ross would oversee a sprawling agency of almost 47,000 that describes itself as “the voice of U.S. business within the President’s Cabinet.” Under the Commerce umbrella are entities as diverse as the U.S. Patent and Trademark Office; the Bureau of Economic Analysis, which provides official macroeconomic statistics about the U.S. economy; and the...

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