RNC set to select Todd Ricketts as next finance chair

RNC set to select Todd Ricketts as next finance chair

RNC set to select Todd Ricketts as next finance chair

As GOP finance chairman, he would replace Steve Wynn, the Las Vegas casino owner who resigned amidst allegations that he had engaged in acts of sexual harrassment. Like Wynn, Ricketts is a billionaire, but in a change of demographics, Ricketts is under 50.

President Donald Trump is calling on Congress to pass legislation to generate at least $1.5 trillion to upgrade the nation's roads, bridges and other infrastructure. Ricketts' age and the family's independent streak make the pick "a healthy indicator for the party".

After being criticised for its initial silence on the issue, the RNC announced on Saturday that Wynn was stepping down from his position as finance chair.

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Trump had nominated Ricketts to be deputy commerce secretary.

Both Todd and Pete Ricketts are sons of Joe Ricketts, the founder of Ameritrade.

Ricketts' name also was mentioned as a candidate to become president of the conservative Heritage Foundation.

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In 2016, Trump threatened the Ricketts family after he learned that Todd Ricketts' mother had given $3 million to a super PAC that ran negative ads about him.

Photo Todd Ricketts, a co-owner of the Chicago Cubs, at the Trump National Golf Club in Bedminister, N.J.in 2016. That prompted Mr. Trump to lash out at the family on Twitter, writing that they "better be careful, they have a lot to hide!"

Trump says an infrastructure bill must also streamline the permitting and approval process, getting it down to no more than two years and perhaps even one. "I look forward to raising the resources to support the president, Speaker Paul Ryan and Senate Majority Mitch McConnell to continue the Republican Party's successful agenda of reducing taxes on all Americans and creating jobs and opportunity".

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