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12-08-2016, 12:47 PM #1
Trump expected to name fast food CEO Andy Puzder as pick for Labor secretary
Trump expected to name fast food CEO Andy Puzder as pick for Labor secretary
Jacob Pramuk
32 Mins Ago Breaking News
Donald Trump is expected to name fast food CEO Andy Puzder his Labor secretary, a source familiar with the transition told CNBC.
Puzder heads CKE Restaurants, the California-based parent of Carl's Jr. and Hardee's. He joins a string of wealthy Trump Cabinet picks with a business background, including Treasury pick Steven Mnuchin and Commerce pick Wilbur Ross.
Puzder has argued broadly against too much regulation and cheered Trump's presidential win as a victory for business. He has also contended that broad minimum wage hikes cut job opportunities, especially for young people.
He has argued that President Barack Obama's landmark Affordable Care Act, which President-elect Trump has pledged to repeal, slows businesses down.
"The ACA has to go and it has to go quickly. Number one, it increases the costs of employing people ... and number two it takes discretionary income away from consumers," Puzder told CNBC the day after Trump's election, arguing that consumer have been less likely to eat at restaurants because of Obamacare premium increases.
Dow Jones first reported Trump's expected pick on Thursday.
This story is developing. Please check back for further updates.
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