Trump to Nominate Richard Spencer for Navy Secretary - NBC 10 Philadelphia
President Donald Trump

President Donald Trump

The latest news on President Donald Trump's first year as president

Trump to Nominate Richard Spencer for Navy Secretary

The Senate must approve Spencer's nomination

    processing...

    NEWSLETTERS

    Trump to Nominate Richard Spencer for Navy Secretary
    Getty Images
    The USS Kearsarge (LHD 3) joins The Parade of Ships as it makes its way past the Statue of Liberty on the opening day of Fleet Week on May 24, 2017 in New York City.

    President Donald Trump says he's found a new candidate for the civilian post of Navy secretary.

    His name is Richard Spencer, and he's a former financial industry executive. Spencer is also a former Marine Corps captain.

    The White House says Spencer most recently was managing partner of Fall Creek Management, a privately held management consulting company in Wyoming. Spencer also was vice chairman and chief financial officer for Intercontinental Exchange Inc., a financial market company, and president of Crossroads Group, a venture capital firm that was bought by Lehman Brothers in 2003.

    Trump's first choice for Navy secretary, businessman Philip Bilden, withdrew from consideration in February. Bilden cited privacy concerns and the difficulty of separating from his business interests.

    Breaking Down the New GOP Tax Plan

    [NATL] Breaking Down the New GOP Tax Plan

    The Senate and House have an agreement upon new tax legislation. AP Reporter Stephen Ohlemacher looks at some of the key takeaways.

    (Published Thursday, Dec. 14, 2017)

    The Senate must approve Spencer's nomination.