Wilbur Ross

Federal ethics agency rejects Wilbur Ross' financial disclosure

Secretary of Commerce, Wilbur Ross.
Sec. Commerce Wilbur Ross. Photo: Win McNamee/Getty Images

In a letter made public on Tuesday, the Office of Government Ethics wrote that Commerce Secretary Wilbur Ross again failed to comply with his ethics agreement by submitting an inaccurate annual financial disclosure and falsely claiming he sold a bank stock.

Details: The issue centers on the roughly $15,000 stake Ross has in the company BankUnited, which the Center for Public Integrity unearthed in December. Ross was supposed to sell it within 90 days of his Senate confirmation, or by May 2017, and claimed that he did so in his financial disclosure. Ross said in a statement to CNN that he thought the stock had been sold, but there had been a miscommunication with his agent.

Wilbur Ross doesn't "understand" why federal workers need food banks

Wilbur ross
Secretary of Commerce Wilbur Ross. Photo: Steven Ferdman/Getty Images

Secretary of Commerce Wilbur Ross, with a net worth in the hundreds of millions, said on CNBC that he doesn't "quite understand why" federal workers are going to food banks while on furlough.

The big picture: The White House's top economist Kevin Hassett said on CNN yesterday there could be "zero" growth in the U.S. economy if the shutdown lasts through the end of the first quarter. Now, Ross is downplaying the economic effect the 800,000 federal workers have while on furlough, saying they should borrow from a bank or credit union for money instead.

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