Trump names new Small Business Administration chief

U.S. Chamber of Commerce EVP Neil Bradley discusses why small businesses are optimistic about the economy despite the U.S.-China trade war.

WASHINGTON (Reuters) - President Donald Trump said on Thursday he will nominate U.S. Treasurer Jovita Carranza to lead the Small Business Administration.

If confirmed by the U.S. Senate, Carranza will replace World Wrestling Entertainment co-founder Linda McMahon, who announced last week she was stepping down as SBA administrator.

“Jovita was a great Treasurer of the United States – and I look forward to her joining my Cabinet!” Trump said in a tweet announcing her nomination.

Carranza served as SBA deputy administrator from 2006 to 2009. Prior to that she worked at United Parcel Service, rising from box handler to president of its Latin America and Caribbean operations.