WASHINGTON — South Carolina's two nominees for Cabinet posts in the Trump administration have filed their financial disclosure documents with the Office of Government Ethics — and they couldn't be more different.
Gov. Nikki Haley, who sat through a three-hour confirmation hearing Wednesday to be U.S. ambassador to the United Nations, listed her only assets as two retirement accounts with a value of at least $65,000 and a bank account that could hold anything between $1,000 and $15,000.
Because the forms only require candidates to indicate a range in value rather than a specific event, there's no way to tell whether Haley's finances fall on the lower or higher end of the spectrum.
Similarly, Haley reports having debts on two credit cards, a line of credit and a mortgage on her personal residence. At minimum, she owes $525,000. At the very most, she's just over $1 million in the red.
In a letter accompanying her financial disclosure, Haley noted she will resign from her position as a member of the board of trustees of the Original Six Foundation, a South Carolina nonprofit.
She said she would continue to receive royalties for her book, "Can't Is Not an Option: My American Story," but would not be active in promoting sales.
Meanwhile, U.S. Rep. Mick Mulvaney, R-S.C., who is scheduled to testify before congressional committees next week to be director of the Office of Management and Budget, lists his various assets — retirement plans, bank accounts, real estate and investments — as having a total minimum value of $2.8 million.
He reports at least $2.2 million in debt, at least $50,000 of which stems from his 2008 campaign for the S.C. Senate. The remaining debt relates to mortgages on two properties and a loan to purchase one of the mortgages.
In the accompanying letter to the Office of Government Ethics, Mulvaney commits to resigning from his position at his real estate investment holding company, and as a managing member of the firm MP/Collins Road LLC., but plans to retain his financial stake in the businesses while his wife takes over daily operations.
Within 90 days of confirmation, he will divest his interests in 18 different enterprises, which encompass industries including natural gas, gold, rare earth materials and uranium.
He will, however, remain the trustee of the education funds set up for each of his triplets, who are teenagers.
Nothing in the financial disclosure form requires Mulvaney to divulge anything about the issue that has recently come to light regarding $15,000 in taxes he didn't pay over four years for family child care services.