Businessman Wilbur Ross a leading contender for commerce secretary

CNN:  Ross, 78, a renowned distressed debt investor, met with Trump Sunday at the New York billionaire's Bedminster, New Jersey golf course. Trump, asked before the meeting if he was considering Ross for the position, told reporters: "That's what we're looking for."

The commerce secretary, a cabinet-level position that requires Senate confirmation, typically serves as the government's chief business advocate. The commerce secretary is a liaison between companies and the White House.

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