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Mexico's finance minister resigns amid fallout from Trump visit (w/video)

MEXICO CITY — The fallout from a wildly unpopular meeting last week between President Enrique Peña Nieto of Mexico and Donald Trump appears to have cost Peña Nieto one of his closest Cabinet allies.

The meeting prompted widespread dismay and anger among Mexicans, and reportedly divided Peña Nieto's Cabinet. Luis Videgaray, the finance minister, had championed the idea of inviting Trump to Mexico City over the objections of other Cabinet members, according to several Mexican news media reports.

On Wednesday, Peña Nieto announced Videgaray's resignation at a news conference.

He did not give a reason for Videgaray's departure. But some analysts interpreted it as the latest effort by the president to regain the trust of the Mexican public following his meeting with Trump, who has made repeated criticism of Mexicans and Mexico an incendiary motif of his campaign.

The Cabinet shuffle occurred a day before the Mexican government was scheduled to present its 2017 budget, a job that now shifts to the new finance minister, José Antonio Meade.