Tag Archives: Steve Mnuchin

Mnuchin Warns Of Tariffs Hike If China Deal Fails

ABC News reports: Treasury Secretary Steven Mnuchin warned of a coming tariff hike if China does not finalize the specifics of a newly negotiated partial trade deal announced by President Donald Trump last week. The tariffs on 15% of $160 billion worth of Chinese goods impacting consumer electronics– cellphones, laptops, toys–would go into effect by Dec. 15. It was previously …

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Mnuchin Threatens US Sanctions On Turkey [VIDEO]

NBC News reports: President Donald Trump has given his administration broad authority to slap sanctions on Turkey, Treasury Secretary Steven Mnuchin said Friday. Trump signed an executive order authorizing the powers, though the administration will not move yet to punish Turkish individuals or entities after the country’s offensive in northern Syria. Still, Mnuchin threatened devastating actions in the wake of …

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Mnuchin May Gut Obama Rule On Offshore Tax Havens

Bloomberg reports: Treasury Department officials are considering rolling back a tax rule aimed at preventing American companies from moving money offshore to avoid U.S. taxes, according to several people familiar with discussions. Treasury could narrow regulations aimed at preventing U.S. firms from lowering their U.S. tax bills by borrowing from an offshore branch of the company. The department is also …

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Treasury IG To Review Handling Of Trump’s Tax Returns

The Washington Post reports: The Treasury Department’s acting inspector general has opened a review into whether the Trump administration acted improperly during its ongoing fight with House Democrats over releasing President Trump’s tax returns. Treasury Secretary Steven Mnuchin has refused to comply with a request from House Ways and Means Committee Chairman Richard E. Neal (D-Mass.) for six years of …

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Mnuchin: Ukraine Call Should Be Kept “Confidential”

Politico reports: Treasury Secretary Steve Mnuchin said on Sunday that allegations that President Trump elicited dirt on former Vice President Joe Biden, a 2020 White House hopeful, during a phone call with Ukraine’s leader are merely speculation. “I think things are being implied that just don’t exist,” Mnuchin said on CNN’s “State of the Union.” Tapper on Sunday pressed Mnuchin …

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Trump Seeks To Privatize Fannie Mae And Freddie Mac

The Washington Post reports: The Trump administration released a sweeping plan Thursday that could remake the U.S. housing market, starting with ending more than a decade of government control of two massive companies, Fannie Mae and Freddie Mac, that back half of the nation’s mortgages. The long-awaited plan from the Treasury Department features nearly 50 proposals, including many technical changes …

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Trump Admin Called Out For Colluding With Fox News In Violation Of Federal Law Against Covert Propaganda

The Daily Beast reports: On Tuesday, in a new letter exclusively shared with The Daily Beast, Democracy Forward called upon on the Treasury’s inspector general to look into whether some of the actions unearthed in that FOIA deep-dive violated a relatively obscure federal law prohibiting government agencies from spreading information without disclosing its origin. In a specific instance cited by …

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US Declares China To Be A “Currency Manipulator”

Axios reports: U.S. Treasury Secretary Steven Mnuchin on Monday night declared China to be a currency manipulator, just hours after the Chinese government allowed the yuan to slip below a 7-to-1 dollar ratio for the first time in over a decade. Why it matters: This is a further ratcheting up of trade tensions between the two countries, and also marks …

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House Committee Sues US Treasury For Trump’s Taxes

CNBC reports: The House Ways and Means Committee on Tuesday sued the Treasury Department to get President Donald Trump’s tax returns, a spokesman for a committee member told CNBC on Tuesday. The Democrat-led panel had subpoenaed Treasury Secretary Steven Mnuchin and IRS chief Charles Rettig in May to hand over six years of Trump’s personal and business returns. The officials …

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Treasury To Review Delay In Harriet Tubman $20 Bill

The New York Times reports: The Treasury Department’s internal watchdog has agreed to look into why designs of a new $20 bill featuring Harriet Tubman will not be unveiled next year. Senator Chuck Schumer of New York, the Democratic leader, last week asked the Treasury Department’s inspector general to open an investigation following Treasury Secretary Steven Mnuchin’s announcement at a …

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DOJ Backs Mnuchin On Handing Over Trump’s Taxes

Law & Crime reports: The Department of Justice’s (DOJ) Office of Legal Counsel (OLC) published an opinion on Friday in support of Treasury Secretary Steven Mnuchin‘s refusal to hand President Donald Trump‘s tax returns to the House Ways and Means Committee led by Chairman Rep. Richard Neal (D-Mass.). The opinion, penned by OLC’s Assistant Attorney General Steven Engel, said that …

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Mnuchin Delays Harriet Tubman $20 Bill Until 2028

CNBC reports: The redesign of the $20 bill featuring Harriet Tubman will no longer be unveiled in 2020, Treasury Secretary Steven Mnuchin said on Wednesday. The unveiling had been timed to coincide with the 100th anniversary of the 19th Amendment, which granted women the right to vote. Mnuchin said the design process has been delayed and no new imagery will …

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Internal IRS Document Says Trump’s Taxes Must Be Released Unless Trump’s Invokes Executive Privilege

The Washington Post reports: A confidential Internal Revenue Service legal memo says tax returns must be given to Congress unless the president takes the rare step of asserting executive privilege, according to a copy of the memo obtained by The Washington Post. The memo contradicts the Trump administration’s justification for denying lawmakers’ request for President Trump’s tax returns, exposing fissures …

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Mnuchin Defies House Subpoena For Trump’s Taxes

Fortune reports: Treasury Secretary Steven Mnuchin has rejected House Ways and Means Chairman Richard Neal’s subpoena for six years of President Donald Trump’s personal and business tax returns. Now, Neal will likely turn to the courts, embarking on a lengthy battle that could help define Congress’ powers to oversee the executive branch. In a letter denying Neal’s subpoena, Mnuchin on …

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Mnuchin: Courts Will Decide Battle On Trump’s Taxes

Roll Call reports: Treasury Secretary Steven Mnuchin said Wednesday he expects the courts will resolve the conflict between the administration and House Ways and Means Chairman Richard E. Neal over the release of President Donald Trump’s tax returns. “This will go to the third branch of government to be resolved,” Mnuchin said during questioning before the Senate Appropriations Financial Services …

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House Committee Issues Subpoena For Trump’s Taxes

CNN reports: House Ways and Means Committee Chairman Richard Neal has issued subpoenas for President Donald Trump’s tax returns, the committee told CNN on Friday, an escalation in the fight for the President’s personal financial records and the latest step this week in Democrats’ fight for information from the Trump administration. Neal sent subpoenas to both IRS Commissioner Charles Rettig …

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Mnuchin Refuses US House Request For Trump’s Taxes

The Washington Post reports: Treasury Secretary Steven Mnuchin on Monday told House Democrats he would not furnish President Trump’s tax returns despite their legal request, the latest move by Trump administration officials to shield the president from congressional investigations. Mnuchin, in a letter to House Ways and Means Committee Chairman Richard Neal (D-Mass.), said he had consulted with the Justice …

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Steve Mnuchin To Hire Fox Plagiarist As Treasury Spox

Splinter News reports: The Trump administration-Fox News ouroboros rolls on unimpeded this week, with a report that Treasury Secretary Steve Mnuchin plans to hire former Fox personality Monica Crowley as his new spokeswoman. Citing “people familiar with the matter,” Bloomberg reported on Wednesday that Mnuchin is preparing to hire Crowley as a replacement for outgoing spokesman Tony Sayegh, who had …

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Treasury Won’t Comply With Dems On Trump’s Taxes

Axios reports: The Treasury Department said on Wednesday evening that it would not immediately comply with a congressional request to hand over President Trump’s tax returns, setting up a protracted legal battle between two branches of government. Steven Mnuchin, the Treasury secretary, said in a letter to Representative Richard E. Neal, the Democratic chairman of the House Ways and Means …

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Dems Demand Treasury Docs On How Mnuchin Decided To Lift Sanctions On Russian Oligarch Tied To Manafort

The Associated Press reports: Three senior House Democrats are demanding Treasury Secretary Steven Mnuchin turn over documents that would show how his department decided to lift financial sanctions against three companies connected to Russian oligarch Oleg Deripaska. Reps. Adam Schiff, Maxine Waters and Eliot Engel say in a letter sent Tuesday to Mnuchin that they want a broad array of …

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