Tag Archives: Steve Mnuchin

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Bloomberg reports: President Trump has weighed dismissing Treasury Secretary Steven Mnuchin, a source familiar with the president’s thinking told Bloomberg News. Another source told Bloomberg said that Mnuchin’s future at the helm of the Treasury Department depends on whether the market continues to drop. Trump’s unhappiness with his treasury chief was reported the day after Mnuchin released a statement seeking …

Reuters reports: U.S. President Donald Trump’s Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the “Plunge Protection Team.” U.S. stocks have fallen sharply in recent weeks on concerns over slowing economic growth, with the S&P 500 index .SPX on pace for its …

The Hill reports: President Trump has been expressing dissatisfaction with Treasury Secretary Steven Mnuchin, the Wall Street Journal reported Friday. Trump reportedly blames Mnuchin for backing Federal Reserve chairman Jerome Powell and for recent volatility in the stock market. The president has publicly sounded off on Powell’s decision to raise federal interest rates, claiming that it’s endangering the country’s economic …

The Washington Post reports: Treasury Secretary Steven Mnuchin has decided to take part in an anti-terror finance meeting with Saudi security officials and their Middle Eastern counterparts in Riyadh later this month, opting to attend despite growing global outrage over the suspected murder of a U.S.-based journalist at the hands of Saudi operatives, according to three people familiar with his …

Talking Points Memo reports: Treasury Secretary Steven Mnuchin announced Thursday that he will not attend an upcoming conference in Saudi Arabia amid the fallout from the disappearance of journalist Jamal Khashoggi. Mnuchin has been facing mounting pressure to pull out of the conference following the disappearance of Khashoggi, a U.S..-based Saudi journalist, after he entered the Saudi consulate in Istanbul …