Tag Archives: Steve Mnuchin

Mnuchin: Reopening The US Will Be A Health Decision

The Associated Press reports: Treasury Secretary Steven Mnuchin says a decision whether to reopen the nation back for business as early as Easter will be a health decision not an economic one. Mnunchin acknowledges surging unemployment numbers and declining GDP as 1 in 3 Americans remain under government orders to stay at home to slow the coronavirus that has killed …

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REPORT: US To Take Stake In Airlines With Bailout Deal

The Wall Street Journal reports: Treasury Secretary Steven Mnuchin indicated that the U.S. government would take stakes in airline carriers in exchange for billions of dollars in direct grants to the companies, as part of a $2 trillion economic rescue package, according to people familiar with the matter. He detailed his plans during last-minute negotiations when the aid to airlines …

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Mnuchin On Record Jobless Claims: Amazon Is Hiring

“To be honest with you, I just think these numbers right now are not relevant whether they’re bigger or smaller in the short term. Obviously, there people who have jobless claims, and, again, the good thing about the bill is the president is protecting those people. “They had no choice, now with this bill passed by Congress, there are protections, …

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Treasury Dept Extends Tax Filing Deadline To July 15th

CBS News reports: Americans will have an extra three months to file their taxes this year after President Donald Trump ordered the Treasury Department to move Tax Day to July 15. The move comes just days after the Treasury secretary said it would defer $300 billion in payments to the Internal Revenue Service due to hardship brought on by the …

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Mnuchin Warns GOP Senators Of 20% Unemployment

CNBC reports: Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday that the country’s unemployment rate could hit 20% if they failed to act on a proposed coronavirus rescue package and there was lasting economic damage, a person familiar with the closed-door meeting said. Mnuchin met with senators to persuade them to pass a $1 trillion stimulus package that would …

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Trump Is “Looking At Sending Checks To Americans”

ABC News reports: “At my direction, [Treasury] Secretary Mnuchin is meeting today with senators on additional stimulus packages,” Trump said, adding that they are looking at loans for small businesses and flexibility for fast food workers. Mnuchin announced that the administration is looking at sending checks directly to American households that are hurting – possibly within the next two weeks. …

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Mnuchin: Pandemic Won’t Cause Recession [VIDEO]

ABC News reports: Despite forecasting an economic slowdown, the president’s top economic adviser said on ABC’s “This Week” that he did not think the novel coronavirus pandemic would cause a recession. Responding to ABC News Chief White House Correspondent Jonathan Karl on whether there will be a recession, Treasury Secretary Steven Mnuchin said, “I don’t think so. The real issue …

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Treasury Dept Gives Hunter Biden Docs To Republicans

Yahoo News reports: The Treasury Department has complied with Republican senators’ requests for highly sensitive and closely held financial records about Hunter Biden and his associates and has turned over “‘evidence’ of questionable origin” to them, according to a leading Democrat on one of the committees conducting the investigation. For months, while the impeachment controversy raged, powerful committee chairmen in …

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Mnuchin’s Wife Posts And Deletes Support For Greta

CNN International reports: Treasury Secretary Steve Mnuchin’s wife Louise Linton on Saturday showed support for climate activist Greta Thunberg, days after her husband took a jab at the teenager. Mnuchin was dismissive of the 17-year-old Swedish climate activist at the World Economic Forum in Davos, Switzerland, and said Thunberg should go study economics in college before weighing in on US …

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Steve Mnuchin Mocks Greta At Davos: Who Is She?

The BBC reports: Donald Trump’s treasury secretary has dismissed Greta Thunberg’s call for immediate fossil fuel divestment, saying the 17-year-old activist should go to college and study economics. In a withering slapdown on the climate emergency movement, Steven Mnuchin pretended not to know who Thunberg was, before dismissing her concerns as ill-informed.  “Is she the chief economist? Who is she, …

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Pompeo And Mnuchin Unveil New Sanctions On Iran

ABC News reports: Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin detailed new sanctions on Iran at the White House Friday morning — the response President Donald Trump chose after backing away from further military conflict after Iran fired missiles at U.S. forces following his order to kill Iran’s top commander, Qassem Soleimani. Mnuchin said the administration was …

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Mnuchin: Hide Trump’s Travel Costs Until After Election

The Washington Post reports: The Trump administration is seeking to delay a Democratic effort to require the Secret Service to disclose how much it spends protecting President Trump and his family when they travel — until after the 2020 election, according to people familiar with the discussions. The issue has emerged as a sticking point in recent weeks as Treasury …

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Trump Floats Conway Or Mnuchin To Replace Mulvaney

Bloomberg reports: Donald Trump has for weeks been privately testing the idea of replacing his chief of staff, Mick Mulvaney, who’s swiftly fallen out of favor with some of the president’s allies after high-profile stumbles handling the House impeachment inquiry. About a month ago, Trump said to Treasury Secretary Steven Mnuchin in front of a roomful of staff: “You have …

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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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