Tag Archives: Treasury Department

The Los Angeles Times reports: Treasury Secretary Steven T. Mnuchin took military aircraft on at least seven occasions without adequate justification, his department’s inspector general said in a report. The inspector general said that Mnuchin’s use of the planes was not illegal but that he had failed to meet rules that require that military flights be used only if the …

CNBC reports: Treasury Secretary Steve Mnuchin put Harriet Tubman’s role on the $20 bill in question. Mnuchin told CNBC on Thursday: “Ultimately we will be looking at this issue. It’s not something I’m focused on at the moment.” Instead, he said he’s concentrating on making sure any tweaks to U.S. currency bills thwart counterfeiters. “The No. 1 issue why we …

Reuters reports: The U.S. Treasury Department on Thursday said it was fining global oil company ExxonMobil Corp $2 million for violating sanctions on Russia in May 2014. The heads of the company’s U.S. subsidiaries signed eight documents between May 14 and May 23, 2014 with Igor Sechin, the head of Russia’s largest oil producer, Rosneft, Treasury’s Office of Foreign Assets …

New England News reports: In announcing the appointment of Joseph Otting to a key treasury job on Monday, the White House Press Office trumpeted his credentials, noting that he was a graduate of the School of Credit and Financial Management at Dartmouth College. But in fact, Dartmouth does not have such a school. “Joseph Otting is not a Dartmouth graduate,” …

Bloomberg reports: Treasury Secretary Steven Mnuchin confirmed the administration will propose a corporate tax rate reduction to 15 percent and said lawmakers broadly agree on the need for a tax overhaul, citing a “very successful meeting” on Tuesday evening in Washington. The administration wants to implement the biggest tax cuts and reform in U.S. history as part of a drive …

Reuters reports: President Donald Trump’s Treasury Secretary Steven Mnuchin used his first senior staff meeting to tell his new aides he would not tolerate leaks to the news media, sources familiar with the matter said. Current and former officials said that in a departure from past practice, access to a classified computer system at the White House has been tightened …

McClatchy reports: The Senate confirmed Steven Mnuchin as Treasury secretary in a vote Monday evening, adding the former Goldman Sachs executive to President Donald Trump’s Cabinet. The 53-47 vote, which fell largely along party lines, makes Mnuchin the 10th of Trump’s Cabinet nominees to be confirmed in three weeks. Sen. Joe Manchin (D-West Virginia) was the only Democrat to support …

Politico reports: The Trump administration on Thursday relaxed the sanctions that the Obama administration placed on a Russian spy agency in retaliation for its alleged cyberattacks. The “general license” issued by the Treasury Department’s Office of Foreign Assets Control appears to authorize U.S. companies to continue requesting licenses from Russia’s Federal Security Service, or FSB, to sell American technology products …

The Guardian reports on what to expect: Mnuchin made much of his fortune by capitalising on the housing crisis. In 2008 Mnuchin and his partners took over IndyMac, a Californian bank that had been felled by its risky lending practices in the financial crisis and taken over by the government. Mnuchin told the Wall Street Journal last year he was …

Politico reports: A progressive advocacy group is launching a television ad campaign designed to pressure Republican Sens. Dean Heller and Jeff Flake to oppose Steven Mnuchin’s nomination as Treasury secretary. The ads, paid for by the group Allied Progress, are scheduled to begin airing Wednesday in the senators’ home states of Nevada and Arizona. The TV spots highlight the money …

Mediaite recaps the clip below: Fox’s Greta Van Susteren ended her show tonight by going on a mini-rant about how the government is “dividing the country” by putting Harriet Tubman on the $20. Wait, what? Yes, Van Susteren tonight said the Obama administration “went stupid” by creating a “completely unnecessary fight” by kicking Andrew Jackson off the bill. Greta: “Give …

CNN Money reports: On Wednesday, U.S. Treasury Secretary Jack Lew said a woman will be featured on a redesigned $10 bill in 2020 — the 100th anniversary of the Constitution’s 19th Amendment, which gave women the right to vote. A decision on who the woman will be won’t be made for several months. The last woman on U.S. paper currency …

“There will be enormous federal pressure now on states to conform to the IRS. The Supreme Court decision placed an [improvised explosive device] under every state marriage amendment in the land. I predict we will very quickly see legal action in the 37 states that do not give legal recognition to same-sex marriage to force them to conform to federal …