Steven Mnuchin

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Report: Treasury Looking at 'Unprecedented' Control of USPS

'WaPo': Administration may use $10B loan as leverage for more sway over Postal Service

(Newser) - As part of its $2.2 trillion coronavirus relief effort, Congress has authorized the Treasury Department to extend an emergency $10 billion loan to the struggling US Postal Service. But now the Trump administration is reportedly mulling tacking on conditions to that loan that would put some aspects of the...

White House, Congress 'Very Close' to $450B Deal

Aid package will offer billions for hospitals, testing

(Newser) - The Trump administration and Congress are nearing an agreement as early as Sunday on an aid package of up to $450 billion to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing, the AP reports. With small-business owners reeling during...

IRS Starts Sending Out Payments, but There Are Snags

Direct deposits go through first, then checks will be mailed

(Newser) - More than 80 million people have already received their one-time payments from the IRS, mandated in the economic stimulus legislation, Treasury Secretary Steve Mnuchin said this week. Those are payments that the IRS was able to put directly into accounts. But there are issues in getting the payments to everyone...

Mnuchin Balked on Trump's Tax Returns. Watchdog: OK

Treasury sec's decision was based on DOJ advice, which acting Treasury IG didn't comment on

(Newser) - A watchdog has found that the Treasury Department appropriately handled Congress' request for President Trump's tax returns, which Treasury Secretary Steven Mnuchin has refused to provide. Rep. Richard Neal, the Massachusetts Democrat who chairs the House Ways and Means Committee, asked acting inspector general for the Treasury, Rich Delmar,...

Uh, About Those Coronavirus Checks
Uh, About Those
Coronavirus Checks

Uh, About Those Coronavirus Checks

But Treasury Secretary Steven Mnuchin isn't buying it

(Newser) - Those coronavirus checks might be a while. A congressional memo has already warned that Americans who haven't given the IRS direct deposit information may have to wait up to five months. Now experts and US officials tell USA Today that antiquated technology and reduced staffing at the agency might...

Treasury Does 180 on Stimulus Funds for One Set of Americans

Social Security recipients won't have to file tax return to get money

(Newser) - One of the biggest challenges the Treasury Department has in getting Americans their checks from the $2.2 trillion coronavirus stimulus package is tracking down people who don't file tax returns. Now, at least one key group of nonfilers will see that process expedited. The official word, delivered from...

Here's When You'll Get Your Coronavirus Money

Mnuchin says payments will be made within 3 weeks

(Newser) - Americans will start receiving money from the $2.2 trillion coronavirus relief package within three weeks if the government has their bank details, Steven Mnuchin confirmed Sunday. "We expect that within three weeks that people who have direct deposit with information with us will see those direct deposit in...

'We Have a Deal' on $2T Relief Package

'Help is on the way, big help and quick help'

(Newser) - "Ladies and gentlemen, we are done. We have a deal," top White House aide Eric Ueland announced early Wednesday after the White House and Senate leaders reached agreement on the biggest economic relief package in American history. The $2 trillion measure to help workers, businesses, and the health...

Your $1.2K Check May Be Very Close

As both sides near relief deal, Trump asks if Democrats 'want virus to win'

(Newser) - After a day of anger and insults , a bipartisan Senate deal on a massive economic stimulus bill could be announced as early as Tuesday morning. Negotiations finished shortly before midnight without a deal, but Treasury Secretary Steve Mnuchin and Senate Minority Leader Chuck Schumer said they were very close to...

Rescue Deal Teeters as Crisis Gets Worse

Nancy Pelosi says Democrats are putting forward their own draft bill

(Newser) - Top-level negotiations between Congress and the White House teetered Sunday on a ballooning nearly $1.4 trillion economic rescue package, as President Trump called for a deal to steady a nation shuttered by the coronavirus pandemic, the AP reports. Treasury Secretary Mnuchin indicated an agreement was within reach, but congressional...

Tax-Filing Deadline Just Got Pushed Back

Americans now have until July 15

(Newser) - Taxpayers now have more time to file their taxes amid the coronavirus outbreak: The deadline has been pushed back to July 15 from April 15, said Treasury Secretary Steven Mnuchin on Friday. "All taxpayers and businesses will have this additional time to file and make payments without interest or...

As Senate Holds Up Aid, Democrats Seek Another $750B

Mnuchin negotiates with GOP leaders on package

(Newser) - With an urgency unseen since the Great Recession, Congress is rushing to develop a sweeping economic lifeline for American households and businesses capsized by the coronavirus outbreak. Democrats said at least $750 billion would be needed, the AP reports. "We will need big, bold, urgent federal action to deal...

Mnuchin: No Recession Coming
Mnuchin: No Recession Coming

Mnuchin: No Recession Coming

A 'big rebound' is possible later in the year, Treasury secretary says

(Newser) - The US economy will slow during the pandemic, Treasury Secretary Steven Mnuchin said Sunday, but it won't tank. "The real issue is not the economic situation today," he said on ABC 's This Week. Mnuchin, a member of the Trump administration's coronavirus task force, added:...

On Greta Thunberg, Mnuchin's Wife Goes Rogue

'I stand with Greta on this issue'

(Newser) - Looks like another senior White House adviser's marriage stands divided : The latest public break comes after Treasury Secretary Steven Mnuchin called out 17-year-old climate activist Greta Thunberg , telling her to go and "(study) economics in college." The Hill reports that Mnuchin's wife, Scottish actress and occasional...

Mnuchin on Greta's Fossil Fuels Comment: Go to College

Treasury secretary takes a jab at Swedish climate activist at Davos

(Newser) - The person from the Trump administration usually criticizing Greta Thunberg is President Trump himself . On Thursday at the World Economic Forum in Davos, Switzerland, however, Treasury Secretary Steven Mnuchin decided to get in on the action with a jab against the 17-year-old Swedish climate activist. The talk had turned to...

The Harriet Tubman $20 Bill Isn't Coming in 2020 After All

We won't know if she'll for sure be on it until 2026

(Newser) - The 108th anniversary doesn't have quite the same ring to it, but that's apparently how it's going to be. Treasury Secretary Steven Mnuchin on Wednesday announced that the redesigned $20 bill—which former Treasury Secretary Jacob Lew in 2016 decided would feature Harriet Tubman—will not be...

IRS Memo Contradicts Administration on Trump Tax Returns

It rejects Mnuchin's reason for withholding them

(Newser) - A draft Internal Revenue Service memo obtained by the Washington Post directly undercuts Treasury Secretary Steven Mnuchin's rationale for refusing to give President Trump's tax returns to House lawmakers—and may expose a rift in the IRS over the issue. The legal memo prepared last fall states that...

Administration Turns Back Subpoena for Trump's Tax Returns

House chairman says he's considering his next legal step after Mnuchin's refusal

(Newser) - Again saying there's no "legitimate legislative" reason for seeking President Trump's tax returns, Treasury Secretary Steven Mnuchin rejected a House committee's subpoena for the documents on Friday. His letter kicks the issue back to the House, Politico reports, where Democrats will have to decide how to...

Mnuchin, IRS Chief Hit With Subpoenas on Trump Tax Returns

They have a deadline of 5pm next Friday to deliver the goods to House Democrats

(Newser) - The Treasury Department and IRS have been put on alert, and they've got a deadline. Politico reports on the ongoing Democratic effort to obtain President Trump's tax returns, with the latest move involving subpoenas from Richard Neal, chair of the House Ways and Means Committee, to Treasury Secretary...

Mnuchin Puts Refusal on Trump's Tax Returns in Writing

Treasury secretary officially rejects House request

(Newser) - Treasury Secretary Steven Mnuchin has made it official: The administration won't be turning President Trump's tax returns over to the Democratic-controlled House of Representatives. Mnuchin told Ways and Means Committee Chairman Richard Neal in a Monday letter that the panel's request "lacks a legitimate legislative purpose,...

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