Treasury secretary

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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... More »

Paul O'Neill Is Dead at 84

The former Treasury secretary was known for his straight-talking style

(Newser) - Paul O’Neill, a former Treasury secretary who broke with George W. Bush over tax policy and then produced a book critical of the administration, died Saturday. He was 84. O'Neill's son, Paul O’Neill Jr. confirmed that his father died at his home in Pittsburgh after battling... More »

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,... More »

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... More »

Mnuchin: Everything's Fine, Banks Have Money to Lend

'Not exactly confidence inspiring'

(Newser) - Treasury Secretary Steven Mnuchin announced Sunday that he had called the CEOs of America's six largest banks and they had confirmed him that they had ample cash available for lending. His tweet , however, alarmed some analysts, who noted that Treasury secretaries don't call bank chiefs on a Sunday... More »

She Thought Everyone in DC Would Be 'So Nice.' Maybe Not?

Louise Linton, wife of Steven Mnuchin, tells 'Washingtonian' of adapting to 'mean girls' town

(Newser) - Louise Linton has been the subject of much interest since her arrival in DC, as evidenced by not just one profile on her, but now a second. The latest take on Steven Mnuchin's wife comes via the Washingtonian , and author Elaina Plott poses one big question: "Is DC... More »

Watchdog Finds 'Disconnnect' on Mnuchin's Flights

Rich Delmar says they were legal but poorly justified

(Newser) - "Just because something is legal doesn't make it right," White House budget chief Mick Mulvaney said when setting down new travel rules —and it was a line that a Treasury Department watchdog decided to include in his report on Steven Mnuchin's travel. In his review... More »

Mnuchin: Jet Request Was All About National Security

And he says as a New Yorker, he didn't care about eclipse

(Newser) - Treasury Secretary Steven Mnuchin said Thursday his request for use of a government plane for his European honeymoon earlier this summer was about national security and not his own personal convenience. Mnuchin said as a member of the president's National Security Council, he needed a secure communications link with... More »

Treasury Secretary Asked for Air Force Jet for Honeymoon

Steven Mnuchin's request was turned down

(Newser) - As a wealthy former Goldman Sachs banker, Treasury Secretary Steven Mnuchin is used to traveling in style—but his request for a government plane to take him and new wife Louise Linton on their European honeymoon was rejected. Officials tell ABC News that Mnuchin's office made a formal—and... More »

Treasury Secretary's Wife Reacts to Backlash Over Instagram Post

Louise Linton had gone after commenter who railed into her over luxury lifestyle

(Newser) - Louise Linton had her "let them eat cake" moment , but now she's eating crow. The Scottish actress and new wife of Treasury Secretary Steve Mnuchin issued a short apology Tuesday after posting a picture of herself on Instagram disembarking from a military jet (she'd accompanied Mnuchin on... More »

GOP to Dems Skipping Cabinet Votes: 'Stop Acting Like Idiots'

Democrats want more information before votes for Mnuchin for Treasury, Price for HHS

(Newser) - Senate confirmation hearings for President Trump's Cabinet choices got heated Tuesday—or at least the ones that took place. Democrats on the Senate Finance Committee angered not only by Trump's recent travel ban , but also by his firing of acting AG Sally Yates , forced votes Tuesday to be... More »

Trump Likely to Name Suicide Squad Producer Treasury Sec

Steven Mnuchin is also a former Goldman Sachs executive

(Newser) - Donald Trump is preparing to name a former Goldman Sachs executive and Hollywood financier as Treasury secretary, the Wall Street Journal reports. Before spending six months as the Trump campaign's finance chairman, Steven Mnuchin was chairman of Dune Capital Management. IMDB lists him as producer on nearly three-dozen movies,... More »

Bill Clinton Had Unusual CEO Advice for Geithner

Slitting Lloyd Blankfein's throat wouldn't help in the long run, said former president

(Newser) - The New York Times magazine has a lengthy profile of Tim Geithner ahead of Monday's release of the former Treasury chief's new book, and one bit in particular involving Bill Clinton is getting a lot of attention. Geithner had asked Clinton's advice on appeasing populist anger in... More »

Jack Lew: US About to Default on Its Debt

Treasury secretary asks Congress to extend the debt limit

(Newser) - US Treasury Secretary Jack Lew sent a message to Congress today: To wit, we need more money, and fast. Lew warned lawmakers that they'd better raise the country's borrowing limit before the current debt-limit suspension expires on Friday and reinstates a $16.7 trillion cap, the BBC reports.... More »

Geithner Headed to Wall Street

Named president of private equity firm

(Newser) - Former Treasury Secretary Timothy Geithner, who played a central role in the government's response to the financial crisis of 2008-2009, is joining private equity firm Warburg Pincus LLC. The New York-based firm announced today that Geithner will serve as its president and managing director starting March 1. The company... More »

Lew on Debt Ceiling Showdown: Never Again

'Cannot take a risk with the full faith and credit'

(Newser) - For lawmakers who might be getting used to last-minute debt ceiling showdowns, the country's Treasury secretary has a message: Not so fast, sunshine. "The message that we have to send going forward is that there was a turning point on Wednesday night and this won't happen again,... More »

Jack Lew Working Hard to Keep This Off Our Dollar Bills

Treasury secretary's signature showing signs of improvement

(Newser) - Treasury Secretary Jacob Lew's loopy signature is showing signs of improvement as he gets ready to affix his "Jacob Lew" to the nation's currency. President Obama joked in January when he nominated Lew for the Treasury post that he had never noticed before how illegible Lew's... More »

Senate Confirms Jack Lew to Be Treasury Chief

He succeeds Geithner, has pretty cool signature

(Newser) - The Senate confirmed Jacob ("Jack") Lew to be Treasury secretary, affirming President Obama's choice of a budget expert at a time when Congress and the White House are at odds over sharp government spending cuts. The Senate voted 71-26 to support the nomination. Lew, 57, who had... More »

Senate Panel OKs Jack Lew

Treasury nominee now heads to full Senate

(Newser) - The Senate Finance Committee has given Jack Lew its stamp of approval, pushing forward his semi-contentious nomination as secretary of the Treasury by a 19-5 vote, reports Politico . Max Baucus, the panel's Democrat chairman, said ahead of the vote that Lew had answered all questions "in a thorough... More »

Geithner to Pen Book on Financial Crisis

Plus: ex-Treasury secretary joining Council on Foreign Relations

(Newser) - Timothy Geithner will write a book about his fun times during the financial crisis, set for release in 2014, the AP reports. He'll be represented by the same lawyer who helped ink book deals for President Obama and Hillary Clinton. Meanwhile, the former Treasury secretary is becoming a distinguished... More »

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