Steven Mnuchin

Stories 1 - 20 |  Next >>

'Knock-Down' Fight Erupts in Oval Office

Two key presidential advisors argue in the White House

(Newser) - A "knock-down, dragout" argument broke out in the Oval Office last week when two key presidential advisors fought in front of their boss, an insider tells the Washington Post . Trade adviser Peter Navarro and Treasury Secretary Steven Mnuchin reportedly locked horns over the fate of TikTok, the Chinese-owned video... More »

Lawmakers Are Locked in COVID-19 Aid Talks

'It was more productive than the other meetings': Sen. Chuck Schumer

(Newser) - Lawmakers participating in rare weekend talks on a huge coronavirus relief measure reported progress on Saturday, as political pressure mounts to restore a newly expired $600-per-week supplemental unemployment benefit and send funding to help schools reopen, the AP reports. "This was the longest meeting we had and it was... More »

Kudlow on Next Stimulus Bill: 'There's a $1.2K Check Coming'

Senate GOPers set to reveal $1T coronavirus relief package on Monday

(Newser) - Senate Republicans are set to release a $1 trillion coronavirus relief package on Monday, and with that deal, Americans can expect checks similar to the ones sent out in the last round. "There's a $1,200 check coming," White House chief economic adviser Larry Kudlow said in... More »

Pelosi Slams GOP Over New Virus Relief Plan

The House Speaker criticizes White House 'dissaray'

(Newser) - House Speaker Nancy Pelosi on Sunday assailed Republican "disarray" over a new pandemic relief package as the White House suggested a narrower effort might be necessary, at least for now, the AP reports. The California Democrat panned the Trump administration's desire to trim an expiring temporary federal unemployment... More »

Republicans Ditch Key Trump Demand in New Aid Package

Payroll tax cut won't be in 'base bill'

(Newser) - Republicans have jettisoned one of President Trump's key demands even before the start of negotiations with Democrats over the next coronavirus stimulus package. Senate Republicans, who are planning to unveil the package Thursday, decided not to include the payroll tax cut the president has been calling for, the Washington ... More »

Mnuchin: Let's Forgive Those Small-Business Loans

The treasury secretary echoes a proposal made by banks and trade associations

(Newser) - Good news for small-business owners: You might not have to pay back that federal loan. Treasury Secretary Steven Mnuchin said as much Friday in a House committee meeting where he pushed for another round of Paycheck Protection Program loans to struggling businesses, the Wall Street Journal reports. "One of... More »

Administration Widens Loan Disclosure, but Watchdogs Want More

Government was under pressure to provide information about who received the money

(Newser) - The Trump administration has relented to public pressure and pledged to provide more details about which small businesses received loans from a $600 billion-plus coronavirus aid program. But government watchdogs say even more transparency is needed to get an accurate picture of who was helped and who was left out,... More »

Mnuchin Gives His Take on Closing the Economy Again

The treasury secretary gave his take as Wall Street shuddered over the coronavirus

(Newser) - Treasury Secretary Steven Mnuchin says re-closing the US economy is not an option. "We can't shut down the economy again. I think we've learned that if you shut down the economy, you're going to create more damage," he told CNBC 's Jim Cramer on... More »

Mnuchin Mixes Up Flags in Twitter Clash With Axl Rose

Rock singer is not a fan of the Treasury secretary

(Newser) - Guns N' Roses frontman Axl Rose tangled with Treasury Department frontman Steven Mnuchin in a Twitter spat Wednesday night. "It’s official! Whatever anyone may have previously thought of Steve Mnuchin he’s officially an a--hole," Rose tweeted . Mnuchin soon responded, tweeting : "What have you done for... More »

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... More »

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 »

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... 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 »

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... More »

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... More »

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... More »

'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... More »

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... More »

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... More »

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... More »

Stories 1 - 20 |  Next >>
We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.