Steven Mnuchin

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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... More »

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... More »

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... More »

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... More »

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,... More »

Treasury Again Misses Trump Tax Return Deadline

Mnuchin says final decision will be issued by May 6

(Newser) - The Treasury Department on Tuesday defied a demand from House Ways and Means Committee Chairman Richard Neal to turn over six years of Trump's tax returns by the close of business—a strong signal that they intend to reject the request. In a letter to Neal, Treasury Secretary Steve... More »

Sears Sues Own Ex-Chairman

Claims Eddie Lampert stripped it of $2B in assets

(Newser) - Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets. The lawsuit, which was filed late Wednesday with the US Bankruptcy Court of the Southern District of New York, also names former... More »

Treasury Misses Deadline for Trump Tax Returns

Mnuchin cites concerns about Democrats' request

(Newser) - If Democrats want to see President Trump's tax returns, they might have to go through the courts. Treasury Secretary Steven Mnuchin set up a potential legal battle Wednesday by telling House Democrats the department wouldn't meet that day's deadline for handing over six years of the president'... More »

Mnuchin: 'Continue to Grill Me' and 'I Will Not Be Back'

Secretary leaves hearing after heated exchange with Maxine Waters

(Newser) - Treasury Secretary Steven Mnuchin and House Financial Services Chair Maxine Waters probably won't be exchanging holiday cards this year after things got a little tense during the Treasury secretary's testimony on Tuesday. Mnuchin had testified about his plans to respond to requests for President Trump's tax returns... More »

Bolton's Notepad Suggests Military Move on Venezuela

'All options are on the table'

(Newser) - The White House says "all options are on the table" for Venezuela—apparently including the arrival of American troops to its neighbor. The words "Afghanistan -> welcome the talks" and "5,000 troops to Colombia" were seen scribbled on a yellow notepad in the hands of national... More »

Despite Mnuchin's Comments, Stock Market Sinks Again

Dow flirts with dipping below 22K

(Newser) - Treasury chief Steven Mnuchin made an unusual move over the weekend in an attempt to soothe rattled financial markets. But based on the stock market's open, it appears that Mnuchin's call to the CEO of the six largest US banks didn't help. In fact, one financial analyst... 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 »

US Just Reimposed All Sanctions on Iran

Move follows decision to withdraw from 2015 nuclear deal

(Newser) - The Trump administration on Friday announced the reimposition of all US sanctions on Iran that had been lifted under the 2015 nuclear deal. The sanctions will take effect Monday and cover Iran's shipping, financial, and energy sectors, the AP reports. It's the second batch of penalties the administration... More »

Pompeo Asks Trump to Give Saudis More Time

Also, treasury chief pulls out of high-profile economic summit in Saudi Arabia

(Newser) - Mike Pompeo continues to urge patience with the Jamal Khashoggi case: The US secretary of state says he has advised the White House to give Saudi Arabia "a few more days" to complete its investigation into the journalist's disappearance. At that point, "we can make decisions about... More »

Even Trump Allies Fear China Is Out-Negotiating US

But president touts progress and criticizes Democrats for doing 'nothing' for years

(Newser) - President Trump on Monday made the case that his White House is righting years of wrong in regard to China. Beijing "has agreed to buy massive amounts of ADDITIONAL Farm/Agricultural Products - would be one of the best things to happen to our farmers in many years!" he... 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 »

US Sanctions Russians, Warns of Cyberthreat to Energy Grid

Mnuchin says US won't tolerate 'malign Russian cyber activity'

(Newser) - The Trump administration is imposing sanctions on 19 Russians for alleged interference in the 2016 election, including 13 indicted by special counsel Robert Mueller. The penalties also include the first use of new powers that Congress passed last year to punish Moscow for election meddling. Those targets include officials working... More »

After Missteps, Mnuchin's Wife Turns to Protocol Expert

Louise Linton says she is 'super duper sorry' over gaffes last year

(Newser) - Louise Linton, the wife of Treasury chief Steven Mnuchin, did not have a great 2017 in the public eye. First came her Instagram fiasco in which she belittled a critic of her love of branding, then came an unfortunate photo op with newly printed dollar bills. Now, she's back... More »

US Tightens Screws on 2 of Kim's Most Trusted Aides

Treasury sanctions top officials, bans them from dealing with US citizens

(Newser) - The US Treasury Department has issued sanctions against two officials it describes as "key leaders of North Korea's unlawful weapons programs." The sanctions against Kim Jong Sik and Ri Pyong Chol block them from any property or interests in property within US jurisdiction and prohibit them from... More »

Secret Service Interviews Man About Sending Poop to Mnuchin

Psychologist Robby Strong is taking credit for the gift-wrapped horse manure

(Newser) - The US Secret Service confirmed Monday it interviewed a person claiming responsibility for the gift-wrapped horse poop that turned up at Treasury Secretary Steve Mnuchin's house Saturday in Los Angeles, the AP reports. Secret Service spokesperson Cody Starken declined to identify the individual who was interviewed. But More »

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