Department of Treasury

StoryJul 23, 2020Read →

Mnuchin on Trump’s Proposed Payroll Tax: ‘It Won’t Be in the Base Bill’

Treasury Secretary Steven Mnuchin is weighing in on President Donald Trump’s proposed payroll tax cut, confirming it “won’t be” part of the base coronavirus relief bill. On Thursday morning, Mnuchin appeared on CNBC’s…

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StoryJul 9, 2020Read →

Mnuchin Supports Extension of Reduced Unemployment Benefits

Treasury Secretary Steven Mnuchin is admitting that he does support extending unemployment benefits as the coronavirus outbreak continues to spread. During an interview on CNBC, Mnuchin discussed the financial aspects…

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ReportingJul 6, 2020Read →

US Treasury to Name Small Businesses That Took Pandemic Aid, Says 51.1 Million Jobs Supported

The Trump administration on Monday said it was releasing the names of hundreds of thousands of businesses which took money from a high-profile $660 billion pandemic aid program, letting the public see for the first time…

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StoryMay 19, 2020Read →

Treasury Announces New Stimulus Payment Method

The U.S. Department of Treasury is announcing a new method of payment in an effort to fast-track Economic Impact Payments (EIP) to American workers and families. Treasury Secretary Steven Mnuchin released a statement…

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ReportingMay 4, 2020Read →

U.S. Treasury Blasts Records With $3 Trillion Borrowing Need This Quarter

The U.S. Treasury Department on Monday said it plans to borrow nearly $3 trillion in the second quarter of 2020 – more than five times larger than the previous record – as the federal government spends at a frantic pace…

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ReportingApr 27, 2020Read →

Explainer: U.S. Payroll Protection Program: What Has Changed in Round Two?

The Small Business Administration (SBA) on Monday will release $310 billion in funds for the second round of its program that aims to help small businesses hurt by the novel coronavirus disruption to cover their payroll…

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StoryApr 16, 2020Read →

Coronavirus Stimulus Checks Are Reportedly Being Sent to People Who Have Died

The federal government is facing some challenges as stimulus checks are reportedly being sent to people who have died. Some Americans, including a U.S. lawmaker, have taken to Twitter to share details of occurrences…

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StoryApr 15, 2020Read →

Treasury Dept. Orders IRS to Print Trump’s Name on Stimulus Checks

Stimulus checks could be delayed as the U.S. Department of the Treasury has one more condition before they are sent out to Americans. According to The Washington Post , the Treasury Department is ordering the Internal…

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