Steven Mnuchin

StoryAug 2, 2020Read →

Mnuchin: $600 Unemployment Insurance Acts Is a Disincentive to Find a Job in ‘Certain Cases’

While Democrats and Republicans continue to grapple with the next stimulus package, Treasury Secretary Steven Mnuchin suggests the $600 in enhanced unemployment benefits is doing more harm than good in some situations…

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StoryAug 2, 2020Read →

Congressional Democrats, White House Still at Impasse Over Coronavirus Bill

The top Democrats in Congress are not close to a deal with the White House to pump more money into the U.S. economy to ease the coronavirus’ heavy toll, both sides said on Saturday, after an essential lifeline for…

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StoryJul 29, 2020Read →

Mnuchin: Republicans and Democrats Are ‘Very Far Apart’ on Reaching Stimulus Deal

Treasury Secretary Steven Mnuchin revealed on Wednesday Republicans and Democrats are struggling with negotiations over the next coronavirus relief bill. Speaking to reporters alongside President Donald Trump at the…

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ReportingJul 27, 2020Read →

US Republicans to Unveil Coronavirus Aid Proposal as Time Runs Out on Jobless Benefits

U.S. Senate Republicans on Monday are expected to unveil a $1 trillion coronavirus aid package hammered out with the White House, a starting point for negotiations with Democrats as unemployment benefits that have kept…

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StoryJul 23, 2020Read →

Mnuchin Suggests Coronavirus Relief Package Will Not Be Bail Out for ‘Mismanaged’ States

Treasury Secretary Steven Mnuchin is suggesting the next coronavirus relief package will not act as a bailout for states, as he says, that were poorly managed prior to the coronavirus pandemic. Appearing on CNBC’s…

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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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StoryJul 9, 2020Read →

Mnuchin on Future Coronavirus Relief: ‘We Do Support Another Round’ of Direct Payments

Treasury Secretary Steven Mnuchin says President Donald Trump’s administration is eying another round of direct payments to help Americans struggling financially due to coronavirus shutdowns. During Thursday’s…

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StoryJul 2, 2020Read →

Mnuchin: Next Phase of Coronavirus Relief Package Could Include Funding for Schools

Schools across the nation have made the difficult decision to send their students home amid the coronavirus pandemic. Still, Treasury Secretary Steven Mnuchin is suggesting relief may be coming their way. During a press…

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ReportingJun 30, 2020Read →

Powell, Mnuchin Enter the Lion’s Den Again to Discuss Pandemic Response

U.S. lawmakers on Tuesday will get another chance to grill the heads of the Federal Reserve and Treasury over the effectiveness of the nearly $3 trillion in emergency aid doled out to stem the economic fallout from the…

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StoryJun 12, 2020Read →

Treasury Department Says Trump Admin Has No Plans to Put Harriet Tubman on $20 Bill

The Department of the Treasury says that they have no immediate plans to put iconic abolitionist Harriet Tubman on the $20 bill, at least not in this administration. Treasury Secretary Steven Mnuchin said on Thursday…

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StoryJun 11, 2020Read →

Mnuchin: US ‘Can’t Shut Down the Economy Again’ If There Is a Second Coronavirus Wave

As states begin to reopen and protests continue throughout the country, 19 states are reporting an increase in the number of coronavirus cases. The increase in cases spooked investors on Thursday morning, as the Dow…

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ReportingJun 10, 2020Read →

US Treasury Chief Says Considering More Direct Payments in Next Coronavirus Aid Bill

U.S. Treasury Secretary Steven Mnuchin said on Wednesday he would seriously consider more direct payments to individuals in the next phase of coronavirus rescue legislation, adding that funds should also be targeted to…

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StoryMay 21, 2020Read →

Mnuchin Says There Is a ‘Strong Likelihood’ Extra Coronavirus Relief Funds Will Be Needed

While Congressional Republicans have indicated that they would like to hold off on another coronavirus relief package, Treasury Secretary Steven Mnuchin says it is likely that Congress will have to pass additional…

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StoryMay 21, 2020Read →

McConnell Declares Expanded Unemployment Benefits ‘Will Not Be in the Next Bill’

Senate Majority Leader Mitch McConnell (R-Ky.) is vowing that an expansion for unemployment benefits will not be included for the next coronavirus stimulus package. During a call with Senate Republicans on Wednesday…

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ReportingMay 20, 2020Read →

Mnuchin Defends US Fiscal Response to Pandemic, Seeks Payroll Loan Extension

U.S. Treasury Secretary Steven Mnuchin on Tuesday defended the Trump administration’s fiscal response to the coronavirus pandemic and told senators he was willing to consider extending and modifying a payroll loan…

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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 14, 2020Read →

Treasury’s Mnuchin Says US Will Slowly Reopen Economy

U.S. Treasury Secretary Steven Mnuchin said on Wednesday the economy will be reopened slowly but he cautioned that waiting too long risked severe economic damage. “We’re going to slowly open the economy,” Mnuchin told…

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StoryMay 11, 2020Read →

Elon Musk Says Tesla Will Restart Production in California Despite Government Orders

Tesla is set to restart production of its electric vehicles in its factory in California, despite the fact that Alameda County said that it cannot reopen yet. While California Gov. Gavin Newsom (D) announced that…

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StoryMay 11, 2020Read →

Mnuchin Open to Working With Congress on Changing Terms for Small Business Loans

U.S. Treasury Secretary Steven Mnuchin is admitting that he is considering changes to the restrictions on small business loans under the Treasury’s and Small Business Administration’s Paycheck Protection Program (PPP)…

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