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July 6, 2020
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New York Times - Politics

Mnuchin and Powell Offer Mixed Views of Economic Recovery

New York Times
WASHINGTON — Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome H. Powell presented a mixed picture of the U.S. economy in testimony before Congress on Tuesday afternoon as lawmakers prepare for negotiations over another round of stimulus. The joint appearance of America’s two top economic policymakers comes as the......
New York Times - World

Mnuchin and Powell Talk About the Fed’s Pandemic Response: Live Updates

New York Times
New York Times – For more and to sign up click here A chorus of the Federal Reserve’s top officials said on Tuesday that the United States economy was probably past its pandemic-era low point, although they signaled that the recovery ahead was likely to be long and uncertain. Jerome......
CNBC Business

Powell and Mnuchin enter the lion’s den again to discuss pandemic response

CNBC
CNBC – For more and to sign up click here Steven Mnuchin, U.S. Treasury secretary, right, speaks with Jerome Powell, chairman of the U.S. Federal Reserve, during a Financial Stability Oversight Council (FSOC) meeting at the U.S. Treasury in Washington, D.C., U.S., on Wednesday, Dec. 19, 2018. Al Drago |......
CNBC Business

Treasury may consider delaying Tax Day to Sept. 15, Mnuchin says

CNBC
CNBC – For more and to sign up click here Steven Mnuchin, U.S. Treasury secretary, speaks during a Senate Small Business and Entrepreneurship Committee hearing in Washington, D.C., U.S., on Wednesday, June 10, 2020. Al Drago | Bloomberg | Getty Images This tax season may look more like a tax......
CNBC Business

Schumer slams Mnuchin for implying he won’t disclose names of PPP recipients

CNBC
CNBC – For more and to sign up click here Senate Minority Leader Chuck Schumer (D-NY) speaks at a press conference June 09, 2020 in Washington, DC. Schumer and Sen. Mazie Hirono (D-HI) answered questions related to reforming law enforcement policies in the wake of the death of George Floyd.......
CNBC Business

Treasury Secretary Mnuchin says ‘we can’t shut down the economy again’

CNBC
CNBC – For more and to sign up click here This is breaking news. Please check back for updates. Treasury Secretary Steven Mnuchin said that shutting down the U.S. economy for a second time to combat the spread of Covid-19 isn’t a viable option and could cause even more headaches for......
CNBC Business

Democrats want Mnuchin to explain why bailed-out airlines are cutting workers’ hours

CNBC
CNBC – For more and to sign up click here House Democrats want Treasury Secretary Steven Mnuchin to explain why airlines are getting away with cutting workers’ hours after they received portions of $25 billion in government coronavirus relief funds aimed at maintaining worker payroll. The lawmakers also want Mnuchin......
New York Times - Politics

Mnuchin and Powell Warn of Economic Scarring, and Offer Divergent Solutions

New York Times
WASHINGTON — The United States economy faces irreparable damage from the coronavirus, the nation’s top economic policymakers warned on Tuesday, although they offered differing solutions on how to ease the blow to business that has thrown more than 20 million people out of work. In a joint appearance before the......
New York Times - World

Powell and Mnuchin Give Lawmakers Stark Economic Outlook: Live Updates

New York Times
New York Times – For more and to sign up click here The U.S. economy faces irreparable damage from the fallout of the coronavirus pandemic, the nation’s top economic policymakers warned lawmakers on Tuesday, as the Congress and the White House grapple with how to restart business activity and how......
Reuters - Business

Mnuchin defends U.S. fiscal response to pandemic, seeks payroll loan extension

Reuters
WASHINGTON (Reuters) – 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 program for small businesses. In a sometimes testy hearing before the Senate Banking Committee, Mnuchin and......
CNBC Business

‘We are fully prepared to take losses’ on coronavirus business bailouts, Mnuchin says

CNBC
CNBC – For more and to sign up click here US Treasury Secretary Steven Mnuchin speaks at a State, Foreign Operations and Related Programs Subcommittee hearing on “Department of the Treasury Budget Request for FY2021” in the Rayburn House Office Building on Capitol Hill March 11, 2020 in Washington, DC.......
CBS US News

Watch Live: Powell, Mnuchin testify before Senate Banking Committee on CARES Act progress

CBS News
CBS News – For more and to sign up click here   Updated 13m ago Mnuchin: Government has distributed nearly $1 trillion in stimulus aid Treasury Secretary Steven Mnuchin is expected to tell a Senate panel on Tuesday that the federal government has already distributed nearly $1 trillion in stimulus......
Reuters - Business

Powell, Mnuchin to face Senate grilling on U.S. coronavirus response

Reuters
WASHINGTON (Reuters) – The U.S. government’s handling of its massive economic response to the coronavirus pandemic will come under scrutiny on Tuesday as Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell testify before the Senate Banking Committee. FILE PHOTO: U.S. Treasury Secretary Steve Mnuchin (R) and Federal Reserve......
New York Times - Politics

Small-Business Loan Deadline Poses Test for Mnuchin

New York Times
WASHINGTON — When big businesses like Shake Shack and the Los Angeles Lakers basketball franchise took millions of dollars’ worth of emergency loans intended for small businesses, Treasury Secretary Steven Mnuchin called such borrowing “outrageous,” narrowed eligibility and threatened to hold companies criminally liable if they did not give the......
Reuters - Business

California should do whatever’s needed to help Tesla reopen car factory: Mnuchin

Reuters
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin answers questions during the daily coronavirus task force briefing at the White House in Washington, U.S., April 21, 2020. REUTERS/Jonathan Ernst (Reuters) – California should do whatever is necessary to help electric carmaker Tesla Inc reopen its only U.S. vehicle factory, U.S. Treasury......
Reuters - Business

U.S. has no need to buy back debt, will take advantage of low interest rates: Mnuchin

Reuters
FILE PHOTO: Treasury Secretary Steven Mnuchin addresses the daily coronavirus response briefing as U.S. President Donald Trump listens at the White House in Washington, U.S., April 2, 2020. REUTERS/Tom Brenner WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Monday he sees no need for the country to buy......
Reuters - Business

U.S. unemployment rate will get worse, Treasury’s Mnuchin says

Reuters
FILE PHOTO: People who lost their jobs wait in line to file for unemployment benefits, following an outbreak of the coronavirus disease (COVID-19), at Arkansas Workforce Center in Fort Smith, Arkansas, U.S. April 6, 2020. REUTERS/Nick Oxford/File Photo WASHINGTON (Reuters) – The staggering U.S. unemployment rate reported by the government......
Reuters - Business

Mnuchin warns some U.S. firms could face criminal liability over coronavirus loans

Reuters
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin answers questions during the daily coronavirus task force briefing at the White House in Washington, U.S., April 21, 2020. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – The U.S. Treasury Department will audit every loan for more than $2 million given under the Paycheck Protection Program......

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