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November 24, 2020

Steven Mnuchin

Markets cheer Yellen pick for Treasury, seeing her focus on fixing the economy and not politics

CNBC
CNBC – For more and to sign up click here Former Federal Reserve Board Chairwoman Janet Yellen Joshua Roberts | Reuters President-elect Joe Biden’s choice of Janet Yellen as Treasury Secretary was seen as a win for markets, since the former Federal Reserve chair should focus on fixing the economy......

Dow futures fall slightly to kick off week amid rising coronavirus cases

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CNBC – For more and to sign up click here Dow Jones Industrial average futures fell slightly in overnight trading on Sunday as a rising number of Covid-19 cases continued to weigh on markets. Futures contracts tied to the Dow fell 66 points, or 0.2%. The move indicated an opening......

Mnuchin says he and GOP leaders will discuss plan to pass targeted stimulus with Democrats’ help

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CNBC – For more and to sign up click here Treasury Secretary Steven Mnuchin said Friday that he and senior GOP lawmakers will attempt to draft a targeted stimulus package with Democrats in the coming weeks. Mnuchin explained that he and White House chief of staff Mark Meadows will later......

Mnuchin’s Fed move is like stripping Titanic of its lifeboats, economist says

CNBC
CNBC – For more and to sign up click here US Treasury Secretary Steve Mnuchin walks out of Senate Majority Leader Mitch McConnell’s office at the US Capitol in Washington, DC, on September 30, 2020. Nicholas Kamm | AFP | Getty Images U.S. Treasury Secretary Steven Mnuchin’s decision to allow......

The Hill’s Morning Report – Presented by the UAE Embassy in Washington, DC – Pence, Biden wage tug of war over pandemic plans

TheHill
USA TODAY – For more and to sign up click here Alexis Simendinger and Al Weaver   Presented by the UAE Embassy in Washington, DC     Welcome to The Hill’s Morning Report. Thankfully, it is Friday! We get you up to speed on the most important developments in politics......

Mnuchin decision cuts Fed lending power, but sources say emergency programs can be revived

CNBC
CNBC – For more and to sign up click here U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell share an elbow bump greeting prior to testifying before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response......

Treasury moves to end several crisis-era programs, drawing pushback from the Fed

CNBC
CNBC – For more and to sign up click here The Treasury Department is looking to extend a handful of the Federal Reserve programs used to get markets through the early days of the coronavirus crisis but is going to end several others that expire at the end of the......

As hopes fade for a major stimulus, here’s what it means for the fragile economy

CNBC
CNBC – For more and to sign up click here Election-stimulus: Hopes fade for big package. What it means for economy Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

McConnell says reaching an economic stimulus deal is ‘job one’ when Senate returns

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CNBC – For more and to sign up click here Senate Majority Leader Mitch McConnell (R-KY), gestures while giving election remarks at the Omni Louisville Hotel on November 4, 2020 in Louisville, Kentucky. Jon Cherry | Getty Images Senate Majority Leader Mitch McConnell on Wednesday said his top priority remains......

Here’s how the prospects for more coronavirus stimulus aid could change based on election results

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Coronavirus relief deal still elusive as Pelosi details outstanding issues

CBS News
CBS News – For more and to sign up click here Washington — Despite ongoing discussions with Treasury Secretary Steven Mnuchin over another coronavirus relief package, House Speaker Nancy Pelosi on Thursday revealed several areas that are still unresolved in talks with the Trump administration, indicating the two sides remain......

Pelosi presses Mnuchin for answers on coronavirus stimulus as she pushes to restart talks

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CNBC – For more and to sign up click here Speaker of the House Nancy Pelosi, D-Calif., speaks during her weekly new conference in Washington on Thursday, Oct. 22, 2020. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images House Speaker Nancy Pelosi on Thursday pressed Treasury Secretary Steven Mnuchin......

‘Fire them all’ — GOP governor rips Congress for inability to reach coronavirus stimulus deal

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CNBC – For more and to sign up click here Gov. Chris Sununu: Fire all of Congress over Covid relief impasse Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

Pelosi slams Trump administration over virus testing as stimulus negotiations remain deadlocked

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CNBC – For more and to sign up click here U.S. House Speaker Nancy Pelosi speaks during a press conference on Capitol Hill in Washington, D.C., the United States, on Oct. 9, 2020. Ting Shen | Xinhua News Agency | Getty Images House Speaker Nancy Pelosi eviscerated the Trump administration......

Long-term unemployment spikes for millions of Americans. Aid that’s kept them afloat may end soon

CNBC
CNBC – For more and to sign up click here Long-term unemployment is increasing as relief is running out Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

Black-owned restaurants in NYC struggle for survival as stimulus stalemate drags on

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CNBC – For more and to sign up click here Stimulus stalemate: Black-owned restaurants struggle for survival Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

As stimulus talks drag on in Washington, millions of small businesses await guidance on PPP loan forgiveness

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CNBC – For more and to sign up click here As stimulus talks drag on, uncertainty over PPP loan forgiveness grows Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

Pelosi cautions that Congress may be far from passing a stimulus bill despite progress on a deal

CNBC
CNBC – For more and to sign up click here U.S. House Speaker Nancy Pelosi speaks about the need for additional coronavirus relief during her weekly news conference with Capitol Hill reporters in Washington, U.S., October 22, 2020. Hannah McKay | Reuters While Democrats and the White House are close......

Senate Democrats block GOP’s $500 billion coronavirus aid bill as Pelosi-Mnuchin talks continue

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CNBC – For more and to sign up click here Senate Minority Leader Chuck Schumer (D-NY) participates in a news conference at the U.S. Capitol in Washington, October 20, 2020. Erin Scott | Reuters Senate Democrats blocked Republicans’ attempt to pass a $500 billion coronavirus stimulus bill Wednesday as House......

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