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July 11, 2020
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Steven Mnuchin

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Fewer Americans may get a second stimulus check. What we know about the next round of payments

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Treasury’s Mnuchin backs narrower coronavirus aid package as talks with Congress resume

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CNBC – For more and to sign up click here Treasury Secretary Steven Mnuchin indicated Thursday that the White House will not back the kind of sweeping coronavirus relief it supported in earlier bills, instead opting for narrower aid even as the pandemic ravages the United States. Congress plans to......
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Trump administration to release partial list of companies that got small business relief loans

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CNBC – For more and to sign up click here Treasury Secretary Steven Mnuchin speaks as U.S. President Donald Trump and White House senior adviser Ivanka Trump listen during an East Room event highlighting Paycheck Protection Program (PPP) loans for small businesses adversely affected by the coronavirus disease (COVID-19) outbreak,......
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Treasury Department, IRS will not extend Tax Day a second time

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CNBC – For more and to sign up click here Uncle Sam has heard your requests for more time to file your taxes – and they have been denied. The Treasury Department and the IRS will stick with the July 15 deadline for 2019 income tax returns and taxes owed......
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About $1.4 billion in stimulus checks sent to deceased Americans

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CNBC – For more and to sign up click here The federal government has sent stimulus checks of up to $1,200 to millions of Americans — including deceased individuals. A new report from the Government Accountability Office finds that about 1.1 million payments, totaling almost $1.4 billion, mistakenly have been sent......
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Treasury may consider delaying Tax Day to Sept. 15, Mnuchin says

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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......
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GOP senator: Lawmakers better get ‘creative’ before $600-per-week federal jobless benefit expires

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CNBC – For more and to sign up click here Sen. Rob Portman told CNBC on Thursday that Washington lawmakers need a constructive solution to the federal unemployment supplement that is set to expire next month.  The extra $600 per week, on top of state-level benefits, was created as part of......
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US pulls out of talks to tax tech giants in a blow to Europe’s plans

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CNBC – For more and to sign up click here French Finance and Economy Minister Bruno Le Maire (L) greets US Treasury Secretary of State Steven Mnuchin. ERIC PIERMONT The United States has shocked Europe by pulling out of negotiations over an international digital tax and threatened to retaliate if......
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House Democrats demand big bank CEOs disclose documents about small business loans in coronavirus bailout

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CNBC – For more and to sign up click here Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. Janhvi Bhojwani | CNBC House Democrats on Monday wrote to the chief executives of some of the country’s largest banks demanding they disclose......
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Schumer slams Mnuchin for implying he won’t disclose names of PPP recipients

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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.......
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Democrats push for simpler loan-forgiveness process in small business coronavirus bailout

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CNBC – For more and to sign up click here U.S. Secretary of the Treasury Steven Mnuchin testifies with Jovita Carranza, Administrator U.S. Small Business Administration during the Senate Small Business and Entrepreneurship Hearings to examine implementation of Title I of the CARES Act on Capitol Hill on June 10,......
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‘Markets always overshoot’ — Gary Cohn says stocks are seeking fair value as coronavirus concern grows

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CNBC – For more and to sign up click here Former Goldman Sachs executive Gary Cohn told CNBC on Thursday that more market volatility may lie ahead, following the worst day for stocks in three months.  “We’re in the period where we’re trying to find a relative fair value for......
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Additional stimulus legislation may be coming. Here’s what could be in it

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CNBC – For more and to sign up click here Residents of Milford, Pennsylvania, and surrounding Pike County demonstrate against Governor Tom Wolf and ongoing business closures amid the coronavirus pandemic. Preston Ehrler | SOPA Images | Getty Images Americans who are eager for more help from the government could......
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Treasury Secretary Mnuchin says ‘we can’t shut down the economy again’

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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......
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White House, GOP push coronavirus relief talks to late July, sources say

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CNBC – For more and to sign up click here Treasury Secretary Steven Mnuchin discusses details for economic relief during the daily coronavirus response briefing as Small Business (SBA) Administrator Jovita Carranza listens at the White House in Washington, U.S., April 2, 2020. Tom Brenner | Reuters White House and......
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35 million stimulus checks are still outstanding. What you need to know if you’re waiting for your money

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CNBC – For more and to sign up click here The U.S. government has sent 159 million stimulus checks to Americans. But there are still an estimated 30 million to 35 million payments yet to be issued, according to new data on the progress of the payments from the House......
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Democrats want Mnuchin to explain why bailed-out airlines are cutting workers’ hours

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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......
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Trump administration warms up to sending out more coronavirus relief money

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CNBC – For more and to sign up click here US President Donald Trump speaks to the press as he departs the White House in Washington, DC, on May 21, 2020. Mandel Ngan | AFP | Getty Images President Donald Trump and his advisors showed more support for a new......
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More than half of small businesses are looking to have PPP funds forgiven, survey says

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CNBC – For more and to sign up click here While government aid initiatives like the Paycheck Protection Program have helped small businesses, frustrations are mounting on Main Street due to a lack of guidance from the Small Business Administration on loan forgiveness and how to use the funds appropriately......
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5 things to know before the stock market opens Wednesday

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CNBC – For more and to sign up click here 1. Dow set to recover much of Tuesday’s losses The Dow came under pressure in the final hour of trading after a STAT News report raised concerns about Monday’s trial results for a potential coronavirus vaccine from Moderna. Shares of......

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