Trends - Steven Mnuchin - Business Recorder

World

Yellen makes history again as US Treasury secretary

Early in Trump's term, she did not hesitate to warn of the risks tax cuts like the one he was proposing would have on the budget deficit.

Published 27 Jan, 2021 11:38am

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Yellen wins unanimous Senate panel vote for Treasury despite concerns

WASHINGTON: The US Senate Finance Committee on Friday unanimously approved Janet Yellen's nomination as the first...

Published 23 Jan, 2021 03:56am

World

Mnuchin condemns Capitol violence, looks to transition; Netanyahu calls incident a 'rampage'

Netanyahu condemned Wednesday's storming of the U.S. Congress by supporters of outgoing Republican President Donald Trump.

Published 07 Jan, 2021 04:45pm

World

US treasury chief inks Sudan deal after blacklisting lifted

The signing came after the United States on December 14 formally removed Sudan from its crippling blacklist.

Published 06 Jan, 2021 07:56pm

World

US treasury chief visits Sudan after blacklisting lifted

Mnuchin is scheduled to meet both head of state General Abdel Fattah al-Burhan and Prime Minister Abdalla Hamdok.

Published 06 Jan, 2021 05:18pm

World

Treasury's Mnuchin tells NYSE chief he disagrees with reversal of Chinese delisting plans

Plans for the delistings of China Mobile, China Unicom and China Telecom were prompted by a White House executive order banning U.S. investment in Chinese military-linked companies.

Published 06 Jan, 2021 03:54am

World

US Congress edges toward approval of $900bn stimulus package

Progressive New York Representative Alexandria Ocasio-Cortez said earlier Monday that legislators still did not have copies of the more than 5,550-page bill.

Published 22 Dec, 2020 08:52am

World

Americans to start receiving relief checks next week: Mnuchin

Mnuchin said people are going to see this money by the beginning of the next week.

Published 21 Dec, 2020 08:10pm

World

Still no COVID-19 relief bill as U.S. Congress faces shutdown deadline

Congressional leaders plan to pass the COVID-19 aid as part of sweeping legislation to fund the government through September 2021.

Published 18 Dec, 2020 08:20pm

World

Pelosi, Mnuchin discuss COVID-19 relief, spending bill: Pelosi spokesman

Pelosi reiterated Democratic concerns about liability provisions in the COVID-19 relief bill, and told Mnuchin that remaining unresolved items in the spending bill could be resolved easily.

Published 15 Dec, 2020 04:10pm

World

Pelosi, Mnuchin discuss COVID-19 relief, spending bill: Pelosi spokesman

Pelosi reiterated Democratic concerns about liability provisions in the COVID-19 relief bill, and told Mnuchin that remaining unresolved items in the spending bill could be resolved easily, Pelosi spokesman Drew Hammill wrote on Twitter.

Published 15 Dec, 2020 09:38am

Mnuchin says COVID aid checks would spur more jobs than unemployment supplement

He said he was "cautiously hopeful" that the two parties could reach agreement on aid to support the economy until COVID-19 vaccines are widely available.

Published 10 Dec, 2020 10:41am

World

U.S. Treasury's Mnuchin says he presented $916 billion COVID-19 relief proposal to Pelosi

"As part of this proposal, we will fund it using $140 billion in unused funds from the Paycheck Protection Program and $429 billion in Treasury funds," Mnuchin said.

Published 09 Dec, 2020 05:29pm

World

US Treasury's Mnuchin says he presented $916 billion COVID-19 relief proposal to Pelosi

"As part of this proposal, we will fund it using $140 billion in unused funds from the Paycheck Protection Program and $429 billion in Treasury funds," Mnuchin said.

Published 09 Dec, 2020 11:42am

Business & Finance

Treasury chief backs $20 billion for US airlines payroll

I think that would be very meaningful in terms of employment and saving the industry.
Airlines spent months seeking a new bailout and have won overwhelming support in the US Congress.

Published 03 Dec, 2020 12:45am

World

US stimulus deal 'hard' to accomplish before election: Mnuchin

President Donald Trump threw the stimulus negotiations into chaos last week when he ordered Mnuchin to halt the talks, but he quickly reversed course..

Published 15 Oct, 2020 09:27pm

Markets

US stimulus hopes dim as Mnuchin says negotiators 'far apart'

Under their latest proposal, Democrats want to enact a broad measure costing $2.2 trillion, but the Trump administration's latest offer was for $1.8 trillion.

Published 15 Oct, 2020 02:27am

World

Pelosi, Mnuchin fail to reach COVID-19 stimulus deal, but talks go on amid Republican doubts

Mnuchin floated a new $1.8 trillion proposal in a 30-minute Friday afternoon phone conversation.
We are still awaiting language from the administration as negotiations on the overall funding amount continue,

Published 10 Oct, 2020 01:25am

Markets

Pelosi, Mnuchin continue stimulus negotiations

The law also created a system of loans and grants for small businesses battered by business shutdowns to stop the virus's spread, but that money ran dry in August.

Published 06 Oct, 2020 02:18am

World

Mnuchin, Pelosi to meet, raising hopes of end to US aid deadlock

Democrats earlier this week unveiled a $2.2 trillion aid proposal, more than $1 trillion less than they had initially wanted to spend.

Published 01 Oct, 2020 02:48am

World

Trump official says TikTok must become US firm

The Chinese government has accused Trump of "bullying behavior" and "abusing national power" to take over TikTok.

Published 01 Oct, 2020 02:41am

World

Pelosi, Mnuchin meet in bid to reach US COVID-19 relief deal

Hours before the meeting, Mnuchin said he thought that he and Pelosi could "reach a reasonable compromise" in the next day or two.
Pelosi said: "I'm hopeful. We'll just see what they come back with today and how our negotiations go next."

Published 30 Sep, 2020 11:28pm

World

US Treasury's Mnuchin 'hopeful' for coronavirus aid compromise with Democrats

Mnuchin told a CNBC investor conference that he is continuing recently revived talks with House Speaker Nancy Pelosi and said he thinks they can "reach a reasonable compromise."

Published 30 Sep, 2020 07:32pm

World

Despite aid impasse, Mnuchin sees strong US rebound in Q3

I believe we will see tremendous growth in the third quarter, Mnuchin said.

Published 23 Sep, 2020 02:38am

Business & Finance

US stocks flat ahead of Powell testimony

Among individual companies, Comcast jumped 2.6 percent on news that Nelson Peltz's activist Trian Fund management had taken a stake in the cable giant.

Published 22 Sep, 2020 07:22pm

World

G7 ministers to consider extending debt freeze for low-income countries: Treasury

The ministers repeated their call for all official bilateral creditors to fully implement the G20 debt freeze for the poorest countries.
The Group of 20 countries to extend their Debt Service Suspension Initiative (DSSI) given the economic impact of the pandemic.

Published 17 Aug, 2020 11:09pm

World

White House, Democratic leaders trade barbs over pandemic aid deal

Steven Mnuchin said reaching a deal is possible if Democrats in Congress are willing to give ground on some of their demands.

Published 11 Aug, 2020 01:49am

Business & Finance

Mnuchin sees possible virus aid deal, but no talks set with Congress

Eviction protections and enhanced unemployment assistance both expired at the end of July, slashing aid for more than 30 million people.
They have to meet us in the middle. They can't just come to the table and say it's our way or no way; we'll never get a deal.

Published 10 Aug, 2020 11:46pm

World

Trump administration wants ‘plenty of money’ for coronavirus testing

The White House is blocking funding for tests considered key to containing the reach of the deadly pandemic.
"We want to make sure there's plenty of money for testing. And that's a big priority."

Published 22 Jul, 2020 12:21am

World

Treasury's Mnuchin open to blanket forgiveness for smaller business relief loans

Mnuchin told lawmakers that they should consider such an approach to reduce complexity, coupled with some form of fraud protection. *"This time, we need to have a revenue test and make sure that money is going to businesses that have significant revenue declines," he said.

Published 17 Jul, 2020 08:54pm