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Keyword: stevemnuchin

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  • The Treasury Department Is Wrong. China Didn’t Just Devalue Its Currency.

    08/14/2019 2:21:10 PM PDT · by Tolerance Sucks Rocks · 27 replies
    The Daily Signal ^ | August 13, 2019 | Riley Walters
    The U.S. Treasury Department has incorrectly labeled China a manipulator of its currency. An important distinction exists between devaluing a currency and currency depreciation. Devaluing implies the People’s Bank of China actively manipulated the value of the Chinese renminbi to gain unfair advantage for its exports. Depreciation simply means the renminbi has lost purchasing power relative to the U.S. dollar, based on market forces. There’s no indication that China is actively devaluing its currency. However, according to the Treasury Department, China met a broad definition of manipulation laid out in the Omnibus Trade and Competitiveness Act of 1988, which says...
  • Here’s a Promising Plan to Finally Get a Grip on Federal Spending

    07/27/2019 11:06:12 AM PDT · by Tolerance Sucks Rocks · 43 replies
    The Daily Signal ^ | July 25, 2019 | Romina Boccia
    The massive spending deal, negotiated by Treasury Secretary Steve Mnuchin and House Speaker Nancy Pelosi and agreed to by the president, looks poised to kill off the Budget Control Act of 2011—the law that was meant to restrain federal spending. With that law on the way out, the question arises: Where can fiscal conservatives turn to exert real and lasting fiscal discipline? Thankfully, two members of Congress have introduced a bill to do just that. The Maximizing America’s Prosperity Act—or MAP Act—is a bill proposed by Rep. Kevin Brady, R-Texas, and Sen. Mike Braun, R-Ind., that would limit federal spending...
  • MSNBC's Jason Johnson: Trump Team 'Basically' Says 'I Hate Black People'

    07/21/2019 1:26:30 PM PDT · by GuavaCheesePuff · 71 replies
    Newsbusters ^ | May 27, 2019 | Newsbusters
    Appearing as a panel member on Sunday's AM Joy, liberal MSNBC contributor Jason Johnson spewed vitriol at several Donald Trump administration members as he called for the President's impeachment, declared that Treasury Secretary Steve Mnuchin had essentially been pushed to say "I hate black people," and that HUD Secetary Ben Carson was exposed to be a "sexist fool." Near the end of the show, during the regular "Who Won the Week?" segment, Johnson proclaimed:
  • It Happened Again: Trump Administration Slaps Away Another Subpoena Issued By House Democrats

    05/17/2019 6:05:16 PM PDT · by jazusamo · 14 replies
    Townhall.com ^ | May 17, 2019 | Matt Vespa
    The Trump administration isn’t backing down from their war with House Democrats. We all saw this coming miles away. The Trump administration partially based on the fact that this was a crew that was going to fight for the forgotten American and they have. The House Democratic majority was elected in 2018 to fight the Trump agenda. There is no room for cooperation. There is no room for compromise. In other words, it’s what I love about our political system: conflict. Gridlock is a good thing. Division and partisanship is a good thing, and the more of it, the more...
  • House committee sends new letter to IRS demanding Trump's tax returns

    04/13/2019 7:41:59 AM PDT · by Innovative · 104 replies
    CNN ^ | Apr. 13, 2019 | Lauren Fox
    House Ways and Means Chairman Richard Neal is not backing down on his request for six years of the President Donald Trump's personal and business tax returns, he writes In a new letter sent Saturday to IRS Commissioner Charles Rettig. In a two-page letter, Neal writes that he believes his committee is well within its rights to see the President's tax returns and that he expects a decision from the IRS within the next 10 days. "I expect a reply from the IRS by 5:00 p.m. on April 23, 2019. Please know that if you fail to comply, your failure...
  • House Democrats give IRS hard deadline of April 23 to turn over Trump tax returns, say...

    04/13/2019 8:41:49 AM PDT · by E. Pluribus Unum · 48 replies
    The Washington Compost ^ | 13 April 2019 at 9:34 AM | Jeff Stein
    FULL TITLE: House Democrats give IRS hard deadline of April 23 to turn over Trump tax returns, say administration’s concerns ‘lack merit’ House Democrats are giving the Trump administration a hard-deadline of April 23 to turn over President Trump’s tax returns, pushing back against Treasury Secretary Steve Mnuchin’s skepticism over their request for the presidents’ private records. House Ways and Means Committee Chair Richard E. Neal (D-Mass.) on Saturday sent a two-page letter to IRS Commissioner Charles Rettig rebuffing Mnuchin’s statement earlier this week that Treasury would miss House Democrats’ initial April 10 deadline for the returns. Mnuchin’s concerns “lack...
  • The Latest: More candidates emerge for Trump chief of staff

    12/09/2018 6:59:35 PM PST · by conservative98 · 35 replies
    CBS Cleaveland 19 ^ | | December 9, 2018 | ZEKE MILLER
    people being considered are the White House budget chief, Mick Mulvaney, and a Republican congressman from North Carolina, Mark Meadows. Other names in the mix include Treasury Secretary Steve Mnuchin, U.S. Trade Representative Robert Lighthizer, Acting Attorney General Matthew Whitaker and Trump's former deputy campaign manager, David Bossie.
  • Treasury Secretary Mnuchin says he's expecting a 'big' GDP number

    06/28/2018 11:54:43 AM PDT · by SeekAndFind · 36 replies
    CNBC ^ | 06/28/2018 | Tae Kim
    Treasury Secretary Steven Mnuchin is optimistic on U.S. economic growth. "We’re excited. This is the six month anniversary of tax cuts. We’re expecting a big second quarter GDP number," he said on CNBC's "Squawk Box" on Wednesday. “Let me just say I have no advance notice of what it looks like.” President Donald Trump signed the Republican tax overhaul in December, which lowered the corporate tax rate to 21 percent from 35 percent. Mnuchin cited the Federal Reserve Bank of Atlanta's projected GDP growth of 4.7 percent for the second quarter. "I have no idea whether it will be that...
  • Harriet Tubman may not be on $20 bill after all

    08/31/2017 12:12:04 PM PDT · by Trump20162020 · 74 replies
    ABC News ^ | August 31, 2017 | The Associated Press
    WASHINGTON -- Treasury Secretary Steven Mnuchin is raising speculation that Harriet Tubman's future on the $20 bill could be in jeopardy. Mnuchin is avoiding a direct answer when asked whether he supports the decision made by the Obama administration to replace Andrew Jackson on the $20 bill with Harriet Tubman, the 19th century African-American abolitionist famous for the Underground Railroad. During last year's campaign, Donald Trump praised Jackson, the nation's seventh president, for his "history of tremendous success" and said the decision to replace him with Tubman was "pure political correctness."
  • Should Steve Mnuchin Be Confirmed as Treasury Secretary Despite Producing "Midnight Special?"

    12/18/2016 8:34:02 PM PST · by PJ-Comix · 35 replies
    Self | December 18, 2016 | PJ-Comix
    Okay, I like all of Donald Trump's choices for his cabinet so far, including Secretary of Treasury. However, it appears that Steve Mnuchin has a big black mark against him. It turns out that he was the executive producer of "Midnight Special" which I wasted my time watching tonight. Did anybody else watch it on HBO? An all too predictable sci-fi. Kid has unusual powers. Government and cult are after him to keep him from showing up at a certain location. Kid makes it to the location and ET's himself into another dimension. End of story. Oh, and...YAWN. Should Steve...
  • ELIZABETH WARREN: Trump's Treasury secretary pick was the 'Forrest Gump of the financial crisis'

    11/30/2016 10:22:52 AM PST · by SeekAndFind · 90 replies
    Business Insider ^ | 11/30/2016 | Bob Bryan
    It appears Elizabeth Warren does not think too highly of President-elect Donald Trump's nomination of Steven Mnuchin for Treasury secretary. In a statement, the Massachusetts senator said Mnuchin was involved in the worst kind of lending practices that led to the financial crisis during his time as head of mortgage lending at Goldman Sachs. "Steve Mnuchin is the Forrest Gump of the financial crisis — he managed to participate in all the worst practices on Wall Street," Warren said in a statement, according to Politico's Ben White. "He spent two decades at Goldman Sachs helping the bank peddle the same...
  • Wall Street Reacts To Steve Mnuchin Choice For Treasury Secretary

    11/30/2016 10:02:04 AM PST · by SeekAndFind · 6 replies
    Zero Hedge ^ | 11/30/2016
    Following the news that Steve Mnuchin would be US Trasury Secretary, Wall Street analysts offered mixed predictions on which policies Donald Trump’s choice for Treasury secretary may pursue, as they have little to go on other than Mnuchin’s background with Goldman, buying/selling the former Indy Mac. The prevailing consensus is that Mnuchin’s Wall Street past will lead to easing regulations, tax policies; but at the same time, Mnuchin may not help larger banks as he may focus on regionals and/or seek to distance himself from his GS/IndyMac past. For now optimism dominates, as banks gain, with the KBW banks...
  • Steve Mnuchin Picked By Trump To Head Treasury Department

    11/29/2016 5:29:55 PM PST · by Helicondelta · 39 replies
    washingtontimes.com ^ | 29 Nov 2016
    Donald Trump will nominate Steve Mnuchin, who has ties to both Wall Street and Hollywood, to be treasury secretary, according to a report Tuesday. The 53-year-old, who also served as finance director for the presidential campaign, was at Trump Tower on Tuesday to meet with the transition team.
  • Trump Picks Former Goldman Partner And Soros Employee As Finance Chairman

    05/06/2016 4:49:36 AM PDT · by Milhous · 85 replies
    Zerohedge ^ | 05/05/2016
    In an oddly ironic twist, today Donald Trump announced that he has picked as chairman of his newly launched fundraising operation none other than a former employee of the bank he has repeatedly criticized in the past, and which he used as a foil to criticize Ted Cruz: Goldman Sachs. Trump announced that heading up his own personal fundraising operation as national finance chairman will be Steven Mnuchin, a long-time business associate, chairman and CEO of the hedge fund Dune Capital. More importantly, however, he spent 17 years at Goldman Sachs where he was most recently a Partner, having built...
  • Here Is Who Donald Trump Wants for Treasury Secretary

    07/20/2016 11:36:36 AM PDT · by Maceman · 20 replies
    Fortune ^ | JULY 19, 2016 | Dan Primack
    Believe it or not, the job may go to a former Clinton donor if Trump is elected. Donald Trump has told prospective donors that, if elected president, he plans to nominate former Goldman Sachs banker Steve Mnuchin for U.S. Treasury Secretary. That’s according to Anthony Scaramucci, a high-profile hedge fund manager and Trump fundraiser. Mnuchin, who is a former donor to Hillary Clinton, spent 17 years with Goldman Sachs, where his father also had been a prominent executive. He later worked with investment groups affiliated with George Soros, including as chairman of controversial mortgage lender OneWest Bank Group (which would...
  • John Paulson and George Soros Score Big Selling OneWest Bank For $3.4 Billion

    07/22/2014 10:34:23 AM PDT · by mgist · 12 replies
    Forbes ^ | 7/22/14
    John Paulson and George Soros Score Big Selling OneWest Bank For $3.4 Billion Comment Now Follow Comments A gang made up of some of Wall Street’s biggest names and formed by former Goldman Sachs partner Steve Mnuchin is set to realize a big score from the sale of OneWest Bank to CIT Group CIT +11.19% for $3.4 billion. Hedge fund billionaires John Paulson and George Soros were part of the group that together with buyout baron Christopher Flowers and billionaire Michael Dell bought the assets in 2009 of the former IndyMac, one of the nation’s largest bank failures ever, from...