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Keyword: stevenmnuchin

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  • If The White House Isn't Careful, These Two Big Things Will Kill The Improving Economy

    02/05/2018 9:44:53 AM PST · by SeekAndFind · 22 replies
    Forbes ^ | 02/05/2018 | Steve Forbes
    TWO BIG THINGS threaten the improving U.S. economy: a weak dollar and trade protectionism. Both routinely seduce policymakers, and both always result in bitter aftermaths with terrible political consequences. Yet some in the Trump administration are playing with both--and with fire. 1) The dollar. Great nations do not have weak currencies. Nonetheless, with a surety born of ignorance, Treasury secretary Steven Mnuchin has bluntly stated his desire for a weak dollar. Thankfully, President Trump immediately contradicted him. But the fact that Mnuchin and his department want to undermine the value of our currency is troubling. Mnuchin has bought into the...
  • Trump's push for smaller government is having global benefit

    02/01/2018 1:26:21 PM PST · by richardb72 · 41 replies
    The Hill ^ | February 2, 2018 | John R Lott Jr
    “What is good for the United States is good for the rest of the world,” has been Treasury Secretary Steven Mnuchin’s mantra. Americans know how stock prices have exploded in the United States since President Trump’s election, but stock prices started rising at the same time around the world. To the shocks of Trump’s American opponents, he was greeted by the international elites at the gathering in Davos, Switzerland as almost a conquering hero. Meanwhile, George Soros told people at the meetings that he thought that Trump was a “danger” to the world. So many people view economics as a...
  • Mnuchin: 'I didn't realize' Davos forum was for 'global elites'

    01/13/2018 6:29:48 PM PST · by Berlin_Freeper · 23 replies ^ | January 13, 2018 | Max Greenwood
    Treasury Secretary Steven Mnuchin said Friday that he was not aware that the World Economic Forum was considered a gathering of the "global elite." "I didn't realize it was the global elite," Mnuchin said at an event in Washington. "Actually, I've looked at the list. There's an awful lot of world leaders, there's an awful lot of finance chairs, there’s an awful lot of business people." "This is an important economic agenda," he added, arguing that the gathering in Davos, Switzerland is just like any other conferences, like the annual Group of 20 summit.
  • Friendly Reminder: Democratic Senator Misled Her State On Tax Reform—

    12/21/2017 3:53:12 PM PST · by Kaslin · 29 replies ^ | December 21, 2017 | Matt Vespa
    Tax reform is done. It’s about to be law. It’s the largest revamp in three decades, but not a single Democrat voted for it. Not even Democrats from states that Trump won by wide margins. It’s a big gamble for both sides. If it doesn’t produce the economic results the GOP has been pushing, they’re sunk. If it does maintain economic growth, and any patriotic American should hope so (we’re booming at four percent right now), then Democrats have to explain why they voted against the middle class, working families, more money in Americans’ pockets, and just overall relief. Why...
  • Bernie Sanders concedes defeat on tax reform: 'We did everything that we could'

    12/17/2017 8:49:08 AM PST · by Oshkalaboomboom · 41 replies
    Washington Examiner ^ | Dec 17, 2017 | Kyle Feldscher
    Vermont Sen. Bernie Sanders said opponents of the Republican tax reform plan did all they could to stop it and essentially conceded defeat before a vote scheduled for Tuesday. Sanders said on CBS’ “Face The Nation” there were too many forces opposing Democrats that they could not overcome. “We did everything that we could. But at the end of the day what you had is people like [Treasury Secretary Steven] Mnuchin, who is worth $300 to 400 million; the president of the United States, who is worth several billion dollars, as you mentioned; from four or five thousand lobbyists doing...
  • Top EU economic powers warn US about tax plans

    12/11/2017 9:31:33 PM PST · by Olog-hai · 24 replies
    Associated Press ^ | Dec 11, 2017 12:02 PM EST | Raf Casert
    The European Union’s top five economies are warning the United States that its massive tax overhaul could violate some of its international obligations and risks having “a major distortive impact” on trade. In a letter to U.S. Secretary of the Treasury Steven Mnuchin, the finance ministers of Germany, France, Britain, Italy and Spain wrote they had “significant concerns” about three tax initiatives in particular. In the letter, seen by The Associated Press, the five wrote that “it is important that the U.S. government’s rights over domestic tax policy be exercised in a way that adheres with international obligations to which...
  • I'd Vote for It - You Should, Too

    12/04/2017 10:23:26 PM PST · by Oshkalaboomboom · 22 replies ^ | Dec 05, 2017 | Larry Kudlow
    Warts and all, if I were a voting member of Congress, I would certainly cast a yea for the tax-cut plans passed by the Senate and House that are headed for conference (to work out minor differences) in the weeks ahead. These bills are not perfect, especially on the individual side. But the business tax cuts will generate an investment boom in the years ahead. And those cuts will bring economic growth back to its historical norm of three to four percent. Incredibly, the Joint Committee on Taxation, or JTC, scored growth for the Senate plan at less than one...
  • 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."
  • Treasury Secretary Mnuchin: We're committed to 'very significant' tax reform by August recess

    02/25/2017 6:16:36 PM PST · by 1rudeboy · 15 replies
    CNBC ^ | February 23, 2017 | Jacob Pramuk
    Treasury Secretary Steven Mnuchin said Thursday that he wants to see "very significant" tax reform passed before Congress' August recess, in what could prove a tough task as lawmakers work through a complex agenda. "We want to get this done by the August recess. We've been working closely with the leadership in the House and the Senate and we're looking at a combined plan," he told CNBC in his first television interview since assuming office. President Donald Trump has repeatedly made pledges for tax reform and regulatory cuts since he took office, creating optimism among business executives and investors. So...
  • After Decrying Fake News, Journalists Are Still Binging On Fake News

    01/23/2017 1:50:08 PM PST · by markomalley · 4 replies
    The Federalist ^ | 1/23/17 | Sean Davis
    If you thought the results of the 2016 election would cause members of the news media to do a bit of soul-searching about the tenor of their coverage, you were wrong. If you thought they might want to understand why their hysterical attempts to take down Donald Trump were all for naught, you were mistaken. And if you thought they were interested in understanding why media trust numbers just hit record lows, you were delusional.After spending weeks post-election complaining about the rise of so-called fake news and attributing Hillary Clinton’s loss to its proliferation, a large number of members of...
  • A Trump presidency could mean we never get those epic $20 bills featuring Harriet Tubman

    12/11/2016 4:29:41 PM PST · by Trump20162020 · 98 replies
    Fusion ^ | 12/07/2016 | Charles Pulliam-Moore
    Harriet Tubman, the sword-wielding, gun-toting spy and freedom fighter who led dozens of slaves to freedom in the north after escaping from slavery herself is set to become the first black woman to be featured on American currency—specifically, the $20 bill. According to a new report from TIME, however, the impending inauguration of President-elect Donald Trump and the administrative changes that will come along with it have some within the Department of the Treasury concerned about the future of the new legal tender.
  • Trump Treasury Choice Steven Mnuchin Vows to ‘Strip Back’ Dodd-Frank

    12/01/2016 8:32:14 AM PST · by GonzoII · 10 replies
    WSJ ^ | Nov. 30, 2016 | Jacob M. Schlesinger
    WASHINGTON—Donald Trump’s choice for Treasury secretary said Wednesday that he would focus on rolling back parts of the landmark 2010 Dodd-Frank financial overhaul law enacted in the wake of the financial crisis. “The number one problem with Dodd-Frank is that it’s way too complicated and cuts back lending,” banker Steven Mnuchin told CNBC in his first public comments since being tapped by the president-elect to head his economic team. “So we want to strip back parts of Dodd-Frank and that will be the number one priority on the regulatory side,” Mr. Mnuchin said, according to a rush transcript of the...
  • Trump's Treasury Pick Says U.S. Should Get Out of Freddie Mac and Fannie Mae

    12/01/2016 6:33:52 AM PST · by GonzoII · 30 replies
    Reuters/Fortune ^ | December 1, 2016, 6:00 AM EST
    His comments sent shares of Fannie and Freddie to their highest levels since September 2014. U.S. President-elect Trump’s nominee for Treasury Secretary, Steven Mnuchin, on Wednesday waded into the long-running battle over the future control of Fannie Mae and Freddie Mac, the largest players in the U.S. home mortgage market, saying that the lenders should be returned to private control.
  • Steven Mnuchin Is Donald Trump’s Expected Choice for Treasury Secretary

    11/29/2016 2:41:20 PM PST · by SeekAndFind · 71 replies
    New York Times ^ | 11/29/2016 | By BINYAMIN APPELBAUM and MAGGIE HABERMANNOV
    Steven Terner Mnuchin, a financier with deep roots on Wall Street and in Hollywood but no government experience, is expected to be named Donald J. Trump’s Treasury secretary as soon as Wednesday, sources close to the transition say. Mr. Mnuchin, 53, was the national finance chairman for Mr. Trump’s campaign. He began his career at Goldman Sachs, where he became a partner, before creating his own hedge fund, moving to the West Coast and entering the first rank of movie financiers by bankrolling hits like the “X-Men” franchise and “Avatar.” As Treasury secretary, Mr. Mnuchin would play an important role...
  • 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...
  • Soros, Dell dragged into Magic Johnson credit card mess

    01/18/2014 9:29:46 AM PST · by SunkenCiv · 22 replies
    Page Six ^ | January 18, 2014 | Ian Mohr
    <p>Billionaires George Soros and Michael Dell have been dragged into a nasty lawsuit against former NBA great Magic Johnson over his prepaid credit card, the Magic Card.</p> <p>The moguls are principals of OneWest Bank, which entrepreneur Reed Wallace is accusing, along with the former NBA great Johnson, of stealing his concept for a Magic-backed credit card.</p>
  • 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...