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Keyword: mnuchin

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  • Treasury Secretary Mnuchin says stimulus checks could arrive next week

    12/21/2020 2:28:33 PM PST · by ChicagoConservative27 · 68 replies
    nypost ^ | 12/121/2020 | Mark Moore
    ​Millions of Americans who qualify for coronavirus relief funds could see payments as soon as next week, Treasury Secretary Steven Mnuchin said Monday. “The good news is this is a very, very fast way of getting money into the economy. Let me emphasize: People are going to see this money at the beginning of next week,” he said on CNBC. Mnuchin encouraged people who receive the payments — which could be as much as $600 — to spend the money and give the economy a much-needed boost.
  • Mnuchin plans to move $455B in coronavirus relief out of Biden's reach

    11/28/2020 8:33:24 AM PST · by ChicagoConservative27 · 22 replies
    Fox business ^ | 11/27/2020 | Megan Henney
    Treasury Secretary Steven Mnuchin is expected to move $455 billion in unspent coronavirus stimulus money into a fund that the incoming Biden administration cannot deploy without congressional approval, Bloomberg reported
  • Stocks edged higher ahead of stimulus update

    10/20/2020 2:08:47 PM PDT · by Eleutheria5 · 26 replies
    e-trade ^ | 20/10/20
    4:20 PM ET 10/20/20 | The S&P 500 gained 0.5% on Tuesday, although it was up as much as 1.5% ahead of a stimulus meeting between House Speaker Pelosi and Treasury Secretary Mnuchin. The Nasdaq Composite increased 0.3%, the Dow Jones Industrial Average increased 0.4%, and the Russell 2000 increased 0.3%. Yesterday reports suggested a stimulus deal wasn't looking imminent, but comments from the House Speaker after Monday's close provided the market hope that both sides would get something done soon. Senate Majority Leader McConnell said he would bring a presidentially supported bill to the floor if it passes...
  • Mnuchin, Pelosi fail to reach coronavirus deal as House Democrats pass their own bill

    10/01/2020 11:02:38 PM PDT · by knighthawk · 5 replies
    Fox Business ^ | October 01 2020 | Brittany De Lea
    The U.S. House of Representatives passed a revised coronavirus relief bill in a largely symbolic vote on Thursday, as discussions between House Speaker Nancy Pelosi, D-Calif., and U.S. Treasury Secretary Steven Mnuchin continue. The bill has little chance of becoming law since Republicans are unlikely to bite on the $2.2 trillion price tag even though it is nearly $1 trillion less than what Democrats originally proposed in May. Pelosi acknowledged on Thursday night that she had reached no agreement in her discussions with Mnuchin, but indicated that negotiations would continue.
  • Pelosi, Mnuchin Cut a Deal on Pandemic Relief Funding Bill

    09/04/2020 7:17:41 AM PDT · by SeekAndFind · 45 replies
    PJ Media ^ | 09/04/2020 | Rick Moran
    The government will technically run out of money on September 30 and for members of Congress, this presented a nightmare scenario. Republicans would dearly love to pass some kind of pandemic relief bill before they break until after the election. But with negotiations still stalled, the prospect of being tied up with a coronavirus relief bill and having to deal with a bill to fund the government past September 30 at the same time would have been problematic. To forestall that eventuality, Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi have agreed to treat the two issues separately. This...
  • Mnuchin Reveals What the Next Coronavirus Relief Package Will Look Like

    07/27/2020 7:36:41 AM PDT · by rktman · 29 replies ^ | 7/26/2020 | Beth Baumann
    Treasury Secretary Steven Mnuchin on Saturday said the next phase of the Wuhan coronavirus relief package is ready to be rolled out on Monday. Republicans are expected to announce a $1 trillion proposal which would include another round of stimulus checks. According to Mnuchin, Americans can anticipate a $1,200 stimulus check sometime in August. The same stipulations will take place as the first round of stimulus payments. Individuals making $75,000 or less will receive $1,200. Those making more than $75,000 will receive some type of stimulus but it won't be the full amount. Those making $100,000 or more per year...
  • The Mnuchin Follies: With his help, Pelosi keeps outmaneuvering Republican senators on coronavirus bills.

    07/26/2020 4:36:02 AM PDT · by karpov · 6 replies
    Wall Street Journal ^ | July 23, 2020 | Kimberley A. Strassel
    The concerted Republican effort to fritter away both policy and principle in these pandemic times continued apace this week—indeed, it leapt forward. Who needs Nancy Pelosi demanding more spending, more unemployment benefits and more union payoffs when Steven Mnuchin and Mitch McConnell will do it for her? Five months after the coronavirus’s arrival, Washington has settled into a predictable loop. Speaker Pelosi’s House unveils sweeping virus legislation with vast dollar figures and progressive policy demands. Republicans argue among themselves. Treasury Secretary Mnuchin crashes in to “negotiate” the GOP back to their own 5-yard line. Senate Majority Leader McConnell reminds his...
  • Treasury Secretary Mnuchin: $1,200 checks in August

    07/25/2020 6:23:44 PM PDT · by Libloather · 36 replies
    AP via WCVB ^ | 7/25/20 | Lisa Mascaro
    Treasury Secretary Steven Mnuchin said Saturday that Republicans were set to roll out the next COVID-19 aid package Monday and assured there was backing from the White House after he and President Donald Trump's top aide met to salvage the $1 trillion proposal that had floundered just days before. Mnuchin told reporters at the Capitol that extending an expiring unemployment benefit - but reducing it substantially - was a top priority for Trump. The secretary called the $600 weekly aid “ridiculous” and a disincentive for people to go back to work. He also promised a fresh round of $1,200 stimulus...
  • Mnuchin Says Congress Should Consider Forgiving All ‘Small’ PPP Loans

    07/20/2020 1:16:19 AM PDT · by Enlightened1 · 19 replies
    Yahoo ^ | 07/17/20 | Yuval Rosenberg
    Treasury Secretary Steven Mnuchin on Friday called on Congress to work with the Trump administration to pass additional coronavirus relief legislation by the end of the month and suggested that lawmakers should consider blanket forgiveness of all small Paycheck Protection Program loans to businesses.Additional aid should be targeted to those hardest hit: In his prepared testimony before the House Committee on Small Business, Mnuchin said he anticipates that the next round of relief will be “targeted to certain industries, smaller businesses, and lower- to middle-income families that have been especially hard-hit by the pandemic.” He added: “Our focus will be on jobs and...
  • U.S. cannot shut down economy again, Treasury's Mnuchin says

    06/11/2020 8:09:10 AM PDT · by BenLurkin · 13 replies
    Reuters ^ | David Lawder
    Mnuchin, speaking on CNBC television, said he was prepared to go back to Congress for more money to support the economy, but additional funds would be targeted to sectors with the most need, including hotels, restaurants, travel and entertainment firms. The Treasury chief, who has been the Trump administration’s point man for negotiating rescue programs, said that he was confident that COVID-19 infection spikes in certain areas could be dealt with due to improvements in testing, contact tracing and ample hospital capacity. “We can’t shut down the economy again. I think we’ve learned that if you shut down the economy,...
  • CRUZ MISSILE Ted Cruz calls for CRIMINAL investigation into Twitter for potentially ‘violating US sanctions against Iran’

    05/29/2020 9:13:11 AM PDT · by conservative98 · 40 replies
    The Sun ^ | 29 May 2020, 14:58Updated: 29 May 2020, 16:32 | Mollie Mansfield
    SENATOR Ted Cruz is calling for a criminal investigation into Twitter for potentially "violating US sanctions against Iran." Cruz asked for the investigation in a letter to the Justice and Treasury departments on Friday. In February, Cruz wrote a letter to Twitter CEO Jack Dorsey to ask him to stop providing social media services to Supreme Leader of Iran Ali Khamenei and Iranian Foreign Minister Javad Zarif. Now, the senator is calling on Attorney General William Barr and Secretary Steve Mnuchin to "take action." In Friday's letter, Cruz wrote: "I believe that the primary goal of (the International Emergency Economic...
  • Mnuchin says employees who reject offer to return to work are ineligible for unemployment benefits

    05/19/2020 11:51:45 AM PDT · by knighthawk · 21 replies
    Fox News ^ | May 196 2020 | Brooke Singman
    Treasury Secretary Steven Mnuchin warned on Tuesday that individuals who reject an offer from their company to return to work after being laid off due to coronavirus are no longer considered eligible to receive federal unemployment benefits. Mnuchin said that companies receiving benefits under the Payroll Protection Program who are inviting employees who had been laid off or furloughed due to the coronavirus crisis to return to work should plan to notify state unemployment offices of their offers. If the employee, in turn, turns down the job, they would then be considered ineligible to receive expanded unemployment benefits.
  • Mnuchin rejects calls to have less Paycheck Protection Program money go to employees, but Pelosi sounds open to changing 75% rule

    05/07/2020 1:39:13 AM PDT · by fluorescence · 7 replies
    Marketwatch ^ | May 6, 2020 | Victor Reklaitis
    Treasury Secretary Steven Mnuchin has pushed back on calls to change a key requirement for small businesses to obtain aid under the government’s Paycheck Protection Program, while House Speaker Nancy Pelosi sounds open to loosening it. Hotel and restaurant groups have criticized a rule that says 75% of the Paycheck Protection Program loan’s proceeds must go toward payroll expenses. Mnuchin on Monday rejected the requests for a change that have come from those groups and other organizations. “This is the way the program was designed by Congress, and we think it has the right intent to get the money to...
  • Mnuchin flexes muscles on airline coronavirus aid — a taste of what other companies may face

    04/13/2020 5:23:51 PM PDT · by SkyPilot · 73 replies
    CNBC ^ | 13 Apr 20 | Leslie Josephs and Lauren Hirsch
    The Treasury Department has requested that the largest U.S. airlines pay back 30% of the payroll grants, people familiar with the matter told CNBC. Treasury Secretary Steven Mnuchin’s decision to essentially convert some of the grants to loans comes as he wants to make clear that he is not offering ailing industries a bailout as they struggle with the coronavirus pandemic. It comes amid the backdrop of the presidential election and memories of bank bailouts during the financial crisis. The Treasury Department is sending a message to large companies weighing government aid to weather the coronavirus pandemic: No free...
  • Mnuchin says he thinks US businesses could reopen in May

    04/09/2020 7:10:33 AM PDT · by yesthatjallen · 69 replies
    The Hill ^ | 04 09 2020 | Morgan Chalfant
    Treasury Secretary Steven Mnuchin said Thursday that he thought the United States could reopen the economy during the month of May. “I do,” Mnuchin told CNBC host Jim Cramer in a phone interview on Thursday morning in response to a direct question about whether the country could be “open for business” in the month of May. “I think as soon as the president feels comfortable with the medical issues, we are making everything necessary that Americans companies and American workers can be open for business and that they have the liquidity to operate their business in the interim,” Mnuchin continued....
  • Mnuchin: Trump looking at how parts of US economy can be reopened

    04/07/2020 7:45:16 AM PDT · by Hojczyk · 51 replies
    Fox Business ^ | APRIL 7, 2020 | By Megan Henney
    Treasury Secretary Steven Mnuchin said Tuesday that President Trump is looking at how to reopen parts of the U.S. economy as the coronavirus pandemic forces an unprecedented shutdown of business throughout the country. "The president is very much looking at how we can reopen parts of the economy," Mnuchin told FOX Business' Maria Bartiromo. "There are parts of the country, like New York, where obviously this is very, very concerning. There are other parts of the country where it’s not." Restaurants, bars, hotels, gyms, beauty salons, entertainment venues and other businesses deemed nonessential have been ordered to close, while 41...
  • Mnuchin says Social Security recipients will automatically get coronavirus checks

    04/01/2020 6:07:44 PM PDT · by justme4now · 153 replies
    thehill ^ | 04/01/20 08:13 PM EDT | Naomi Jagoda
    The Treasury Department said late Wednesday that Social Security recipients who typically don't file tax returns will automatically receive their coronavirus relief checks and will not have to file tax returns to receive their payments
  • IMPORTANT DETAILS – Secretary Mnuchin Outlines Details of Recovery Bill Democrats are Blocking…

    03/23/2020 5:18:02 PM PDT · by bitt · 28 replies
    Treasury Secretary Steven Mnuchin discusses the steps the White House is taking to mitigate economic pain and suffering being felt by businesses and workers. The U.S. economy has essentially been shut down In an effort to deal with the spread of the Chinese coronavirus; there are worries that parts of the economy will never recover if a rescue package doesn’t quickly reach businesses and workers. [Important Conversation] Mnuchin helped design a relief bill to protect the economy and U.S. workers, and ensure the economy is able to restart quickly. Democrats are blocking proactive the emergency bill to take advantage of...
  • Mnuchin: Family of 4 Could Get $3,000 Amid CCP Virus Crisis: Lockdown Could Last 10 to 12 Weeks, He Says

    03/22/2020 1:42:10 PM PDT · by SeekAndFind · 51 replies
    Epoch Times ^ | 03/22/2020 | Jack Phillips
    Treasury Secretary Steven Mnuchin said that as businesses continue to close and people lose their jobs over the CCP virus lockdown, a family of four could receive $3,000 as well as unemployment insurance following the passage of a new stimulus package. The Epoch Times refers to the novel coronavirus, which causes the disease COVID-19, as the CCP virus because the Chinese Communist Party’s coverup and mismanagement allowed the virus to spread throughout China and create a global pandemic. Mnuchin is set to meet Sunday with House Speaker Rep. Nancy Pelosi (D-Calif.), House Minority Leader Rep. Kevin McCarthy (D-Calif.), Senate Majority...
  • White House working to send checks to Americans to fight coronavirus’ economic impact: Mnuchin

    03/17/2020 9:56:35 AM PDT · by ChicagoConservative27 · 107 replies
    nypost ^ | 03/17/2020 | Mark Moore and Steven Nelson
    Treasury Secretary Steven Mnuchin said Tuesday the Trump administration is working with Congress on a plan that would send checks to Americans in an effort to blunt the coronavirus pandemic’s effect on the economy. “We are looking at sending checks to Americans immediately,” Mnuchin told reporters. “Americans need cash now and the president wants to get cash now. And I mean now, in the next two weeks. “We want to make sure Americans get money in their pockets quickly,” Mnuchin said at a White House briefing on the virus. “We want to make sure small business owners have access to...