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Key Points Treasury Secretary Steven Mnuchin said Tuesday that the Trump administration wants to get emergency funds in Americans’ pockets “immediately” amid the coronavirus crisis. The latest daily briefing came as stocks struggled to recover from one of the worst trading sessions ever. Markets have shed trillions of dollars amid the coronavirus spread, which has crippled major industries and forced governments around the world to take drastic steps to try to slow the spread of the disease. ==================================================================== Treasury Secretary Steven Mnuchin said Tuesday that the Trump administration wants to get emergency funds in Americans’ pockets “immediately” amid the coronavirus...

Appearing Friday on CNBC, Treasury Secretary Steven Mnuchin said the Trump administration could provide temporary student loan suspensions to help Americans amid the coronavirus outbreak.

Anti-slavery activist Harriet Tubman won’t appear on US currency for nearly a decade, Treasury Secretary Steven Mnuchin said Wednesday. An image of Tubman, a former slave who helped others escape to freedom through the Underground Railroad, was supposed to replace President Andrew Jackson on the $20 bill next year. “The primary reason we’ve looked at redesigning the $20 bill is for counterfeiting issues,” Mnuchin said in front of Congress on Wednesday. “Based upon this, the new $20 bill will now not come out until 2028,” he added. President Trump criticized the plan to replace Jackson on the note during the...

Sen. Marco Rubio said Sunday that Treasury Secretary Steven Mnuchin should not attend an upcoming investment conference in Saudi Arabia amid an ongoing investigation into the country's possible involvement in the disappearance of Saudi journalist Jamal Khashoggi, who went missing earlier this month in Turkey. "I don't think he should go," Rubio told CNN's Jake Tapper on "State of the Union," adding that he doesn't think any US officials should continue with their usual business in Saudi Arabia until Washington gets to the bottom of Khashoggi's disappearance. "I don't think any of our government officials should be going and pretending...

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...

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...

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...

Mnuchin will be Treasury Secretary Ross will lead the Commerce Department. President-elect Donald Trump has filled more top posts on his economic team — picking former Goldman Sachs executive Steven Mnuchin as treasury secretary and financier Wilbur Ross to lead the Commerce Department. Mnuchin is confirming that he and Ross are joining Trump’s Cabinet, pending confirmation by the Senate. He tells CNBC’s “Squawk Box” in an interview Wednesday that “we’re thrilled to work for the president-elect and honored to have these positions.” Mnuchin says “sustained economic growth” is the chief priority of the incoming administration and he says “we can...

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...