Tag Archives: Steve Mnuchin

Bloomberg News reports: Steven Mnuchin, the former US Treasury Secretary, said he’s still interested in buying TikTok’s US operation from its Chinese owner, and believes the social media app’s critical video recommendation technology could be replicated. “I’ve actually spoken to a lot of tech companies on working about rebuilding this,” Mnuchin said Tuesday in an interview with Bloomberg Television. “I …

CNBC reports: Former Treasury Secretary Steven Mnuchin is building an investor group to acquire ByteDance’s TikTok, as a bipartisan piece of legislation winding its way through Congress threatens its continued existence in the U.S. “I think the legislation should pass and I think it should be sold,” Mnuchin told CNBC’s “Squawk Box” on Thursday. “It’s a great business and I’m …

The Associated Press reports: Criminals and gangs grabbed the money. But so did a U.S. soldier in Georgia, the pastors of a defunct church in Texas, a former state lawmaker in Missouri and a roofing contractor in Montana. All of it led to the greatest grift in U.S. history, with thieves plundering billions of dollars in federal COVID-19 relief aid …

The Hill reports: Former Treasury Secretary Steven Mnuchin said he briefly talked about using the 25th Amendment to remove former President Trump from power during a discussion with former Secretary of State Mike Pompeo in the wake of the Jan. 6 riot. But Mnuchin, who served as Treasury secretary from the beginning of the Trump presidency to its end, said …

ABC News reports: The House select committee investigating the Jan. 6 attack on the U.S. Capitol is working to secure testimony from a growing number of officials in former President Donald Trump’s Cabinet, sources familiar with the matter tell ABC News. Trump’s former Treasury Secretary Steven Mnuchin, who reportedly discussed the possibility of invoking the 25th Amendment as a vehicle …

The New York Times reports: Democratic lawmakers on Wednesday released a report alleging that top Trump administration officials awarded a $700 million pandemic relief loan to a struggling trucking company in 2020 over the objections of career officials at the Defense Department. The report, released by the Democratic staff of the House Select Subcommittee on the Coronavirus Crisis, describes the …

The Hill reports: ABC News’s Jonathan Karl writes in “Betrayal” that then-Treasury Secretary Steve Mnuchin spoke with other Cabinet members including then-Secretary of State Mike Pompeo about attempting to remove Trump from office through the 25th Amendment, according to excerpts published by MSNBC. Karl, during an interview with MSNBC’s “Morning Joe” early Monday, said Pompeo “asked for a legal analysis …

Mediaite reports: Former Secretary of the Treasury Steve Mnuchin repeatedly refused to acknowledge that former President Donald Trump lost the 2020 general election during a CNBC interview with Eamon Javers Wednesday morning. Shifting the interview from cybersecurity and the state of the US economy, Javers brought up the “legacy of January 6,” and noted, “we have seen the former president …

CNBC reports: The Trump administration began sending stimulus payments of up to $600 to millions of Americans Tuesday evening as part of the recently passed Covid relief bill, the second such direct payment to Americans amid historic unemployment and ongoing business closures. The second round of payments will be distributed automatically in the following breakdown: up to $600 for eligible …

Axios reports: Getting a cranky, stubborn President Trump to belatedly sign the COVID relief bill, after unemployment benefits had already lapsed, was like being a hostage negotiator, or defusing a bomb. The deal was closed on a Sunday afternoon phone call with Trump, Treasury Secretary Steven Mnuchin and House Republican Leader Kevin McCarthy. “This is good,” Trump finally said, an …

More Trumpian vetting by the Treasury Department: A Brooklyn man faces up to 20 years in prison after being accused of fraudulently securing $1.9 million in forgivable loans through the Paycheck Protection Program, using a portion of the funds to buy the most recent Bentley and Escalade vehicle, according to federal authorities. Leon Miles is accused of applying to the …

Politico reports: Treasury Secretary Steven Mnuchin said a new round of economic stimulus checks will start being sent out next week — much faster than its previous batch of checks. “People are going to see this money the beginning of next week,” he said in an interview Monday with CNBC. “Much needed relief — and just in time for the …

Bloomberg News reports: Treasury Secretary Steven Mnuchin will put $455 billion in unspent Cares Act funding into an account that his presumed successor, former Federal Reserve Chair Janet Yellen, will need authorization from Congress to use. Mnuchin plans to place the money into the agency’s General Fund, a Treasury Department spokesperson said Tuesday. That fund can only be tapped with …

The Washington Post reports: Senate Republicans are growing increasingly frustrated with Treasury Secretary Steven Mnuchin as he makes what they see as unacceptable compromises in his quest for a stimulus deal with House Speaker Nancy Pelosi, multiple people familiar with the talks said Thursday. Mnuchin has committed to a top-line figure of around $1.9 trillion, much too high for many …

The New York Times reports: Treasury Secretary Steven Mnuchin said on Wednesday that he did not expect an economic relief package to be enacted before the Nov. 3 election as he and Speaker Nancy Pelosi of California have continued to struggle to reach an agreement on a broad package to support the economy. Negotiators on Wednesday resumed discussions over a …

Mediaite reports: Fox News national security correspondent Jennifer Griffin doubled down on her previous reporting which claimed President Donald Trump disrespected veterans and war dead, adding that Secretary of Treasury Steve Mnuchin was in the room with the president when he disparaged four-star generals. Griffin reported Mnuchin was at the Tank meeting in the Pentagon on July 20, 2017, when …

Politico reports: A raft of big-name business groups is warning many employers won’t participate in President Donald Trump’s payroll tax deferral plan. Calling it “unworkable,” they said in a letter Tuesday to Treasury Secretary Steven Mnuchin that it risks saddling their workers with large postponed tax bills they could have trouble paying back. Someone earning $35,000 would see their biweekly …

From the US Chamber of Commerce’s letter to Mnuchin: The U.S. Chamber of Commerce appreciates the Treasury Department’s work in response to the COVID-19 pandemic, particularly the quick promulgation of guidance to ensure relief is quickly distributed to American businesses, families, and workers. While the recently issued Executive Order (EO) on payroll tax deferral is well-intended to provide relief, it …

The New York Daily News reports: Treasury Secretary Steven Mnuchin on Sunday defended the legality of President Trump’s executive orders to provide financial help during the coronavirus — and said Americans would hold Democrats responsible for delaying the assistance if they challenge the actions in court. “We’ve cleared with the office of legal counsel all these actions,” Mnuchin said on …

The Associated Press reports: A last-ditch effort by Democrats to revive Capitol Hill talks on vital COVID-19 rescue money collapsed in disappointment Friday, making it increasingly likely that Washington gridlock will mean more hardship for millions of people who are losing enhanced jobless benefits. “It was a disappointing meeting,” declared top Senate Democrat Chuck Schumer, saying the White House had …