Treasury secretary warns of considerable risk not reopening US economy

Business 05/10/20, 20:19

Treasury Secretary Steven Mnuchin said on Sunday, May 10,  that not lifting lockdown measures in the United States could lead to "permanent economic damage," saying that he was not overly concerned about economic repercussions because the reopening is being handled responsibly. Appearing on "Fox News Sunday," Mnuchin insisted that keeping things ...

Trump administration: China no longer designated as currency manipulator

U.S. 01/14/20, 04:47

President Donald Trump’s administration has removed the label of currency manipulator for China as the two economic powers are due to sign the Phase One trade deal after 18 months of fierce negotiations. The Treasury Department released its decision in the semiannual Report on Macroeconomic and Foreign Exchange Policies of Major ...

Treasury Secretary Mnuchin addresses China tariffs, Iran sanctions

Politics 09/12/19, 17:29

Treasury Secretary Steven Mnuchin on Thursday said President Donald Trump does not have plans to meet with Iranian President Hassan Rouhani at the United Nations General Assembly in New York later this month. Mnuchin told reporters that President Trump's decision on Wednesday to delay a scheduled Oct. 1 tariff hike on ...

President Trump has productive talks with German chancellor at G-7 summit

Europe 08/26/19, 15:31

President Donald Trump met German Chancellor Angela Merkel on the sidelines for bilateral talks during the G-7 summit in Biarritz, France, on Monday, Aug. 26. Both leaders concurred the talks had been “productive.” Very productive meeting with Angela Merkel, the Chancellor of the Federal Republic of Germany, at the #G7Summit in Biarritz, ...

White House says Shanghai talks are ‘constructive’

U.S. 07/31/19, 17:18

U.S. and Chinese officials on Wednesday, July 31, began a 12th round of trade talks at the Xijiao State Guesthouse in Shanghai, China. U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer met with Chinese Vice Premier Liu He and his negotiating team that included Minister of Commerce Zhong ...

Mnuchin, Lighthizer arrive in Shanghai for trade talks

U.S. 07/30/19, 15:44

U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer arrived in Shanghai, China, for the next round of trade talks. Vehicles believed to be from the U.S. Consulate in Shanghai transporting Mnuchin and Lighthizer pulled up at the entrance of a luxury hotel in downtown Shanghai on Tuesday afternoon ...

US Treasury Secretary, Trade Rep heading to Shanghai for trade talks

U.S. 07/24/19, 18:31

U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer are heading for China early next week for talks intended to resolve the trade impasse between Washington and Beijing. Mnuchin told White House reporters that they will leave on Monday, July 29, for face-to-face trade negotiations since talks broke down in ...

Schiff blasts DOJ over backing refusal to turn over Trump’s taxes

Politics 06/15/19, 14:28

Rep. Adam Schiff (D-Calif.) blasted the Department of Justice on Friday, June 14, over a legal opinion that it published in support of the Treasury Department's rejection of a House summons for the tax returns of President Trump. “What is the president hiding in his tax returns? And since when does ...

Pelosi: No debt increase until spending limits are raised

Politics 06/13/19, 14:23

Speaker Nancy Pelosi said Thursday that the Democratic-controlled House won't pass must-do legislation to increase the government's borrowing cap until the Trump administration agrees to boost spending limits on domestic programs. The California Democrat said she'll agree to increase the so-called debt ceiling. But she says she'll do so only after ...

Trump administration puts new restrictions on Cuba travel

Politics 06/04/19, 08:53

The Trump administration on Tuesday imposed major new travel restrictions on visits to Cuba by U.S. citizens, including a ban on many forms of educational and recreational travel. The Treasury Department said in a statement that the United States will no longer allow the group educational and cultural trips known as ...

Mnuchin says Tubman $20 bill design delayed past 2020

Business 05/22/19, 21:16

Treasury Secretary Steven Mnuchin said Wednesday the redesign of the $20 bill to feature 19th century abolitionist leader Harriet Tubman has been delayed. The decision to replace Andrew Jackson, the nation's seventh president, with Tubman on the $20 bill had been made by Mnuchin's predecessor, former Treasury Secretary Jacob Lew, who ...

Trump administration rejects subpoena for tax returns

Politics 05/17/19, 18:39

The Trump administration on Friday missed another deadline to produce President Donald Trump's tax returns. A top House Democrat said he expects to take the administration to court as early as next week over the matter. Treasury Secretary Steven Mnuchin said in a letter that he will not comply with a ...

Mnuchin sees progress on steel tariffs with Mexico, Canada

Business 05/15/19, 12:49

Treasury Secretary Steven Mnuchin says the U.S. is making progress in talks with Canada and Mexico over steel tariffs, potentially overcoming a key hurdle toward approval of a trade agreement between the three countries. Appearing before a Senate Appropriations subcommittee Wednesday, Mnuchin also said he expects to soon travel to Beijing ...

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