Martin’s Recent Stories
Nation May 22Harriet Tubman $20 bill design delayed past 2020
Treasury Secretary Steven Mnuchin said the delay in unveiling a $20 redesign had been prompted by the decision to redesign the $10 bill and the $50 bill first for security reasons.
Politics May 22Mnuchin says he has no idea who wrote IRS memo on tax returns
Treasury Secretary Steven Mnuchin said he does not know who wrote a confidential Internal Revenue Service legal memo that says that tax returns must be given to Congress unless the president asserts executive privilege.
Economy May 21Fed Chair Powell sees ‘moderate’ risk from corporate debt
Fed Chair Jerome Powell said views about riskier corporate debt — known as leveraged lending — range from "this is a rerun of the subprime mortgage crisis" to "nothing to worry about here."…
Politics May 17Trump administration rejects subpoena for tax returns
Treasury Secretary Steven Mnuchin said in a letter that he will not comply with a subpoena from House Ways and Means Committee Chairman Richard Neal for six years of Trump's tax returns because the request "lacks a legitimate legislative purpose."…
Nation May 11States bring price fixing suit against generic drug makers
Attorneys general from more than 40 states are alleging the nation’s largest generic drug manufacturers conspired to artificially inflate and manipulate prices for more than 100 different generic drugs, including treatments for diabetes, cancer, arthritis and other medical conditions.
Economy May 09U.S. trade deficit edges up to $50 billion in March
The U.S. trade deficit increased slightly in March, even though the deficit with China fell to the lowest point in five years.
Economy May 09Fed Chair Powell says policies are needed to address slow income growth
In a speech at a Fed research conference, Powell said that incomes have grown more slowly for middle-class families since the 1970s than for higher-income households.
Economy Apr 29U.S. consumer spending spikes 0.9 percent in March
The March gain was the biggest monthly increase since August 2009, the Commerce Department reported.
Politics Apr 15After Trump tweet, Mnuchin says Fed independence is important globally
Treasury Secretary Steven Mnuchin was asked about President Donald Trump's tweet Sunday that if the Fed had done its job properly, the stock market would be 5,000 to 10,000 points higher and overall growth would have been "well over" 4…
Economy Apr 11IMF official warns global economy facing various threats
IMF Managing Director Christine Lagarde said that while her agency is forecasting a rebound in growth next year that forecast is "subject to downside risks."…