White House seeks $850 billion economic stimulus amid virus crisis
The White House is proposing a roughly $850 billion economic rescue package Tuesday amid the coronavirus outbreak, a sweeping stimulus for businesses and taxpayers amid unseen since the Great Recession of 2008.
Greta Thunberg brushes off U.S. finance chief’s criticism
Steven Mnuchin had a day earlier dismissed Thunberg’s suggestion that governments and companies cut back dramatically on fossil fuels with a condescending barb.
Treasury Secretary vows more economic sanctions on Iran
Secretary Mnuchin met Monday in Jerusalem with Israeli Prime Minister Benjamin Netanyahu, who called on Washington to impose additional sanctions to halt what he called Iran's "plunge for everything" in the region.
U.S.-China truce leaves big issues unresolved
Closer inspection suggests there isn't much substance, at least not yet, to the temporary truce President Donald Trump announced Friday at the White House after the U.S. and China wrapped up their 13th round of trade talks.
The tentative deal would restore the government's ability to borrow into the next administration and build upon recent large budget gains for both the Pentagon and domestic agencies.
Steven Mnuchin said negotiations with Democratic House Speaker Nancy Pelosi of California have settled on spending levels and a debt limit increase that would cover two years.
The emerging two-year framework would satisfy demands for an outline to guide congressional work on more than $1.3 trillion in agency operating budgets. It would still need to be fleshed out in further negotiations, and puts off battles over political…
Members of both parties demanded to know why a company with massive market power and a track record of scandals should be trusted with such a far-reaching project, given the potential for fraud, abuse and criminal activity.
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.
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