Steven Mnuchin said in a letter to House Ways and Means Chairman Richard Neal that he will give the panel a final decision by May 6. Neal says he will consult with the committee's lawyers on the next steps.
Mnuchin told House Ways and Means Committee Chairman Richard Neal, who made the request a week ago, that Treasury respects congressional oversight but needs more time to review the "unprecedented" request.
Secretary Mnuchin revealed that Treasury Department lawyers have talked to the White House counsel's office about the question of releasing President Donald Trump's returns, telling lawmakers that the consultations occurred before the request arrived last week.
Four states — Connecticut, Maryland, New Jersey and New York — already have sued the federal government over the deduction cap, asserting it's aimed at hurting a group of Democratic states and tramples on their constitutional budget-making authority.
The Federal Reserve is nearing the final drawdown of its quantitative easing program, which, in several ways, has helped reduce the budget deficit. But has that really been such a free lunch, asks economist Terry Burnham?…
The market value of mortgage giants Freddie Mac and Fannie Mae slumped again Friday, but rebounded after officials downplayed the likelihood of government action. A reporter and analysts discuss the developments.
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