• President Trump preparing to announce second task force focused on economic recovery

    President Donald Trump is preparing to announce a second coronavirus task force solely focused on reopening the nation’s economy, multiple sources told CNN. Senior aides such as Treasury Secretary Steven Mnuchin and National Economic Council Director Larry Kudlow have been solely focused on the issue of restarting a wounded American economy for weeks, along with a coterie of aides. […]

  • US tax filing deadline moved to July 15, Mnuchin says

    (CNN) — Americans will have an additional three months to file their taxes amid the coronavirus pandemic, the US treasury secretary said on Friday. “We are moving Tax Day from April 15 to July 15,” Secretary Steven Mnuchin tweeted. “All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.” […]

  • Mnuchin warns senators lack of action could result in 20% unemployment rate, source says

    (CNN) — Treasury Secretary Steven Mnuchin warned Republican senators Tuesday morning that without action the coronavirus pandemic could drive up US unemployment to 20%, a Republican Senate source told CNN. Mnuchin’s comments came as he urged Republican senators to act on economic stimulus measures totaling $1 trillion designed to avert that kind of worst case scenario. Asked for comment, […]

  • Mnuchin promises next round of tax cuts for middle class Americans

    Treasury Secretary Steven Mnuchin said Thursday that the White House is already crafting a package of tax cuts for the middle class as President Donald Trump hopes to secure a second term in November. In an interview with CNBC from the World Economic Forum in Davos, Switzerland, Mnuchin said Trump has already directed his economic team to begin […]

  • Dow hits a new record: 29,000 points

    The Dow on Friday reached 29,000 points for the first time, as stocks climbed across the board. The Dow rose as much as 44 points, or 0.2%, to cross 29,000 points, but shortly after, it fell back below the key level. The index fell just short of that mark at Thursday’s close, but still finished […]

  • Harriet Tubman $20 bill no longer coming in 2020, Mnuchin says

    The redesign of the $20 bill featuring Harriet Tubman will no longer be unveiled in 2020, Treasury Secretary Steven Mnuchin said on Wednesday. The unveiling had been timed to coincide with the 100th anniversary of the 19th amendment, which granted women the right to vote. Mnuchin said that the design process has been delayed, and […]

  • Mnuchin rejects Hill request to hand over Trump tax returns

    Treasury Secretary Steven Mnuchin on Monday rejected House Democrats’ request for President Donald Trump’s tax returns, failing for the third time to meet a congressional deadline to turn over the documents. The move raised the stakes in the fight between the administration and Congress over the returns, making an unprecedented legal battle to obtain them all […]

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