Steve Mnuchin News

News

US Treasury Secy Mnuchin moves to restart stimulus talks with Democrats

Mnuchin and Mark Meadows before the election offered to back a $1.9 trillion stimulus bill which Pelosi and Schumer rejectedMnuchin’s latest move on the stimulus talks comes a day after he split with Jerome Powell over expiring virus relief lending authorities granted to the Fed

3 min read20 Nov 2020
News

Evans says Treasury move to wind down Fed programs disappointing

The lending facilities, rolled out earlier this year in response to the pandemic, are providing a helpful backstop for financial markets, Charles Evans saidSteve Mnuchin published a letter sent to Jerome Powell seeking the return of money allocated by Congress to fund the programs

1 min read20 Nov 2020
News

TikTok must be sold or blocked in US, says Treasury Secretary

Treasury Secretary Steven Mnuchin asserted that Tiktok should be sold out or should be banned pertaining to national security reasons regarding 100 million populationAccording to WSJ Microsoft may acquire Tiktok in coming days for its U.S. operations

1 min read2 Aug 2020
News

Virus aid package soon, $1,200 cheques by August: Mnuchin

The White House and Senate Republicans were racing to regroup after plans to introduce a $1 trillion virus rescue bill collapsed Thursday amid GOP infighting over its size, scope and details

3 min read26 Jul 2020
News

Steven Mnuchin to exhaust all $500 billion in coronavirus loan fund

Steven Mnuchin’s plans to exhaust the funds underscore the depth of the crisis faced by the US after the coronavirus outbreakSteven Mnuchin called for easing social distancing guidelines as soon as possible to restart the economy, echoing comments from President Donald Trump

2 min read20 May 2020
News

'Study economics before lecturing': US Treasury Secretary to Greta Thunberg

Terming climate change activists 'too pessimistic', Steve Mnuchin asked them to focus on countries where emissions are risingThunberg responded to Mnuchin's comment on Twitter by saying 'it doesn’t take a college degree in economics' to realise the current climate emergency

1 min read23 Jan 2020
News

China to buy $200 billion more products part of trade deal phase 1: US Treasury Secretary Mnuchin

Mnuchin said that the first phase of the trade deal includes real enforcement provision Describing it as a historic transaction, Mnuchin said further talks would be held for the remaining phases

2 min read13 Jan 2020
News

US Treasury Secretary confident that India can achieve $5 tn target in 5 years

Steven Mnuchin on Friday said that US is conscious of India's huge energy needs and both countries are working towards it Mnuchin was in New Delhi leading delegations to participate in the 7th Indo-US Economic and Financial Partnership meeting with Nirmala Sitharaman

2 min read1 Nov 2019
News

US poised to tighten sanctions on Iran over terror financing

The country has faced a growing series of US economic sanctions over the past yearTreasury Secretary Steven Mnuchin said an international task force will set a new deadline for the country to comply or face additional sanctions

1 min read22 Jun 2019
Market

Humans, machines and markets: Why US stocks going crazy is nothing new

Investors have time to reflect on history, now that stocks have avoided a fourth straight down week via the biggest one-day rally since 2009

3 min read29 Dec 2018
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