Jan. 6 Panel Puts Focus on Cabinet Discussions About Removing Trump

Other reports verify Representative Liz Cheney’s assertion that cabinet members considered using the 25th Amendment to oust Donald Trump after the assault on the Capitol.

#cheney-liz, #devos-elizabeth-1958, #mnuchin-steven-t, #pompeo-mike, #presidential-election-of-2020, #scalia-eugene, #storming-of-the-us-capitol-jan-2021, #trump-donald-j, #twenty-fifth-amendment-us-constitution, #united-states-politics-and-government

Kushner’s and Mnuchin’s Quick Pivots to Business With the Gulf

Weeks before the Trump administration ended, Jared Kushner and Steven Mnuchin met with future investors on official trips to the Middle East.

#abraham-fund, #affinity-partners, #ethics-and-official-misconduct, #kushner-jared, #liberty-strategic-capital, #middle-east, #mnuchin-steven-t, #presidential-election-of-2020, #private-equity, #sovereign-wealth-funds, #united-states-international-relations, #united-states-politics-and-government

Trump Officials Gave Pandemic Loan to Trucking Company Despite Objections

A congressional report raises new questions about a pandemic relief loan to a troubled trucking company with close ties to the Trump administration.

#clyburn-james-e, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #defense-department, #esper-mark-t, #ethics-and-official-misconduct, #house-of-representatives, #lobbying-and-lobbyists, #mnuchin-steven-t, #treasury-department, #trucks-and-trucking, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #yrc-worldwide-inc

Trump Officials Awarded $700 Million Pandemic Loan Despite Objections

A congressional report raises new questions about a pandemic relief loan to a troubled trucking company with close ties to the Trump administration.

#clyburn-james-e, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #defense-department, #esper-mark-t, #ethics-and-official-misconduct, #house-of-representatives, #lobbying-and-lobbyists, #mnuchin-steven-t, #treasury-department, #trucks-and-trucking, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #yrc-worldwide-inc

Before Giving Billions to Jared Kushner, Saudi Investment Fund Had Big Doubts

Before it committed $2 billion to Mr. Kushner’s firm, Public Investment Fund officials questioned the justification for taking such a big risk.

#affinity-partners, #conflicts-of-interest, #foreign-investments, #kushner-jared, #mnuchin-steven-t, #mohammed-bin-salman-1985, #politics-and-government, #prices-fares-fees-and-rates, #public-investment-fund-saudi-arabia, #saudi-arabia, #trump-donald-j, #united-states-international-relations, #united-states-politics-and-government

Why Janet Yellen’s Signature Is Not on U.S. Currency

Until a new treasurer is selected, currency will continue to bear the autograph of former Treasury Secretary Steven Mnuchin.

#biden-joseph-r-jr, #mnuchin-steven-t, #treasury-department, #united-states-politics-and-government, #us-dollar-currency, #yellen-janet-l

Trump Allies Are Prominent at Saudi Investment Conference

But the Biden administration sent only a deputy commerce secretary to the high-profile gathering, amid shifts in global politics and diplomatic strains.

#conflicts-of-interest, #foreign-investments, #mnuchin-steven-t, #mohammed-bin-salman-1985, #private-equity, #riyadh-saudi-arabia, #scaramucci-anthony, #trump-donald-j, #united-states-international-relations, #united-states-politics-and-government

Mnuchin’s Private Equity Fund Raises $2.5 Billion

The former Treasury secretary has attracted investment from Saudi Arabia’s sovereign wealth fund.

#hedge-funds, #khashoggi-jamal, #liberty-strategic-capital, #mnuchin-steven-t, #mohammed-bin-salman-1985, #sovereign-wealth-funds, #treasury-department, #united-states-politics-and-government

Top U.S. Officials Consulted With BlackRock as Markets Melted Down

The world’s largest asset manager was central to the pandemic crisis response. Emails and calendar records underscore that critical role.

#banking-and-financial-institutions, #blackrock-inc, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-bank-of-new-york, #federal-reserve-system, #fink-laurence-d, #mnuchin-steven-t, #powell-jerome-h, #treasury-department, #united-states-economy, #united-states-politics-and-government

How Private Equity Firms Avoid Taxes

The I.R.S. almost never audits private equity firms, even as whistle-blowers have filed claims alleging illegal tax avoidance.

#apollo-global-management, #bain-capital, #biden-joseph-r-jr, #blackstone-group-the, #capital-gains-tax, #carlyle-group-lp, #federal-taxes-us, #government-accountability-office, #high-net-worth-individuals, #income-inequality, #income-tax, #internal-revenue-service, #kirklandellis, #kkrco-lp, #mnuchin-steven-t, #private-equity, #rettig-charles-p, #schwarzman-stephen-a, #tax-cuts-and-jobs-act-2017, #tax-evasion, #tax-shelters, #tpg-capital, #treasury-department, #trump-donald-j, #united-states-politics-and-government, #whistle-blowers

Out of Trump’s Shadow, World Bank President Embraces Climate Fight

David Malpass, who was met with skepticism when he got the job in 2019, has become increasingly vocal about the risk of climate change.

#content-type-personal-profile, #global-warming, #greenhouse-gas-emissions, #malpass-david, #mnuchin-steven-t, #third-world-and-developing-countries, #treasury-department, #world-bank

Biden Opts Against Branding Stimulus Checks, Breaking With Trump

President Biden’s name will not appear on the next round of payments.

#american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-2019-ncov, #law-and-legislation, #mnuchin-steven-t, #stimulus-economic, #trump-donald-j, #united-states-politics-and-government, #yellen-janet-l

Tough Sanctions, Then a Mysterious Last-Minute Turnabout

The Treasury Department slapped sanctions on the Israeli billionaire Dan Gertler in 2017 for corruption in Africa. In Donald Trump’s final days in office, they were rolled back with no explanation.

#annan-kofi, #biden-joseph-r-jr, #congo-democratic-republic-of-congo-kinshasa, #corruption-institutional, #dershowitz-alan-m, #embargoes-and-sanctions, #freeh-louis-j, #gertler-dan-1973, #human-rights-and-human-rights-violations, #israel, #kabila-joseph, #kabila-laurent, #magnitsky-sergei-l, #mandelker-sigal, #mnuchin-steven-t, #netanyahu-benjamin, #pompeo-mike, #senate-committee-on-foreign-relations, #state-department, #treasury-department, #trump-donald-j, #united-states-international-relations, #united-states-politics-and-government

Janet Yellen Readies Big Changes for Treasury

From financial regulation to minority lending, Biden’s pick is poised to change course sharply from the policies of Secretary Steven Mnuchin.

#adeyemo-adewale, #appointments-and-executive-changes, #banking-and-financial-institutions, #bernanke-ben-s, #biden-joseph-r-jr, #brookings-institution, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #federal-reserve-system, #financial-stability-oversight-council, #mnuchin-steven-t, #presidential-transition-us, #regulation-and-deregulation-of-industry, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

Louise Linton, Wife of Steven Mnuchin, On Her New Movie ‘Me You Madness’

Scoffed at for conspicuous consumption, the wife of the departing Treasury secretary sends herself up in a camp-tastic dark comedy, “Me You Madness.”

#actors-and-actresses, #content-type-personal-profile, #linton-louise-1980, #me-you-madness-movie, #mnuchin-steven-t, #movies

How Trump’s Attack on Relief Bill Has Divided GOP

From the campaign trail in Georgia to Capitol Hill, President Trump’s demand for changes to the $900 billion pandemic relief plan upended political and economic calculations.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #elections-senate, #georgia, #house-of-representatives, #law-and-legislation, #loeffler-kelly-l, #mccarthy-kevin-1965, #mcconnell-mitch, #mnuchin-steven-t, #pelosi-nancy, #perdue-david-a-jr, #republican-party, #senate, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #vetoes-us

Trump’s Attack on Coronavirus Relief Divides G.O.P. and Threatens Recovery

From the campaign trail in Georgia to Capitol Hill, President Trump’s demand for changes to the $900 billion pandemic relief plan upended political and economic calculations.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #elections-senate, #georgia, #house-of-representatives, #law-and-legislation, #loeffler-kelly-l, #mccarthy-kevin-1965, #mcconnell-mitch, #mnuchin-steven-t, #pelosi-nancy, #perdue-david-a-jr, #republican-party, #senate, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #vetoes-us

The Year the Fed Changed Forever

Jerome H. Powell’s central bank slashed rates, bought bonds in huge sums and rolled out never-before-tried loan programs that shifted its identity. The backlash is already beginning.

#banking-and-financial-institutions, #content-type-personal-profile, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #mnuchin-steven-t, #powell-jerome-h, #treasury-department, #united-states-economy, #united-states-politics-and-government

Buried in Covid Relief Bill: Billions to Soothe the Richest

The voluminous coronavirus relief and spending bill that blasted through Congress on Monday includes provisions — good, bad and just plain strange — that few lawmakers got to read.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #house-of-representatives, #income-inequality, #mnuchin-steven-t, #senate, #small-business, #stimulus-economic, #tax-credits-deductions-and-exemptions, #treasury-department, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

Treasury Department’s Top Levels Were Breached in Russia Hack

Russian hackers appear to have attacked systems for senior officials of the department.

#biden-joseph-r-jr, #conway-ron, #cyberattacks-and-hackers, #federal-aid-us, #gross-william-h, #mnuchin-steven-t, #schwarzman-stephen-a, #smythe-christie, #stimulus-economic, #tesla-motors-inc, #treasury-department

Treasury Department’s Senior Leaders Were Targeted by Russian Hacking

The disclosure was the first acknowledgment of a specific intrusion in the vast cyberattack. At the White House, national security leaders met to assess how to deal with the situation.

#cyberwarfare-and-defense, #espionage-and-intelligence-services, #fireeye-inc, #foreign-intelligence-service-russia, #mnuchin-steven-t, #national-security-agency, #office-of-the-director-of-national-intelligence, #russia, #treasury-department, #trump-donald-j, #united-states-cyber-command, #united-states-international-relations, #united-states-politics-and-government, #us-federal-government-data-breach-2020, #wyden-ron

What Is 13-3? Why a Debate Over the Fed Is Holding Up Stimulus Talks

The Fed’s emergency lending authorities are a key part of its job. Republicans want to curb them. Democrats are pushing back.

#banking-and-financial-institutions, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #federal-reserve-system, #mnuchin-steven-t, #presidential-election-of-2020, #stimulus-economic, #stocks-and-bonds, #toomey-patrick-j, #treasury-department, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

Staring Down Deadline, Congress Nears $900 Billion Stimulus Deal

The emerging compromise would provide emergency stimulus payments, jobless aid and rental assistance, extending help to businesses and funding the distribution of a vaccine. But more is likely to be needed.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #democratic-party, #federal-aid-us, #house-of-representatives, #manchin-joe-iii, #mnuchin-steven-t, #pelosi-nancy, #republican-party, #schumer-charles-e, #senate, #stimulus-economic, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

White House Offers $916 Billion Stimulus Proposal as Talks Intensify

The proposal by Steven Mnuchin, the Treasury secretary, was the administration’s first substantive engagement with Congress on a stimulus deal since the election.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #house-of-representatives, #mcconnell-mitch, #mnuchin-steven-t, #pelosi-nancy, #senate, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

Trump Wars II: The Loser Strikes Back

Trashing the nation on his way out the door.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #credit-and-debt, #european-central-bank, #mnuchin-steven-t, #presidential-election-of-2020, #presidential-transition-us, #treasury-department, #united-states-politics-and-government

Mnuchin Cites Principles in Clawing Back Fed Money. Democrats See Politics.

Trump’s Treasury secretary said Congress wanted key economic supports to end by Dec. 31, a view he expressed only after the vote count in the presidential election.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-system, #mnuchin-steven-t, #powell-jerome-h, #stimulus-economic, #treasury-department, #united-states-economy

Mnuchin’s Inglorious Endgame

The Trump administration’s abrupt decision to curtail the Federal Reserve’s emergency lending programs is a gamble with no upside.

#coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #mnuchin-steven-t, #presidential-election-of-2020, #presidential-transition-us, #stimulus-economic, #treasury-department, #united-states-economy, #united-states-politics-and-government

Economic Policy Has Become a Partisan Game. That Could Do Long-Term Harm.

Mnuchin’s move and Shelton’s near-confirmation suggest a future of greater risks each time party control changes.

#appointments-and-executive-changes, #coronavirus-aid-relief-and-economic-security-act-2020, #economic-conditions-and-trends, #federal-reserve-system, #mnuchin-steven-t, #shelton-judy, #stimulus-economic, #united-states-economy

Mnuchin Plans to End Some Emergency Fed Facilities

The Treasury Department asked the Federal Reserve to return unused funds, which could prevent a new secretary from restarting key loan programs.

#coronavirus-2019-ncov, #credit-and-debt, #federal-aid-us, #federal-reserve-system, #mnuchin-steven-t, #treasury-department, #united-states-politics-and-government

Federal Reserve’s Emergency Loan Programs at Center of Political Fight

Democrats are eyeing the programs as a backup option if they can’t strike a deal to aid states and localities, and believe they may be needed to backstop markets. Republicans want them off the table.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #democratic-party, #federal-reserve-system, #mnuchin-steven-t, #municipal-bonds, #powell-jerome-h, #presidential-election-of-2020, #republican-party, #stimulus-economic, #treasury-department, #united-states-economy, #united-states-politics-and-government

How the Wealthy World Has Failed Poor Countries During the Pandemic

Despite pledges for debt relief and expanded programs, the World Bank and International Monetary Fund have delivered meager aid, say economists.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #georgieva-kristalina-ivanova, #group-of-twenty, #international-monetary-fund, #malpass-david, #mnuchin-steven-t, #poverty, #stimulus-economic, #third-world-and-developing-countries, #united-states-economy, #united-states-politics-and-government, #world-bank

U.S. Imposes Sanctions on Iran’s Oil Sector

The Trump administration is trying to fortify its campaign of maximum pressure against Iran from being reversed by a potential Biden administration.

#biden-joseph-r-jr, #embargoes-and-sanctions, #iran, #islamic-revolutionary-guards-corps, #mnuchin-steven-t, #nuclear-weapons, #office-of-foreign-assets-control-united-states-treasury, #presidential-election-of-2020, #treasury-department, #trump-donald-j, #united-nations, #united-states-international-relations, #venezuela

As Time Runs Short, Optimism Fades for a Pre-Election Stimulus Deal

Speaker Nancy Pelosi said she was still optimistic about the chances for an agreement, but it would be up to President Trump when it came together. And time is all but up to cement a compromise before Nov. 3.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #mnuchin-steven-t, #pelosi-nancy, #presidential-election-of-2020, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

Trump Casts Doubt on Stimulus Deal as Republicans Resist a Possible Compromise

Even as Nancy Pelosi and Steven Mnuchin continued to narrow their differences, the president said Democrats were holding out for too much, suggesting he was preparing to blame them for the demise of a deal.

#mcconnell-mitch, #meadows-mark-r-1959, #mnuchin-steven-t, #pelosi-nancy, #presidential-election-of-2020, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

The Fed’s $4 Trillion Lifeline Never Materialized. Here’s Why.

The Federal Reserve was meant to take $454 billion and drastically expand it. So far, it has lent $20 billion.

#banking-and-financial-institutions, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #federal-aid-us, #federal-budget-us, #federal-reserve-system, #house-of-representatives, #interest-rates, #local-government, #mnuchin-steven-t, #regulation-and-deregulation-of-industry, #senate, #stocks-and-bonds, #treasury-department, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

McConnell Moves to Head Off Stimulus Deal as Pelosi Reports Progress

The top Senate Republican told colleagues that he had advised the White House against striking a pre-election deal with Democrats to deliver pandemic aid, fearing political repercussions.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #mcconnell-mitch, #mnuchin-steven-t, #pelosi-nancy, #republican-party, #senate, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

Stimulus Deal: Pelosi Reports Progress as McConnell is Against Proposal

The top Senate Republican told colleagues that he had advised the White House against striking a pre-election deal with Democrats to deliver pandemic aid, fearing political repercussions.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #mcconnell-mitch, #mnuchin-steven-t, #pelosi-nancy, #republican-party, #senate, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

U.A.E. and Israel Agree to Visa Waivers and Direct Flights

In the first official U.A.E. visit to Israel since the countries normalized relations, they agreed to ease travel and upgrade West Bank checkpoints. Palestinians called it tacit assent to Israeli occupation.

#israel, #mnuchin-steven-t, #netanyahu-benjamin, #palestinians, #pipelines, #united-arab-emirates, #united-states-international-relations, #west-bank

White House Opposes Expanded Coronavirus Testing, Complicating Stimulus Talks

Some administration officials say testing Americans with no symptoms of the coronavirus would hurt the economy and restrict civil liberties. Democrats and some prominent experts say it would slow the virus and bolster economic growth.

#atlas-scott-w, #birx-deborah-l, #centers-for-disease-control-and-prevention, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #mnuchin-steven-t, #redfield-robert-r, #republican-party, #stimulus-economic, #tests-medical, #trump-donald-j, #united-states-economy, #white-house-coronavirus-outbreak-2020

U.S. Budget Deficit Hit $3.1 Trillion Amid Virus Spending Surge

A surge in spending, combined with falling tax receipts have sent the deficit soaring, complicating plans for additional stimulus.

#federal-budget-us, #federal-taxes-us, #finances, #mnuchin-steven-t, #stimulus-economic, #unemployment, #united-states-economy, #us-dollar-currency

Republicans Clash on Stimulus Package as Trump Says ‘Go Big’

The president said he wanted a much larger package than the $1.8 trillion measure under discussion. The top Senate Republican said his party could not accept a deal anywhere near that big.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #house-of-representatives, #law-and-legislation, #mcconnell-mitch, #mnuchin-steven-t, #pelosi-nancy, #republican-party, #senate, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

Senate Republicans Denounce White House’s Offer for Coronavirus Relief

Even as Democrats held out for more concessions over funding and provisions, it was the deep divisions among Republicans that were standing in the way.

#meadows-mark-r-1959, #mnuchin-steven-t, #pelosi-nancy, #treasury-department, #trump-donald-j

Trump Raises Stimulus Offer to $1.8 Trillion

After ending stimulus talks via Twitter on Tuesday, the president reversed course, proposing a plan his own party may reject, and giving Democrats fresh leverage to dictate the terms of a deal.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #mnuchin-steven-t, #pelosi-nancy, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

Dead, Alive, on Life Support? Confusion Reigns on Stimulus as Talks Continue

Mixed messages from the president and his advisers have muddled an already tumultuous negotiation.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #law-and-legislation, #mcconnell-mitch, #mnuchin-steven-t, #pelosi-nancy, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

With Bipartisan Deal Elusive, Democrats Push Through Their Own Stimulus Bill

Lawmakers approved the measure along party lines, even as Speaker Nancy Pelosi said a late-stage agreement with the administration was still possible.

#airlines-and-airplanes, #coronavirus-2019-ncov, #house-of-representatives, #law-and-legislation, #mnuchin-steven-t, #pelosi-nancy, #stimulus-economic, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

How to Fix the Postal Service

Even as it becomes a focus of debate in a sharply partisan election year, the agency is crippled by economic forces outside its control. But a number of proposals, new and old, could chart a path forward.

#gillibrand-kirsten-e, #kosar-kevin-r, #mnuchin-steven-t, #postal-service-us, #postal-service-and-post-offices, #presidential-election-of-2020, #speier-jackie, #warren-elizabeth

Senate Clears Stopgap Spending Bill to Avoid a Shutdown, Sending It to Trump

The measure provides funding for the government until Dec. 11, delaying the threat of a shutdown until after the general election.

#federal-budget-us, #house-of-representatives, #mnuchin-steven-t, #pelosi-nancy, #presidential-election-of-2020, #senate, #stimulus-economic, #trump-donald-j, #united-states-politics-and-government

Steven Mnuchin’s Deal Staved Off Catastrophe. Can He Make Another One?

Even many Trump critics credit his Treasury secretary with rescuing the economy from the pandemic. Will the White House and Congress keep him from doing it again?

#appointments-and-executive-changes, #coronavirus-aid-relief-and-economic-security-act-2020, #mnuchin-steven-t, #powell-jerome-h, #united-states-economy

House Unveils New Stimulus Package as Pelosi and Mnuchin Resume Talks

The moves appeared to be the most concrete action toward more economic aid since negotiations stalled nearly two months ago, but the sides remain far apart on price and short on time.

#coronavirus-2019-ncov, #democratic-party, #house-of-representatives, #law-and-legislation, #mnuchin-steven-t, #pelosi-nancy, #republican-party, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

House Approves Short-Term Bill to Avoid a Shutdown

The measure would stave off a government shutdown, providing funding until Dec. 11.

#coronavirus-2019-ncov, #federal-budget-us, #house-of-representatives, #mnuchin-steven-t, #shutdowns-institutional, #united-states-politics-and-government