40 Burst results for "Mnuchin"

Fresh update on "mnuchin" discussed on AM Tampa Bay

AM Tampa Bay

00:40 min | 23 min ago

Fresh update on "mnuchin" discussed on AM Tampa Bay

"With unemployment relief. Still a major sticking point Flax is going all Scott. The sides remain far apart on several negotiation points. Senate Minority Leader Chuck Schumer says Democrats ask form or because that's what it will take to help Americans if we Don't spend the money that is needed now to help beat this crisis economically and healthwise well, it'll cost us a lot more later, Senate Majority Leader Mitch McConnell says there may not be a total consensus on this package, but in his mind the definition successes Is the product, something that will actually make a difference. Discussions with White House Chief of Staff Mark Meadows and Treasury Secretary Steve Mnuchin will continue. Grin All Scott Fox News. The US Census Bureau is stopping the count. Early in the 2020 census will conclude September 30th trying crunch the numbers for a December 31st deadline, but only six out of every 10 households have encountered so far. New deadline means there are less than two months left to collect the information. At least 100 people dead. Thousands more heard after a blast rocked the Lebanese capital of Beirut. Flax is Ray Bogan. The building is destroyed and the surrounding area, including the city's port is severely damaged. I don't know a catastrophe hit Lebanon. Local reports indicate.

Ray Bogan Scott Fox Majority Leader Mitch Mcconnel Chuck Schumer Senate Lebanon Beirut United States Mark Meadows Chief Of Staff Steve Mnuchin White House
Democrats and Republicans remain divided on enhanced unemployment benefits

Politics and Public Policy Today

04:03 min | 9 hrs ago

Democrats and Republicans remain divided on enhanced unemployment benefits

"In Washington, Treasury Secretary Steve Mnuchin telling Senate Republicans that negotiations are no closer to a Corona virus relief deal than they were last week. He's putting the blame on congressional Democrats Speaker Nancy Pelosi and the Senate Democratic leader Chuck Schumer. They're leading the talks last Friday. Of course, that's $600 a week federal enhancement to state unemployment benefits it expired. Other Republicans emerging from today's briefing with the Treasury secretary and White House chief of staff, Mark Meadows, saying it appears the bipartisan negotiations are now at a stalemate. CBS NEWS Congressional correspondent Nancy Court is with this question to Senate Republican leader Mitch McConnell. In a variety of proposals. But at this point what do you believe the consensus Senate Republican view is on how large the federal unemployment insurance benefits should be per week and how long it should last. Well, I think I've made it very clear for some time. Now. If you're looking for total consensus among Republican senators, you're not going to find it, so we do have divisions about what to do. What we're hoping for. Here is a bipartisan proposal negotiated by the president of the stage and his team who can sign a bill into law and Democratic majority in the House that can appeal to a significant percentage of Republicans in the House and Senate. That's where we are on the unemployment issue. We all know it needs to be solved. We don't want the exploration to continue what we've suggested that Short term fixes. Others have indicated they've objected to that a better outcome would be to get to a total solution sooner rather than later. And that's what I am encouraging everyone to do on both sides. Part of the challenge with this negotiation that Negotiators know what the Democratic negotiating position is, but it's unclear what the Republican position is. It's no, that's not a big challenge at all. I'm not anticipating 100 nothing vote in the Senate. This time. I said that in the very beginning, I said it when we laid down our trillion dollar heels. I don't think we're gonna have A total consensus in this round. The atmosphere is much more partisan than it was back in March and April that much closer to the election. So I don't think the definition of success here is whether we have a unanimous vote. I think the definition successes is the product. Something that will actually make a difference. And yet part of the problem is we hear from other Senate Republicans, including Lindsey Graham of South Carolina and Rand Paul of Kentucky, saying that they do not support the price tag for the Koven 19 2nd round of relief package is more from today's briefing with reporters, NBC's Casey Hunt and Senator Mitch McConnell. Nancy Pelosi, that House speaker seems to have suggested that $600 per week for federal benefits is for red Line. Do you think a bill with that amount of money for unemployment could pass the Senate if the president were to say he wants that, too? I think I'm pretty safe to say that there are plenty of Republicans in the Senate who may not vote for a package if that's where it ends up, But we know this is going to be a negotiated settlement. I just said it's not going Produce a Kumbaya moment like we had in March or April where everybody voted. Aye, but the American people in the end I need help. And wherever this thing settles between President United States and his team have to sign it into law and the Democrat not insignificant minority in the Senate and majority in the house is something I'm prepared to support even if I have some problems. With certain

Senate White House Senator Mitch Mcconnell Nancy Pelosi President Trump Chuck Schumer Washington Steve Mnuchin Nancy Court CBS Chief Of Staff United States Mark Meadows Lindsey Graham Rand Paul
Fresh update on "mnuchin" discussed on Coast to Coast AM

Coast to Coast AM

00:31 min | 52 min ago

Fresh update on "mnuchin" discussed on Coast to Coast AM

"To thousands of animals being euthanized due to space or lack of resource is the final public hearing, along with budget adoption is scheduled for next Tuesday. The 11th Rodney Price K and S s News. The Century County commission is close to approving next year's budget, with about $3 million less revenue thanks to the pandemic. Such a county commission chair, Pete much Nortel's K and S s use spending cuts have been made any value increases. We're We're all froze, right? It's right from from everybody. And a lot of positions not filled and then never see me on some cuts of certain that cuts of Expanses in some areas that some of the managers found, which is which is good. It's always healthy to do that, Pete. Much nerd commented during the Stevenson of the morning show here on K. L s s Top Democrats and White House staffers are still in talks over a measure to provide more Corona virus relief payments for Americans taxpayers. Fox's David Spun has an update Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows with House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer. We are we have moved closer together on five or six issues. There are many more to go, President, Trump said. If Congress doesn't come up with a deal, he will unilaterally get involved. He's floating the idea of a payroll tax suspension talks center on expanded unemployment payments as well as food aid and help for renters who may be getting each affected is during the pandemic. K N ASSESS News time now 6044 minutes past six o'clock. Big Mac Chicken McNuggets, No Big Mac and quarter pounder with cheese or filet O fish..

White House Pete Donald Trump Century County Chuck Schumer House Speaker Nancy Pelosi Nortel Congress Stevenson Steven Mnuchin President Trump Mark Meadows Chief Of Staff FOX David Spun K. L
Democrats and Republicans remain divided on enhanced unemployment benefits

Politics and Public Policy Today

00:32 sec | 10 hrs ago

Democrats and Republicans remain divided on enhanced unemployment benefits

"Now here in Washington, Treasury Secretary Steve Mnuchin telling Senate Republicans that negotiations are no closer to a Corona virus relief deal than they were last week. He's putting the blame on congressional Democrats Speaker Nancy Pelosi and the Senate Democratic leader Chuck Schumer. They're leading the talks last Friday. Of course, that's $600 a week federal enhancement to state unemployment benefits it expired. Other Republicans emerging from today's briefing with the Treasury secretary and White House chief of staff, Mark Meadows, saying it appears the bipartisan negotiations are now at a

Senate Chuck Schumer Steve Mnuchin Chief Of Staff Nancy Pelosi Mark Meadows Washington White House
Fresh update on "mnuchin" discussed on This Morning with Gordon Deal

This Morning with Gordon Deal

00:46 min | 1 hr ago

Fresh update on "mnuchin" discussed on This Morning with Gordon Deal

"He does sports at 5 15 Covert 19 relief package could be voted on by the time the DNC arrives in Milwaukee Democrats and Republicans meeting with President Trump on Tuesday night to hammer out more details about the possible $1 trillion Youlus package, the group telling The Associated Press They've agreed to extend a moratorium on evictions from federally subsidized housing through the end of the year. Among other provisions, Treasury Secretary Steve Mnuchin says the two sides set a goal of reaching an agreement by the end of the week, so a vote can happen next week. Health software company Indian County estimates 9000 employees to head back to campus. But epic system workers feel otherwise. Whose well being kept anonymous Employees of epic tells CBS News. They're fearful of the idea. We'll know only chief administrative Officer Speer RWE know that we have this responsibility to healthcare workers around the world and to their patients. Rivers asked about the idea Tuesday afternoons. A number of large employers do have worked for us as large as that. CEO is bringing in experts to the appropriateness of the plans that they've laid out Doc AM J. News like Fish paste Board of Education voting unanimously approving a blended learning model..

Chief Administrative Officer S President Trump DNC Steve Mnuchin Milwaukee Cbs News CEO The Associated Press Indian County DOC Rivers
Microsoft, TikTok officials in White House talks to prevent total ban

Squawk Pod

01:55 min | 1 d ago

Microsoft, TikTok officials in White House talks to prevent total ban

"Tiktok is a short form video social media platform, extremely popular with Gen, Z. and millennials during the global pandemic the APP outpaced instagram in of download eating the two billion mark back in April. If you know any teens or adults lockdown and board, you're probably familiar with the platform. Tick Tock has over two hundred, million users us but it's owned by Chinese company Bite Dance, which is where most of the political drama begins United States Secretary of State. Mike Pompeo has consistently voiced concerns about the APPS ties to the Chinese government back in July he lumped Tiktok in with wall way in terms of national security. We are now evaluating each instance where we believe that US citizens data that they have on their phones or in their system or in their healthcare records. We want to make sure that the Chinese Communist Party doesn't have a way to easily access that president trump this weekend suggested banning the APP in the US. We're looking at Tick Tock we may be banning talk. We may be doing some other things that are a couple of options. And Treasury Secretary Steven Mnuchin has confirmed that the department's Committee on foreign. In. The US is reviewing tiktok citing. National. Security concerns, he spoke to ABC over the weekend. I do chair Syfy, which is the committee on Foreign Investment on the United States I've said publicly that it's under review I will say publicly that the entire committee agrees that Tiktok cannot stay in the current format exit risks sending back information on a hundred million Americans. Amid, Washington's focus on national security Microsoft announced that it made by tick tock or at least part of it. Over the weekend the tech giant confirmed that it's in talks to acquire the tick Tock Business in Iraq Canada, Australia, and New Zealand and then it's working with the government deal.

United States Tiktok Chinese Communist Party Mike Pompeo United States Secretary Of Sta Chinese Government Bite Dance Syfy Microsoft Steven Mnuchin Washington ABC Iraq President Trump Canada New Zealand Australia
Fresh update on "mnuchin" discussed on WIBC Programming

WIBC Programming

00:34 min | 2 hrs ago

Fresh update on "mnuchin" discussed on WIBC Programming

"And Democrats are committing to a timeline. Treasury Secretary Steve Mnuchin says they could reach a deal on a new Coben 19 relief bill by the end of the week. If that happens, mission says it would be set up for a vote on Capitol Hill next week. The both sides remain far apart on key issues, including a weekly pandemic jobless benefit and funding for the Postal Service is service. Excuse me. Democrats have summoned the Postal Service's postmaster general today to discuss the agencies need for emergency funding. The White House is saying it might sidestep Congress to take action if a deal is not reached soon. Breaking news, the highest level US trip to Taiwan in decades will take place in the coming days. Health and Human Services Secretary Alex Cesar will visit the country. The visit will likely create new frictions with China. China claims Taiwan as its own territory to be annexed by force if necessary. The U. S. Says Cesar will meet with health officials about the Corona virus pandemic. Officials in Taiwan, Cesar will meet with the country's president as well. The U. S and Taiwan broke formal diplomatic relations in 1979.

Taiwan Alex Cesar Postal Service Steve Mnuchin Secretary White House Congress United States U. S President Trump
Trump wants to take action against TIk Tok

THE NEWS with Anthony Davis

02:06 min | 2 d ago

Trump wants to take action against TIk Tok

"Donald Trump plans to take action on what he sees a broad array of national security risks presented by software connected to the Chinese Communist Party Secretary of State Mike Pompeo said yesterday Pompeo's remarks followed reports that Microsoft is an advanced talks to buy the US operations of Tiktok, which has been a source of national security and censorship concerns for the trump administration. The critics say at this stage, the anti-china rhetoric is more about being seen to punish them for unleashing the corona virus thereby distracting from the administration's failure to contain it. Tick talks US use the data is stored in the US with strict controls on employees access, and its biggest investors come from the US the company said on Sunday we are committed to protecting ow uses privacy and safety as we continue working to bring joy to families and meaningful careers to those who create on our platform TIKTOK spokesperson said trump had said on Friday that he would soon ban Tiktok in the united. States. A federal committee is reviewing whether that's possible and its members agree that TIKTOK cannot remain in the US in its current. Form because it risks sending back information on one hundred million. Americans. Said Treasury Secretary Steven Mnuchin a speculation grew over a ban on sale of the social media's US business tiktok posted a video on Saturday saying we're not planning on going anywhere tiktok catchy videos and ease of use has made it popular and says, it has tens of millions of us in the US and hundreds of millions globally. But take talks Chinese ownership has raised concern about the potential for sharing user data with Chinese officials, as well as censorship videos critical of the Chinese government. TIKTOK says it does not censor videos and it would not give the Chinese government access to US use data.

United States Donald Trump Tiktok Chinese Communist Party Mike Pompeo Chinese Government Microsoft Steven Mnuchin
Fresh "Mnuchin" from Chris Krok

Chris Krok

00:34 sec | 6 hrs ago

Fresh "Mnuchin" from Chris Krok

"A stimulus a deal to help Americans Whitney Wild has details the White House now weighing whether to take executive action. Assayed negotiations stalled in Congress. Ah White House officials saying If something isn't reached by the end of the week, we don't want to see it go for another week. I may not have to sign. Progress is being made, as you know very well in the hill. The progress made in Tuesday's closed door negotiations. Still no deal the price tag. House Speaker Nancy Pelosi is eyeing $3.4 trillion which Treasury Secretary Steven Mnuchin is blasting as ridiculous. At the White House. I'm Whitney Wild reporting, the city of Irving is offering to help residents who have suffered a financial loss due to the Cova 19 pandemic. Imelda Speck with the city's economic development Department, says the program will help pay for past you rent mortgage and utility bills. I helping to.

White House Whitney Wild Imelda Speck Congress Cova Nancy Pelosi Executive Irving Economic Development Departmen Steven Mnuchin
Negotiators report progress in coronavirus  relief talks

AP News Radio

00:57 sec | 2 d ago

Negotiators report progress in coronavirus relief talks

"Principles in weekend meetings between the trump administration and congressional democratic leaders on a new covert nineteen relief bill are calling the sessions productive but acknowledge they're a long way from agreement it would require a substantial move from the Democrats on on a lot of issues but treasury secretary Steve Mnuchin says one area they could agree on is supplemental employment benefits we proposed a one week extension at six hundred dollars so that while we negotiate a longer term solution at least all those people don't lose their money and and I and I'm surprised that the Democrats won't agree to that he appeared on ABC's this week and state house speaker Nancy Pelosi the idea that they made a proposal is really not actually factual she maintains administration proposals don't even half Republican support one key figure not directly participating in the meetings Senate Majority Leader Mitch McConnell Ben Thomas Washington

Steve Mnuchin ABC Nancy Pelosi Senate Mitch Mcconnell Ben Thomas Washington
TikTok: Pompeo says Trump to crack down on Chinese software in coming days

Leo Laporte

00:18 sec | 2 d ago

TikTok: Pompeo says Trump to crack down on Chinese software in coming days

"Mike Pompeo says President Trump plans to take action or what he sees as a broad, a wary of national security risks presented by software connected to Chinese Communist Party. Trump has already said he would soon band TIC Tac and Treasury Secretary Steve Mnuchin says a federal committee is now reviewing whether that is possible.

President Trump Mike Pompeo Chinese Communist Party Steve Mnuchin
Second stimulus check updates: Negotiators report progress

Peak Financial Freedom Hour with Jim and Dan

00:32 sec | 2 d ago

Second stimulus check updates: Negotiators report progress

"Unemployment benefits have expired and still no deal yet on the next round of stimulus spending on Capitol Hill following negotiations this weekend, But Senate Minority Leader Senate Minority Leader Chuck Schumer saying there was progress Speaker Pelosi and I sat with Secretary Mnuchin, chief of Staff Meadows And we discussed the issue by issue by issue way made good progress. There are lots of things that were still divided on the White House is citing concern about piling enormous amounts of dead on future generations. Ah,

Chuck Schumer Secretary Mnuchin Chief Of Staff White House Pelosi
COVID-19 Relief Talks Stretch on After Benefits Expire

Tom Sullivan

00:37 sec | 2 d ago

COVID-19 Relief Talks Stretch on After Benefits Expire

"Democrats in the White House will hold another round of talks tomorrow. A Corona virus relief package, Treasury Secretary Steven Mnuchin tells ABC is this week that enhanced unemployment benefits are important, but not likely could be offered for the duration of the pandemic. Unemployment is supposed to be wage replacement show it should be tied. To some percentage of wages. The fact that we had a flat number was only an issue of an emergency, where we had 30 year old computer systems. So I think on the concept we absolutely agree on enhanced unemployment. We want to fix the issue. We're in some cases, people are overpaid, and we want to make sure there's the right incentive.

ABC White House Steven Mnuchin
Negotiators report progress in COVID-19 aid talks in Congress

Weekend Edition Sunday

00:19 sec | 2 d ago

Negotiators report progress in COVID-19 aid talks in Congress

"Hill talks are ongoing over the latest Corona virus relief package deal has yet to be reached. But Tom Congressional Democrats House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer Yesterday's negotiations were productive. They are to meet again tomorrow with Treasury Secretary Steve Mnuchin in the White House chief of staff Mark Meadows.

Chuck Schumer Tom Congressional White House Nancy Pelosi Mark Meadows Chief Of Staff Steve Mnuchin Hill
Pelosi calls relief package discussions "productive" but no deal

WTOP 24 Hour News

00:50 sec | 3 d ago

Pelosi calls relief package discussions "productive" but no deal

"Participating in weekend talks on a huge Corona virus relief measure Our reporting some progress. We're not close yet. But it was a productive discussion. Senate Democratic leader Chuck Schumer and House Speaker Nancy Pelosi met for three hours Saturday with Treasury Secretary Steve Mnuchin and White House chief of staff Mark Meadows. We had a serious discussion and we went down piece by piece, and so where each side is at President Trump has expressed willingness to extend the $600 per week supplemental unemployment benefit that expired Friday. But is balking at demands like food stamp increases. Assistance to Renner's and homeowners and aid for state and local governments will do halfway doesn't work when people need homes and jobs and need housing. Schumer's says staff will continue working through the weekend and more meetings their planned for Monday.

Chuck Schumer House Speaker Nancy Pelosi Renner White House Chief Of Staff Mark Meadows Senate Donald Trump Steve Mnuchin President Trump
Schumer calls relief package discussions "productive" but no deal

Kim Komando

00:24 sec | 3 d ago

Schumer calls relief package discussions "productive" but no deal

"But no deal yet on a new virus relief package, Senator Senate Minority Leader Chuck Schumer calling today's discussions productive, adding, there's still many outstanding issues. To be resolved. Schumer, making the remark marks after he and House Speaker Nancy Pelosi wrapped up a three hour meeting with Treasury Secretary Steve Mnuchin and White House Chief of Staff Mark Meadows, this Rocky's News update sponsored by Colorado Farm Bureau

Senator Senate Minority Leader House Speaker Nancy Pelosi Colorado Farm Bureau White House Mark Meadows Chief Of Staff Steve Mnuchin Rocky
Negotiations Continue For New COVID-19 Relief Bill

WTOP 24 Hour News

00:50 sec | 3 d ago

Negotiations Continue For New COVID-19 Relief Bill

"In weekend talks on a huge corona virus relief measures are reporting some progress not close yet. But it was a productive discussion. Senate Democratic leader Chuck Schumer and House Speaker Nancy Pelosi met for three hours Saturday with Treasury Secretary Steve Mnuchin and White House chief of staff Mark Meadows. We had a serious discussion and we went down piece by piece and saw where each side is at President Trump has expressed willingness to extend the $600 per week supplemental unemployment benefit that expired Friday. But is balking at demands like food stamp increases. Assistance to Renner's and homeowners and aid for state and local governments will do halfway doesn't work when people need homes and jobs and need housing. Schumer's says staff will continue working through the weekend and more meetings their planned for Monday. Ben Thomas

Chuck Schumer House Speaker Nancy Pelosi Ben Thomas White House Chief Of Staff Mark Meadows Renner Senate Donald Trump Steve Mnuchin President Trump
Negotiators report progress in COVID-19 aid talks

AP News Radio

00:57 sec | 3 d ago

Negotiators report progress in COVID-19 aid talks

"There are repeat words from Capitol Hill on negotiations over a fresh round of corona virus relief but no deal yet I would characterize this is there still a lot of work to do treasury secretary Steve Mnuchin and White House chief of staff mark meadows met Saturday with house speaker Nancy Pelosi and Senate minority leader Chuck Schumer this was the longest meeting we had and it was more productive than the other meetings synergen says there's a clear subset of issues both sides agree on we're very interested in extending on enhanced unemployment insurance we're very interested in schools were very interested in jobs one potential roadblocks Senate Majority Leader Mitch McConnell's insistence the bill protect businesses from potential lawsuits over decisions to re open White House chief of staff mark meadows leader McConnell has made it very clear it's a red line staff talks continue through the weekend with more meetings expected Monday Ben Thomas Washington

Mark Meadows White House Senate Chuck Schumer Nancy Pelosi Chief Of Staff Steve Mnuchin Ben Thomas Washington Mitch Mcconnell
Negotiators report progress in COVID-19 aid talks

AP News Radio

00:51 sec | 3 d ago

Negotiators report progress in COVID-19 aid talks

"Lawmakers taking part and we can talks on a huge corona virus relief measure are reporting progress we're not close yet but it was a productive discussion Senate democratic leader Chuck Schumer and house speaker Nancy Pelosi met for three hours Saturday with treasury secretary Steve Mnuchin and White House chief of staff mark meadows we had a serious discussion and we went down piece by piece and saw where each side is acting after trumpets expressed willingness to extend the six hundred dollar per week supplemental unemployment benefit that expired Friday but is balking at demands like food stamping creases assistance to renters and homeowners an aide for state and local governments will do half way doesn't work when people need homes can need jobs and need housing Schumer says staff will continue working through the weekend and more meetings are planned for Monday Ben Thomas Washington

Chuck Schumer Steve Mnuchin Ben Thomas Washington Senate Nancy Pelosi White House Chief Of Staff Mark Meadows
Why Is There a Coin Shortage in America?

BrainStuff

03:32 min | 6 d ago

Why Is There a Coin Shortage in America?

"At grocery stores, convenience stores and hardware stores across America. Curious signs are popping up asking customers to pay with credit cards, debit cards, or exact change. Is it because cashiers don't want to handle physical dollars and sense that could be contaminated with the coronavirus? nope. It's because the United States is currently experiencing a coin shortage. So? Where have they gone? America's pennies, nickels, dimes and quarters haven't disappeared. The covid nineteen pandemic has simply disrupted the normal cycle of coin circulation. According to the US Treasury, there were forty seven point, eight, billion dollars, worth of coins in circulation as of April twenty, twenty, which was actually four, hundred, million dollars more than April, two, thousand nineteen, but those coins are not moving through the economy like they should be. The Federal Reserve gives several reasons as to why this is happening. Banks and businesses nationwide closed their doors during the lockdown phases of the pandemic including cash and coin heavy sectors like convenient stores, public transit, and laundromats. The US mint also slowed its production of new coins during the early stages of the pandemic as staff was reduced for safety reasons. The men's Philadelphia and Denver Location's. Even as the economy reopened, consumers are opting for contactless payment and generally using less cash and coins. Meaning more coins are sitting at home in Mason, jars piggy banks, and under couch cushions. So. What does this mean? Retail stores are feeling the pinch of inconvenience and passing it along to their customers. The national, Grocers Association and several other retail industry trade groups sent a strongly worded letter to Federal Reserve Chair Jerome, Powell and Treasury Secretary Steve Mnuchin in late June saying that the federal rationing of coin shipments to banks quote threatens the functioning of our member businesses and by extension the needs of our customers. In their letter, the group cited economic statistics showing that cash is still very much can in certain sectors and among certain consumer demographics, for example, between forty five to sixty percent of sales at grocery stores and convenience stores are cash payments, nearly half of all transactions of ten dollars or less are paid in cash and consumers with an annual household income of twenty, five, thousand dollars or less pay in cash for forty, three percent of their transactions. So what's the solution? The long term solution is to wait for the economy to return to normal at which point coins will naturally flow back into circulation. But in the meantime, the Federal Reserve and the US meant are taking action. The meant has ramped up coin production outpacing its usual one, billion coins a month with one point, two, billion coins in June and one point three, five, billion a month for the rest of twenty twenty, according to The New York Times. The Federal Reserve announced in June that it was rationing out its inventory by sending banks and credit unions smaller than normal coin shipments based on historical demand. The Fed also convened an emergency, US coin task, force composed of government and industry leaders including banks, an armored car companies. The task force is expected to come up with a set of recommendations by the end of. July. One of the task forces early accomplishments was to create the Hashtag get coin moving which banks and credit unions are plastering across twitter to encourage people to cash in their piggy banks to get more coins back in circulation.

Federal Reserve United States America Us Treasury Twitter Philadelphia Denver Location Grocers Association Steve Mnuchin Powell The New York Times
Mnuchin confirms TikTok is under CFIUS review following national security concerns

Red Eye Radio

00:18 sec | 6 d ago

Mnuchin confirms TikTok is under CFIUS review following national security concerns

"Sector. Stephen Ocean confirms Talk is under national security review and as as agency agency would would make make a a recommendation recommendation to to the the president president about about the the popular popular Chinese Chinese owned owned video video sharing sharing APP APP sometime sometime later later this this week. week. Is Is the the first first time time the the U. U. S S government has acknowledged that Tic tac was under review.

President Trump Stephen Ocean U. U. S S Government
US Republicans have unveiled a $1 trillion package to kick-start the economy, Democrats call the plan 'inadequate'

Monocle 24: The Globalist

08:09 min | Last week

US Republicans have unveiled a $1 trillion package to kick-start the economy, Democrats call the plan 'inadequate'

"Republicans have unveiled a trillion dollar package to kick start the country's economy after the damage done by the pandemic Democrats, have already called the plan inadequate. Joining me on the line is Scott Lucas professor of US politics at the University of Birmingham, good morning and welcome to the brim scores. So what are the main feature of this baggage? The headline that will come out of this is not one of actually protecting people. And support, it will actually be the fact that unemployment benefits for millions of Americans who have lost their jobs from Corona virus? Those benefits will be cut by sixty seven percent from six hundred dollars per week to two hundred dollars per week. there is a twelve hundred dollar payment the equivalent of three weeks. Of support that is being lost, but after that. You've got. More than fifty one million Americans who filed unemployment application since mid-march, trying to exist on a lot less money. The Republicans argue well that six hundred a week is a disincentive to return to work, but it seems to be at a time. When Corona virus is resurging in the states of very heavy measure to sort of bludgeoned people back into work places. That may not be safe. Beyond that you do have a lot of protection for business for example protecting them from lawsuits. From workers over Corona virus cases. You do have some more support for small businesses. But you also include some pet projects, the most notable of which is a new FBI building which is almost an obsession of donald trump, probably almost a billion dollars in that gets in there at the same time that those who are trying to get by week-to-week are not going to be helped by this measure. Do. You think this is one of the United States needs at least moments, well I think it's a reality in without playing party politics. We've got to say look is the fact is is that as the pandemic is not only continuing but surging in the United States? It gets more and more expensive to try to deal with the economic effects. You have already had to support packages worth a total about five trillion. This would be the third. The Democrats want three trillion rather than one trillion to fully protect people in other words. The bottom line here is is that the ultimate protection from Corona virus not just for lives. Not just for families affected by the loss of lives, but for the US economy is to get the virus under control, and the administration has singularly failed to do that when you have coronavirus cases that are researching and forty-one and fifty days looking at then, what's the Democrats? Won't so you already mentioned that? The Republicans want to cut unemployment benefits and the Democrats would also want to spend moist. There's something. Something else that Democrats. Also what will the Democrats want to maintain The unemployment benefit through the end of twenty twenty at the current level beyond that, however the Democrats want more money for test trace to contain corona virus, and the White House has held out against that because more money for testing trace exposes Donald Trump's claim that less testing means less cases. So why don't we just go that path? The Democrats also. One did not want to see liability protection for businesses. They think that's the wrong priority. Instead the money should be put into community development, getting more people into the workplace on a community basis in a safe way, and there's also another big difference in this that reflects trump's priorities, and that is that the Republicans, rather than providing unemployment benefits rather than trying to build up the safety net or providing tens of billions of. Of Dollars for schools that reopened with full class instruction from next month. The problem with that Donald Trump may be demanding that there is no online instruction at schools, but medical experts say it poses a threat to staff to children and to their parents. It also sounds like Americans can expect too. Many Americans can expect to receive some some chicks also as a financial stimulus something that is a donald trump approach as well. It's two things. One is okay. We dangled twelve hundred dollars to you and let's say if it's my parents. In a WHO retirees it's up and they'll be eager to vote for trump in November because they just got more money, but I come back to the basic point. If you're unemployed and again more than fifty one million Americans filed unemployment applications that twelve hundred dollars direct payment only covers you for three weeks of lost money from the fact that you're having declined benefit until you can find another job, so it's sort of more of A. A token effort by the Republicans doesn't really deal with the long-term economic situation, and really exposes I think the bottom line for the administration, which is even yesterday, Larry, cudlow the White House is top economic advisor was saying when we are having more than a thousand deaths today in the United States when we're now more than four point three million cases. It's okay we're on a v-shaped recovery. Guess what folks we're not, and we won't be recovered by November, when Donald Trump has his priority, which is getting a second term in office. Exactly, SCOTT'S A. Nice Republicans are they all united behind these plan? No their their blood, and in five. This is something that causes further complications. They can't just point at the Democrats and say Oh. Boo to you. You won't support our measures a number of leading Senate Republicans. Including the two thousand sixteen presidential candidate Ted Cruz have said they will not accept any stimulus package. That's it no more money for anything. Graham Donald. Trump's front has warned that there's opposition to any package and the confusion knots Republicans with so great that as the bill was unveiled yesterday. Senate leader Mitch McConnell the most important. Republican in the Chamber did not know that the measure still included the seven hundred and fifty million dollars for the new FBI building. What will happen next with this plan? Won't pass. The House remember the House Democrats have already passed their three trillion. Dollar stimulus package and they're going to say look. That's the one you have to deal that your baseline. Mark Meadows the White House Chief of Staff Treasury Secretary Steve Mnuchin. We're meeting House Speaker Nancy Pelosi Senate Minority Leader Chuck Schumer last night, so no deal with our plan, but the idea of slashing unemployment benefits by almost seventy percent of while protecting businesses from lawsuits. That's a no go for Democrats, so I fear. What you see is that as the unemployment benefits expire this week, you might have a short term extension. Of those benefits, but the Democrats will insist that it six hundred dollars per week. If the Republicans don't assist on that, this bill of theirs will not pass, and all those Americans who have been out of work, get nothing house of next week, and what to expect to happen with the US economy. The US economy is going to continue to. Be Stagnant and probably go downwards. Again, bottom line. Not Revive an economy. You cannot reopen as Donald Trump wants to say we'll save. America will be hashed had winning unless you contain corona virus, and the United States does not have output test. Try Test, trace and track measures to safely reopen. And therefore provide economic recovery that trump desperately wants within the next one hundred days, and what kind of a? East this for Donald Trump does he need to emerge from all this as as a winner to succeed the November presidential election? I'm going to be honest with you. Marcus I. don't Care What happens with Donald Trump being a winner. Don't care with Donald Trump's ego. Donald Trump needs to be put into a room away from all of this, because the hard graph that needs to be done, and this is beyond Republicans Democrats they do need to come together to talk about surviving this economic downturn about getting control of the virus, and when you have Donald, trump who? Is Unpredictable. Who is chaotic? Who is not exactly? Up to speed on what is happening he just stands in the way of anything productive whatever happens in November. Scott Lucas thank you very much for joining US

Donald Trump Democrats United States Scott Lucas Graham Donald Corona Senate White House FBI University Of Birmingham Professor Ted Cruz House Speaker Nancy Pelosi Mitch Mcconnell Chuck Schumer Marcus
Weekly $600 jobless benefit set to expire soon as lawmakers negotiate extension

WBZ Midday News

00:38 sec | Last week

Weekly $600 jobless benefit set to expire soon as lawmakers negotiate extension

"The White House has been pushing ahead toward a planned roll out of a trillion dollars effort from Senate Republicans on a Corona virus relief bill. However, House Speaker Nancy Pelosi Rogamos GOP disarray as time wasting during the crisis. The long delayed legislation comes amid alarming new cases in the virus. It was originally supposed to be released Thursday morning by Senate Majority Leader Mitch McConnell. But instead, he hosted an unscheduled meeting with Treasury Secretary Steve Mnuchin and White House acting chief of staff Mark Meadows. And delayed the planned release of the proposal until this afternoon, that is correspondent Julia Walker. The

White House Senate Mitch Mcconnell Nancy Pelosi Julia Walker GOP Acting Chief Mark Meadows Steve Mnuchin
"mnuchin" Discussed on WSJ What's News

WSJ What's News

08:11 min | 2 months ago

"mnuchin" Discussed on WSJ What's News

"Jerome Powell and Treasury Secretary Steven Mnuchin spoke before the Senate Banking Committee. Today on the economic response to the pandemic in his opening statement Powell addressed the toll. The pandemic has taken on Americans. Well more than twenty million people have lost their jobs and recent research shows that What others have also found if people earning less are the ones artist it is reversal of economic fortune has caused a level of eight is hard to capture in words as lives are upended amid great uncertainty about the future. Mnuchin says he's prepared to provide more money and take more risks on lending programs the Federal Reserve's created to combat the pandemic. He also spoke about efforts to get people back to work safely as we listened to medical experts. We are optimistic about the progress being made on. Vaccines Antiviral therapies and testing working closely. With the governor's we are beginning to open the economy in a way that minimizes risks to workers and customers. We expect economic conditions to improve in the third and fourth quarter and into next year. Joining me now with more details is Wall Street. Journal reporter Kate Davidson so kate before we get into today's testimony. Let's recap the actions taken by the Treasury and the Federal Reserve to shore up the economy so far somewhat different approaches. Here right sure. That's right into the Fed and treasury been working pretty closely together on some of these emergency actions that they've taken so far you know the Fed has come in and either revived or created some new emergency lending programs to essentially try to provide liquidity to the economy for big businesses and setting up some new programs for mid sized firms and states municipalities with the Treasury is doing on that front they're providing the upfront capital to basically offset any losses that the Fed might take on those lending programs and the Fed has also lowered interest rates to near zero. There are buying a bunch of bonds. That's obviously very much a central bank operation In on the Treasury front separate from their their coordination with the Fed there overseeing the development of small business lending program they've sent out billions of dollars in stimulus checks so there's a whole raft of measures that they're doing you know the messaging perhaps shifting a little bit now fed chairman. Jerome Powell has said that fat is going to continue to use all the tools at its disposal to support the economy. The trump administration is starting to sound a little bit different note saying that they want to wait and see how all of this money that Congress has authorized for them to pump out the economy. You know the effect that's having there's also been a lot of discussion about the limitations of these efforts whether they're being too restrictive for those who need financial aid. The most were Powell and Mnuchin asked about that by lawmakers today yes so the focus of the hearing was really about kind of the first programs that I mentioned the ones that Treasury in the working on together in Congress authorized about four hundred and fifty four billion dollars for the treasury to support these lending programs now. A big question here is whether the Treasury was going to be willing to tolerate losses. Sort of losing essentially. If they're willing to lose that money that had provided and the reason that's important is because that can kind of dictate how broadly the programs are going to be structured? Whether riskier borrowers are going to be able to access this money. And there's an argument to be made that you should make them. You know as broad as possible so that more people can get help more people and businesses who need it so you know some folks are concerned that maybe Treasury was was being too restrictive and that the money might not get to those who need it and Mnuchin basically said no treasury is absolutely willing to take losses and other words yes. We realized that that there are risky. Borrowers who need help. And we're prepared to extend that help at the same time as you say. Lawmakers and officials are including restrictions here to make sure. The programs aren't abused right. It was an interesting sort of contrast in the kind of highlighted the tension. Here with these lending program. So as you said you know on the one hand you had People concerned that they were not going to be brought enough others. For example Senator Elizabeth. Warren was worried that the programs should come with some more restrictions. A for example. You know limits on executive compensation for the leaders of these companies Management of these companies. That are seeking money from the government and their argument. Is this your taxpayer dollars? Companies should be allowed to use it to Give bonuses for example and there's a restrictions that Congress decided to impose on some other assistance programs for example loans to that stuff is in place and secretary Mnuchin essentially said you know if Congress wanted to impose those restrictions. They would have done it. That's not what was agreed to and so it's really not on the Treasury to impose those restrictions on the feds end. Were also still waiting. Some of their programs to get up and running. Did Jerome Powell provide any updates there? Yes so sort of these two big programs that really were were mentioned in the cares actors programs. The congress really wanted the Fed to set up this. They're calling the mean street liquidity facility. And also there's a facility for states and municipalities. He said that those should be launched by the end of the month or possibly early June so very soon the Fed has been working to get can do. These facilities can take a long time. There's a lot of technical requirements to set up. So they're almost ready to go and they should be able to start guaranteeing loans that banks are making As part of those programs very soon what other concerns did lawmakers express today? Lawmakers asked a lot of questions about that small business lending program wasn't the exact focus of hearing of this hearing is something that the secretary of the Treasury and the Fed chairman are going to have to be doing quarterly now to talk about this five hundred billion dollars that they received for these fed facilities separate from that however senators as a lot of questions. About how the Treasury is overseeing the distribution of these funds to small businesses have been some some delays. There have been some reports about a big companies getting money and so the secretary kind of kind of addressed a bunch of questions on that they also asked a lot about aid for states and kind of pressing the Fed Chairman and the Treasury Secretary to say whether additional aid to states is going to be appropriate to help prevent long-term economic damage if this downturn from the pandemic persists through the year possibly into next year. That's Wall Street. Journal reporter Kate Davidson and finally you wouldn't normally expect a cookie to benefit from something said by the president of the United States but Wall Street Journal heard on the street editor Spencer. Jacob says it has twice now on Monday afternoon. President Trump surprised a lot of people by saying that he's been taking the drug hydroxyl Corcoran which is mainly intended for treating malaria. Because he believes that it will prevent him from getting corona virus. Went out and Google. The drug often misspelling it and what a lot of them came. Up with was hydraulics. Hydraulics is a cookie. Actually predates orioles but looks tastes a lot like it. They were introduced in nineteen eight but they were discontinued in two thousand and three probably because they're called hydraulics and not orioles back in two thousand fifteen then candidate trump said that he would be boycotting orioles because the Bisco which makes them Was moving a bunch of jobs to Mexico and there was a brief boycott orioles movement. That's the same here that a company called leaf brands reintroduced hydroxy cookies. And they're still available. They saw a spike in search activity on Monday afternoon. And one of the main questions on the Amazon page where you can order them is will these cookies make America great again? It's tough to say but they definitely are gaining some fame again because of President Donald Trump. And that's what's news for this Tuesday afternoon. We'll be back tomorrow morning. If you like our show please rate and review US wherever you get your podcasts. I'm Ameri for totally for the Wall Street Journal. Thanks for.

Treasury Federal Reserve Jerome Powell Steven Mnuchin Congress Wall Street Journal secretary chairman President Trump Kate Davidson reporter president orioles Senate Banking Committee Amazon Jacob Google Senator Elizabeth
"mnuchin" Discussed on AP News

AP News

14:00 min | 2 months ago

"mnuchin" Discussed on AP News

"Treasury chief Steven Mnuchin has come under sharp questioning from 2 Senate Democrats about the virus response at a Senate banking committee hearing Elizabeth Warren said Mnuchin's not doing enough to force companies getting money under a virus relief package to keep workers on the payroll and when he would not commit to doing that you're in charge of 0.$5000000000000 you're boosting your Wall Street Mnuchin had earlier pointed to the high unemployment numbers as a reason to re open the economy the large number represents real people this is why it is so important to begin bringing people back to work in a safe why Sharon brown says it doesn't look safe to him how many workers should give their lives to increase in GDP or the Dow Jones 1000 quakes Mnuchin called that unfair Sager made Connie Washington

Steven Mnuchin Elizabeth Warren Sharon brown Mnuchin Sager Connie Washington treasury Senate $5000000000000
"mnuchin" Discussed on AP News

AP News

14:00 min | 2 months ago

"mnuchin" Discussed on AP News

"Treasury chief Steven Mnuchin has come under sharp questioning from 2 Senate Democrats about the virus response at a Senate banking committee hearing Elizabeth Warren said Mnuchin's not doing enough to force companies getting money under a virus relief package to keep workers on the payroll and when he would not commit to doing that you're in charge of 0.$5000000000000 you're boosting your Wall Street Mnuchin had earlier pointed to the high unemployment numbers as a reason to re open the economy the large number represents real people this is why it is so important to begin bringing people back to work in a safe why Sharon brown says it doesn't look safe to him how many workers should give their lives to increase in GDP or the Dow Jones 1000 quakes Mnuchin called that unfair Sager made Connie Washington

Steven Mnuchin Elizabeth Warren Sharon brown Mnuchin Sager Connie Washington treasury Senate $5000000000000
"mnuchin" Discussed on WIBC 93.1FM

WIBC 93.1FM

02:02 min | 3 months ago

"mnuchin" Discussed on WIBC 93.1FM

"Who may be in the Senate is to goal crazy maybe take a page out of the tea party both are good and hold the Democratic Party hostage until they do something on behalf of American people holy crap that's that's that's pretty intense you know hold people hostage I mean that's that's so that's some rough stuff no I must object to one thing and the idea that you know organise the tea party for for good what what what was supposed to do with that information what does that mean that you're going to use it for good what did the party didn't do good if you want to get incredible good what he didn't do was reduce spending in America I was there I'm one of those original guys that you can actually create a movement but what he didn't do was what it set out to do to that end the tea party failed I am not afraid to admit that I'm sad about it but I'm sure as heck Kanada afraid to admit it it did not do the job that that that is necessary it did not provide what was needed that's always was a shame we now see spending out of control always coronavirus we have to do more three trillion dollars last quarter hi I have got Mnuchin this is the secretary of the treasury man there is nothing in that and that he won't spend there's no end in sight what so ever we're going to be considerate and.

Senate America Kanada Mnuchin secretary Democratic Party treasury
"mnuchin" Discussed on Squawk Pod

Squawk Pod

08:19 min | 3 months ago

"mnuchin" Discussed on Squawk Pod

"I'm CNBC producer. Katie Kramer Today on our podcast Treasury Secretary Steven Mnuchin on the paycheck protection program that was intended for small businesses but his inadvertently extended relief too much bigger players. I never expected in a million years that the Los Angeles Lakers which. I'm a big fan of the team but I'm not a big fan of the fact that they took four point six million dollar loan. I think that's outrageous and I'm glad they've returned it. The Coronavirus Task Force member explains how federal stimulus efforts are working and not working. How the government will review large loans before granting forgiveness and how this crisis is unlike ones that came before but businesses had nothing to do with this. This was not bad business. Decisions like in the financial crisis is not over levered real estate. The Treasury Secretary says this time around government crisis response should also be different class. Brown University President Christina Paxson on getting back to school this fall students are still learning. It may not be under ideal circumstances but during this pandemic nobody is working under ideal circumstances. It's Tuesday April. Twenty eight twenty twenty squad. Pod Begins Right now. Good morning everybody. Welcome to Squawk box here on CNBC. I'm becky quick along with Joe. Kernan Andrew Ross Sorkin the paycheck protection program or the PC resumed yesterday with a new influx of three hundred ten billion dollars from the federal government. That is intended for small businesses for more on this right. Now let's welcome Treasury Secretary Steven Mnuchin and Mister Secretary. Thank you for joining us today. Good morning it's good to be with you. It's good to talk to you. You know I was hoping we can start with a little bit of a dive into how you see this program. What's happened there has been a lot of outrage out? There as people found out that some big companies had applied things. Ruth's Chris Steak House shake shack autonation. Some of their car dealers getting money in this program and there have been some reports in the media about big banks putting those big customers first in line ahead. It's small businesses. I know that you've come out and said that this is really intended for small businesses. That don't have access to the public markets. But I just wondered if you've had a change in your thinking on how this should be used as as this whole situation evolved as the markets kinda firmed up a bit or if this was something that you thought from the very Gecko and you think some of these big companies. Big Banks are are in the wrong and we're bad actors in this situation. What how did this evolve? Let me first say I. I really think the program has been an incredible success. It's impacted over thirty million workers so far and by the time we get through this funding. I think it will have impacted over sixty million workers which as I've said before is about half the private workforce supporting small businesses that was always the president in Congress's intention and that's what we're delivering on. I think it is. It is unfortunate that there's a small number of companies that have created a lot of publicity that took loans. I think it was inappropriate for most of these companies. Take the loans It was clear. There was a certification We don't think they ever should have been allowed to we put out an Faq clarifying the certification in saying that if they paid back the loans in two weeks so that we could reprocess that money they would have no liability otherwise they would have liability. And I I must say I'm encouraged by the number of people that have paid them back. I never expected in a million years that the Los Angeles Lakers which. I'm a big fan of the team but I'm not a big fan of the fact that they took a four point six million dollar loan. I think that's outrageous and I'm glad they've returned it or they would have had liability and let me just say I'm GonNa be putting out an announcement this morning that for any loan over two million dollars the SBA will be doing a full review of that loan before. There is loan forgiveness so we will make sure that what was the intent for tax payers is fulfilled here but let me say again the program overwhelming success a million of the loan so far or for companies under ten people. What do you think the impact has been in terms of trying to keep people employed have? Have there been people who have gone and had to file for employment or do you think that this program has saved a lot of people from actually having to do that has kept them in their workplace. I think it saved a lot of people and I think for those people that are on unemployment. It's going to bring a lot of people back matter of fact we're having a small business event at the White House today. Where unlike the Lakers stories? We're going to hear some stories of great small businesses who this really saved their business and I can tell you you know the number of emails I get from people who send on the stories of a legitimate small business that was about to close their doors that is either keeping their people on her rehiring. People were businesses that had to close their doors because the no fault of their own. The city shutdown business is going to bring back those people so as we reopened these companies will have the liquidity to pay. Their workers occurs to me that not every part of the country is dealing with this equally. There are a lot of states that closed down later than others and they're obviously others that are opening up quite a bit earlier. Are Any of these funds going to be directed to the areas that are most hard hit to try and make sure that the businesses that maybe have been forced to close a couple of months already and could continue to see Along closure would would those businesses be prioritized? What we're absolutely working on that and and we want to make sure that this money is getting to where it should be and let me say. I'm I'm highly encouraged that the average loan size is coming down. Matter of fact the average loan size in the backlog was less than a hundred thousand I'm also encouraged. Were on a call every day where we have over a hundred. Cdfi's that are making loans. We think we're going to increase that to four hundred so particularly in communities that have been hardest hit that we make sure that they get that money and we're going to do what we need to do to make sure that everybody is treated fairly in this program. Mister Secretary what you tell people who say. Look some of these big companies. Maybe should or shouldn't have tried to get this money. But do you blame the banks. The banks that issued these loans to then given the rules that you at spelled out or were the rules themselves not clear enough. The rules were very clear but let me also say the certification was a certification by the borrower. And one of the things we did is we wanted to make it very easy. The banks were really middlemen here and the banks were were not required to do the diligence. I really felt the borrowers who made these certifications. Now there were some banks early on who put things up on their website and prioritize their customers. We immediately told them that was wrong. They took it down so you know I wanted to be very clear. It's the borrowers who who have criminal liability if if they made the certification and it's not true and as I said we're GonNa do a full audit of every loan over two million dollars. This was a program designed for small businesses. It was not a program that was designed for public companies that had liquidity again. The certification was very clear in saying that if people had other sources of liquidity. They could not take this loan. Mister Secretary what do you say about those larger companies that maybe were turning those loans but the true effective it is that they're gonNA continue to furlough employees to the degree that this is an employment for all program shake shack is not necessarily going to now put people back on the on the payrolls whereas had they had access to some of these loans if you felt that they were a properly eligible despite whatever liquidity think they might have they may decide as a business decision not to bring people back whereas a lot of the smaller companies who would have access to this would bring people back knowing that they'd get the loan ultimately forgiven and we keep people in their jobs again? Let me just be clear. The purpose of this program was not social welfare for big business. The purpose of this program was to help small business. That's as small business program and it was meant for small businesses that didn't have liquidity. Now there are a lot.

Mister Secretary Los Angeles Lakers CNBC Steven Mnuchin Kernan Andrew Ross Sorkin Coronavirus Task Force President Christina Paxson Katie Kramer Brown University SBA producer Ruth White House Gecko president becky
"mnuchin" Discussed on WSJ What's News

WSJ What's News

01:50 min | 3 months ago

"mnuchin" Discussed on WSJ What's News

"Home restrictions. The protests are gathering attention but a new Wall Street Journal. Nbc News Poll Shows. Most Americans have the opposite view concerned. That governments will change. Stay at home. Orders to quickly journal editor. Aaron has more fifty eight percent of people in our survey say they worry more that the government will move too quickly and they'll be more Public health implication thirty two percent. No say no the greater worry. Is that the government will move too slowly and cause more job losses so people are seeing the greater risk to public health compared to the risks to further damage to the economy. We also asked about the presidential race. The political story seems pretty frozen. Donald Trump's approval rating is exactly the same as our sounding in March and is really in line with where he's been all throughout his presidency. This month forty six percent approve of how he's handling his job. Fifty one percent disapprove. That's identical to one month ago and pretty much what we've seen all year. Furthermore when we run test match ups against Joe Biden he's trailing Mr Biden by about the same margin that he has for the last few months in other words. The Corona virus has not changed anything that we can find in the structure of the support for either party or for president trump or his likely Democratic challenger. At least sixteen people are dead after a shooting rampage in Nova Scotia over the weekend. A suspect was killed in a confrontation with police. The shooting is the deadliest in modern Canadian history. Prime Minister Justin Trudeau spoke to the nation. My hearts go out to everyone. Affected in what.

Donald Trump Joe Biden Wall Street Journal Prime Minister Justin Trudeau Nbc Nova Scotia Aaron editor president
"mnuchin" Discussed on The Daily Show with Trevor Noah: Ears Edition

The Daily Show with Trevor Noah: Ears Edition

03:47 min | 1 year ago

"mnuchin" Discussed on The Daily Show with Trevor Noah: Ears Edition

"Every athlete has an advantage. Shek is so tall. He can put a ball in a hoop without jumping how is that fair? How is that fair? Forget busking ball. He could be the wolves best NHL goal. He's just my sitting there. By this. Logic shack should just have indeed inject himself with Kevin Hart to shrink himself down. Because it's not fair you too big shacks should be like took this bigger joke. Shen to make my seven killer smart about new plant. Got to that guy new pack, right, baby. All right. Let's move on to today's top story. Washington DC. A few years ago. It was as exciting as a radio show about podcasts. But these days the show much news coming out of the nation's capital. The fire hose of news has continued to flow. You might remember that about a month ago. Democrats in congress demanded President Trump's tax returns from the IRS. But last night's Steve Mnuchin Treasury Secretary and grownup neck loving told the Democrats they can go to hell breaking news tonight. Treasury Secretary Steve Mnuchin has just sent house. Democrats letter refusing their demand to turn over President Trump's tax returns Treasury Secretary Steven Mnuchin, refusing to hand over President Trump's personal and business tax returns to the House Ways and means committee in a letter to chairman Richard Neal Mnuchin writing he decided treasury can't give the documents saying he determined that the committee's request lacks a legitimate legislative purpose. Okay. So kiss your lost Mnuchin over here is saying that the IRS won't hand over Trump's tax returns. Because. The Democrats have invented a fake reason to see them. But here's the thing. Many legal experts say that the law is on the democrat side, if they have a reason they get to demont Trump's tax returns. It doesn't matter. If you think the reasons bullshit, that's just how it works. That's how America's laws work. A lot of the time is the same way a president can declare an emergency at the border just to get his wall. It doesn't have to be a real emergency. Yeah. He just has to say something he could just be like folks days. Mexican so dangerous so dangerous some of them can even come back from the dead into our land. I saw in a documentary called cocoa side. Dangerous. And it turns out this full grown ventriloquist's, dummy isn't the only Trump official who's in trouble with congress right now. House Judiciary chair Jerry Nadler, considering contempt of congress for attorney general William bar scheduling vote for tomorrow after far declined to provide the full on redacted Muller report by Monday. The former council for the White House. Don, Mcgann, he also faced today to turn over documents were to face a condemned of congress vote, contempt means going to the courts, and where we've seen that occur in the past. It can take months and months now if we go back and history congress actually has an inherent contempt authority. There's a jail in the congress in the capital, they could send out capital police are US marshals and arrest the attorney general in theory and put them in jail. Yeah. That human rights. The House Democrats on the verge of holding the attorney general in contempt of congress, which means technically he could get arrested. And I know it's extremely unlikely. But man, wouldn't that be exciting? Like, what are they saying this whole thing just ends in a standoff at the White House? The capitol police storming the Oval Office Trump these people taking a final stand. Like Scarface, you know. And then Trump just pulls out Jeff Sessions from a hidden joys say Hello to my little friend..

President Trump congress Richard Neal Mnuchin White House Shek president IRS Steve Mnuchin attorney NHL treasury Washington Kevin Hart Mnuchin Shen Scarface Steven Mnuchin
"mnuchin" Discussed on Opening Arguments

Opening Arguments

05:36 min | 1 year ago

"mnuchin" Discussed on Opening Arguments

"So which again, remember he got to this place there were subsequent investments. But with an initial investment that was steeply discounted in buying up the debt of K mart in bankruptcy. So neat trick. If you can get it. As it turns out, Sears owns more than just Sears stores. Yeah. They used to own all of the primary tool brands in the United States that you would recognize craftsman. Right. So they owned those brands they own obviously a lot of real estate. They owned lands end which lands end was my votive candle analogy, right? It was a very profitable business that was not affiliated in consumers minds with Sears. Right. The who would never shop at Sears with shop at land's end. All of those assets were spun off by Lampert under his tenure as CEO of Sears approved by the board of directors upon which Steven Mnuchin sits during that transaction at the same time Sears itself was going from worse to abysmal. One of the things that is the case. And so, you know, this is another analog of the K mart spending K mart under Lampert spending. It's cash to buy Sears rather than spending its cash to renovate it stores. Keep it going Brent. Well, the same thing Sears spun off land's end, for example, and then declared a dividend to shareholders at the same time that Sears is unable to meet some of its financial obligations to its vendors. So tiny little sidebar one of the things I didn't know about this. But apparently, this is true of big box department stores. They don't accept the product that suppliers shipped to ship to them cash on delivery. Right. I just always assumed that that was the. Case that you either that either Sears bought it first, and you know, either paid in advance or paid on delivery. But actually what happens is if you if you sell your products in Sears, you deliver them first and then Sears has a period of time. Right. Usually it's a couple of days by the contract to put them on the shelves and start selling them before they have to pay you back is it like sinement, but not quite. Yeah. It's that's not a bad analog. And as a result, a secondary business has popped up and that secondary business that's popped up. Our lenders that fill in that gap. In other words, the lenders by up the receivables due to the shipper from Sears at discount, right? And then receive the benefits of. Of those receivables when steers pays about, right. So those that little gap there is filled by a pretty significant niche as just like a shows Herm quick loan like they want their money faster. So they'll pay a little bit of a tiny bit of premium on it that is exactly right. And so that those short term lenders choose what they're going to charge based on how likely they think they are to get paid by the big box company. Right. And as this is going on the the evidence shows, so this is paragraph one fourteen for example, that since two thousand and nine Sears days payables outstanding an aggregate measure, the number of days, Sears was able to defer vendor payments had been significantly below that of Sears peer group and Jen. Declining the decline in the DP, oh from twenty ten to twenty fourteen represented a loss of more than two hundred million dollars of trade credit from suppliers of goods. So let's unpack that a little bit right? This these credit suppliers look at it and go, okay? You're Sears were scared that you're not gonna pay us, and we just bought up all of this accounts receivable. So we're only going to enter into these contracts if you pay more quickly or we're going to require the sellers we're going to buy it at a lower rate from suppliers right? Well, and look like some suppliers may say, okay. Well, I'm over a barrel. I'm either on the shelf at Sears or I'm nowhere. But lots of suppliers like say, you know, clothing manufa, mainstream clothing manufacturers appliances, all the stuff that's on the shelf at Sears. If they're not on the shelf at Sears that could be on the shelf at WalMart that could. Be on the chef at target, right? And those suppliers if they're like, well, we're getting eighty cents on the dollar from Sears..

Sears Lampert United States craftsman Brent Herm CEO WalMart Steven Mnuchin Jen two hundred million dollars
"mnuchin" Discussed on Opening Arguments

Opening Arguments

04:04 min | 1 year ago

"mnuchin" Discussed on Opening Arguments

"Then the question becomes if you're really smart and really evil, and you want to steal money. How can you get away with it in an era in which computers are tracking you and that brings us to this lawsuit. Does that bring us to don't take fraud advice for? Yeah. Please do not take insider trading advice from this podcast. So what lamp is alleged to have done is is is complicated on the surface? But I think not that hard to understand once you start unraveling it so to get there. Let's talk a little bit about corporate duties of loyalty, right? When you are on the board of directors of a company, right like Sears. Or you're the CEO of Sears as Lampard is. Right. So Mnuchin is on the board Lampert is the CEO when you are in that position of a publicly traded company. You have a duty of loyalty to the corporation. We've talked about that before. Right. And the classic examples. Here are self-dealing, right? Like, you can't say. Oh, I think that a great expenditure for this company would be buying portrait's of myself to hang up as artists art in our corporate boardrooms, you can't do that because that while the inflated prices, you can't do that. Because that kind of self-dealing means that you are acting in your own best interest and not in the best interest of the company. Typically as a shorthand we've called that the duties to the shareholders right because when you think about a publicly traded company those assets beneficial assets are owned by the people that own the stock of the company. So are you saying that I shouldn't have made opening arguments Elsie by my extensive collection of Senate candles that I I it's a really good comedy purchase. I'm saying, it's we need more scented candles, and I wa do we need twenty thousand. I will use them eventually. I I think maybe you, and I need to have a conversation about rolling out some opening arguments merchandise top things may be away scented candles, right? Like in the in the nice blue could smell like the law. I think yeah. We can do the scent will be called proven in a. That's not gonna hit. Is such a joke. I love it emerged store near you. Okay. All right. So right. So we've called that like you were duty to your shareholders. Right. You can't take profit away from the business and give it to yourself. What are the things that? You don't have in the ordinary course as a officer director CEO of a publicly traded company is you you don't have duties to the Bank, right you because a company gets money in primarily two different ways. Right. It gets money. It can raise money by the sale of stock to shareholders, and it can also raise money by borrowing that money from creditors and the way in which that works is, you know, as as as you well know, the the stockholders share in the fortunes of the company the company does well stockholders do well company does poorly stockholders do poorly. Creditors. Don't write the creditors are just lending you money at interest to be repaid. Sometimes those creditors are secured by assets that the company owns right? The company owns machinery or land. Or something you might, you know, get a mortgage on that land. And then get money that you can use to then funnel into the business. But but by and large does it make sense that that if you are director officer, you have a fiduciary duty to the shareholders..

Lampert CEO Sears officer director CEO fraud director officer Lampard Elsie Mnuchin Senate fiduciary
"mnuchin" Discussed on Opening Arguments

Opening Arguments

03:10 min | 1 year ago

"mnuchin" Discussed on Opening Arguments

"You can't buy right like he could very easily charter a private jet for himself and his new bride anytime he wants. But instead of doing that he has charged to the American tax payers almost a million dollars eight hundred thousand dollars to take seven military charter military aircraft for things like viewing the 2017 solar eclipse flying to Europe for his honeymoon and other trips with his thirty something actress wife in tow, so you know, just all par for the swamp course in Trump land. But but there's some other this is all background about to get to the lawsuit. But there's this fascinating stuff. Once you once your hip deep in the swamp. Did you know Steve Mnuchin was probably the only guy to make money off of Bernie Madoff. Really? Yeah. That's interesting. I've oftentimes those Ponzi schemes you if you get in early and then get out you actually do make money because they have to keep the Sharada going. So like, yeah, you can occasionally people can get lucky on those Ponzi schemes. Yeah. Except that Mnuchin did so in the boast evil manner possible. Great. I can't wait to hear. Because of course, he did turns out Steve Mnuchin is mom was a long time investor with Bernie Madoff. Now, I wanna point out something here. Steve Mnuchin got his job at Goldman Sachs because his daddy worked for Goldman Sachs. Right. So Stevenson's mom married to an investment banker has a son who is a famous investment banker later hedge fund manager later secretary of the treasury. I you'd think the wife of a Goldman Sachs banker who son is a big shot. Hedge fund manager, you think that that person might not get taken in by Ponzi scheme, you'd be wrong. And so Mnuchin is mom died in two thousand and five and as far as I could tell the first thing Steve Mnuchin did was immediately liquidate all of the made off stuff. So, you know. You could infer a lot of things from that. But the biggest thing I would add for is a great like now, I finally get to pry this money away from the scammer that I didn't advise advise my mom not to. Yes. With back that or alternatively I found out I get look there. There are lots of inferences one could draw. I don't think any of them are positive, but I'm just surprised that Mnuchin it sounds like you're saying he didn't make his three hundred million dollars from just working really hard like a couple jobs and like putting himself through college. I think for mitt Romney's, dad. No, so right. So he cashed out in two thousand five in the made off lawsuit. Mnuchin was was named the trustee there tried to get the money back from Mnuchin as a fraudulent transfer. But the court ruled that they cashed out just in time. They said a borrow years..

Steve Mnuchin Goldman Sachs Bernie Madoff Ponzi scheme Europe fund manager investment banker mitt Romney treasury trustee Stevenson secretary eight hundred thousand dollars three hundred million dollars million dollars
"mnuchin" Discussed on Opening Arguments

Opening Arguments

03:07 min | 1 year ago

"mnuchin" Discussed on Opening Arguments

"And I mentioned the journalist who was held in contempt in connection with the Valerie plame leak. And the fact that she refused to divulge her sources, even though right? Everybody knew the information that that came out. It was still part of the principle of the thing. I was right about all that stuff. The the malapropism was that journalists is Judith Miller, and I called her feminist philosopher and hero to Butler. So Judith Butler stuff is great. And that's why it was on my mind of Judith Butler has not served time in prison. And and so I go both both Judas and apology for having gotten that wrong. Bunch of people wrote into. To correct me on that. And and I appreciate it that that was just one of those. I'd actually was I I had read up Butler article like a week ago, and it was just you know, just tongue twister someone who was the worst. With names. I can't even begin to feel any sense of superiority over you for this particular into is wrong. Normally, I try to gloat a little bit just to just gain some emotional leverage on you. But now this time, I I don't even. Let he was without sin cast the first Judith Butler. 'cause I yeah, that's that's my favorite kind of Andrew was wrong that that's a good one. I like it. I would say my all time favorite is probably hookers and flap jacks. The all time great of ever Andrews drawn. But this is similar to that. I I have gone back, and I have watched that. Episode. I swear bender says flat. Okay. So so good. All right. Well, that that fun side. It is time to descend into the swamp. You know because Trump hires the best people, right? He knows all the best people. He's gotten rid of all the corrupt ones. And then so let's look at one of the best people that he that he put in to to Washington because I was what he was there to do. Right. So Steve Mnuchin. Yeah. Brand new lawsuit. That was just filed against Steven Mnuchin who is still Treasury Secretary it. It's it's interesting. How the folks that have lasted in the Trump administration, and you know. Yeah. As you as you pointed up, former Goldman Sachs executive, so you know, exactly the kind of middle America drain the swamp personality that you would expect to. Yeah. It isn't mazing to see who's lasted. It's like the difference between okay who is evil, but has some sense of dignity versus who is evil with absolute. We know sensitivity yet. Are you? Stick. I absolutely think that's a distinction. I also think look Mnuchin came in to do one thing..

Judith Butler Judith Miller Trump Steven Mnuchin Valerie plame Goldman Sachs Judas Andrews Andrew executive Washington America
"mnuchin" Discussed on WMAL 630AM

WMAL 630AM

12:56 min | 1 year ago

"mnuchin" Discussed on WMAL 630AM

"Russia's week in review. I wanted to be here today folks, just gotta mix minus problem. The can you hear that in their in the problem? We are in the process here of over whatever we're going to do here. Explain this snafu to you, which we're having temporarily work around. I was gonna stay. I'm not gonna let any government shutdown keep me out of here. And I'm not going to let the network make closed if I want to be here. And I definitely wanted to be here with everything going folks, I safe to say in thirty years of doing this program. There has never been a month of December like this. There has never been a Christmas season like this. And there has never been a Christmas Eve like this with this much important news going on. And I was reading all weekend that I was going to miss today because the arrangements you already made and what we have started to do here. We're going to remodel and upgrade some of our tech equipment here. Both in the studio and control room on the other side of the glass, and they started working on. Over the weekend. And I come along and say, look, and they asked me what are the odds are going to be here on Monday before we start ripping things apart. Not very good. Can't imagine it. But then yesterday, I said, you know, what I gotta come in. So they had to stop what they were doing and try to put it all back together. Again, just to get ready for me here today, it's going to be at least a week or maybe a two week project to do the tech upgrade to some furniture stuff involved too. So there was a little snafu here at the beginning. I was hearing what I was saying a split second later, it's like an echo, and it's it's gone away. But have I lost talk back here? Everything's fine. Everything's fine. So you guys screwed up at first, and we didn't know of right? It was always New York that screwed up. All okay. New York screwed up because we don't know who New York yesterday. So. Well, yes, Slough it off on New York, anyways, all up and running. Now, here's the phone number. We're gonna hope to chat with you on the phone today. Eight hundred. Two eight two two eight eight two in the Email address, elrushbo eibnet dot US. This shutdown is obviously a top priority subject. I just need to reiterate some things about it. We're hearing that it's not going to be resolved until the new year. Democrats have no incentive really to solve this until they take control the house of representatives on I think January third, but I I want the president to hold firm on this. This shutdown is one that the Democrats on this is this would be very easy to resolve. And they don't wanna do it. They don't wanna do it. Because I'll tell you. If you look at the media to the Washington Post today CNN, I folks they have Trump gone in three months. They think this is going to lead me to the next subject. We're going to dissect here today. They believe in three months. They will have fractured. Trump's base. I e you they think they will have split Trump's base. And I'll tell you why they think that they think that Trump has made an incorrect terrible error by firing Mattis and pulling his out of Syria. The Trump base is made up of two distinct types of voters the so called populists and standard ordinary everyday conservatives and the populace don't mind getting out of Syria and the populace don't mind the secretary of defense give the populace don't mind having power taken away from bunch of political generals, like Madison McMaster, and so forth. But there's another part of the Trump coalition, which is conservatives who believe in an active foreign policy, and you know, I'm sure you've talked to a lot of people don't like the fact reporting out of Syria that we're abandoning the Kurds were abandoning allies. This is not good. The drive bys and the official Washington permanent residents. Believe this move by Trump has the potential to split his base. Remember when I said that Trump cannot be destroyed by the media because they didn't make him. And this is by the way, this is true. The media makes you they can destroy you. If they don't make you they can try to destroy you. But they can't if you become a success. And all the media does is reported and acknowledged it has no role in it. Then they can't harm you. Well, they can't they can't destroy you. But if your success is knowing fully to media buzz and hype like if you do a radio show, but it's not number one. But they treat you like it's number one and everybody thinks you're number one. But you're nowhere near number one. If they turn on you. Then the fact that you really number ten is going to be revealed and your finished. Well, I've always said that the media really can't destroy Trump only he can. And there are some who think that he's now done that with this immediate withdrawal from Syria. I'm sure, you know, people that voted for Trump that don't like this at all. And I'm sure, you know, people that voted for Trump who don't have a problem with getting out of Syria and withdrawing half the troops out of Afghanistan. I'm sure, you know, some people think oh my God. Firing Mattis big mistake. And I'm sure, you know, some Trump voters, you don't think it's any big deal. So that subject I will explore and explain to your heart's content. The other one is the fed the stock market and Mnuchin. This one has a whole different group of people concerned when Mnuchin started calling the banks you heard about this Mnuchin Steven Mnuchin is Treasury Secretary and out of the blue he announced that he'd been calling six CEO's or let me better say it CEO's of six of the largest banks in the country. And his point was to ask them. What their liquidity was not these economics people speak in their own language, and it's designed to keep outsiders. I'm not understanding what they're talking about. When Mnuchin the credit sky is not falling phone calls is made and reported. And when Mnuchin is checking the CEO's. About their liquidity. And assuring them. There's liquidity what he's talking about is credit. Do people have enough money to lend because nobody can do anything sizable without borrowing money. So Mnuchin wanted to call these banks get a check on their liquidity and assure them that there was liquidity at the fed that borrowing and credit would still be up and running nothing's gone south in that regard. But it's being treated as though an owner of a sports team giving him a coach or manager a vote of confidence relatively certainly is going to be fired not long after. So people thinking why would Mnuchin do this Mnuchin did once everybody think the sky isn't falling? So he's phone. Call indicates that it is. This is created a sense of panic in the market that accompanies. The fact the stock market is down four thousand points since early October now below twenty two thousand. And it involves the fed and the usage of interest rates. This is another by the way. This is another issue kind of light Syria and Mattis, there are Trump voters who actually think it's okay for the fed to raise rates. Because it's stability that they care about their other Trump voters who think that it's sabotaging Trump to raise rates because it stalls. What is a growing economy, which will automatically hurt. Trump. The one thing that runs true in all of this is that the effort to destroy President Trump is in full swing. It's being waged on many different fronts. It has eventuated. Now that many in the drive by media think it is a foregone conclusion. It's just a matter of time now. And as I mentioned, the Washington Post gives Trump three months, and by three months, they mean, three months until this coalition is fractured to the point that the Senate might have sixty seven votes to impeach. If the Senate the House Democrats actually bringing up impeachment charges now, don't misunderstand. I don't get it. This is true. I just think this is their mindset this has been their objective for two years, and has all they see is destruction all around the stock market foreign policy. They think Trump is goofing up left, and right, and they're happy for it to be screwing up. They're happy for this to happen. As long as they can it on Trump like anything else, the Democrats will destroy whatever or weak in whatever as long as it empowers them to so-called fix it later. And there are even some. Really out of control leftists who would willingly take a financial hit. If it meant getting rid of Trump. I don't think we're we're near that. But I'm just telling you, that's what they think. That's why they're in such good morning. When you watch the drive by media think it's over just a matter of time now and to the top of their list is the government shutdown. They are convinced that most Americans objected this don't like this, and by tradition blame Republicans that would be Trump for this. And they think Trump is just swerved into a self destructive move here and so forth. Whether it was a good move or not irrelevant. Now the point is. Well, I think it was a good move. I advocated it before the midterm elections, as you know. But the president wasn't listening to me. However, I got a note from cooking or day before she prepared the audio sound bite roster. And I'm going to read this Email. Cooking is a production director, and she scours all of this stuff day in and day out to produce the audio soundbites which appear on this program. Dear rush this weekend. Could be an all time record for rush mentions almost did a whole Q sheet that was just sound bytes about you. But then I decided I had to mix in a few good ones from other people because like you say, you don't like the show to be about you. But if you wanted to be I have forty sound bites today that mentioned your name that blame you that essentially say you are running the country, I could have done forty bytes. But I just picked the most interesting and plus a montage, of course. All these senators and congressmen whining about a guy on the radio. It's unbelievable. It's still all about you though. Anyway, because they're convinced you caused the shutdown that you are running the country, and you are the president except for some people who now think that what makes this even worse is that you're nothing, but an entertainer. You know, we go back and forth on this. What would you depending on the day, depending on the issue? I'm titular head of the Republican party conservative move with the next activate Sherston entertainer. When the effort for thirty years, it's been that that cycle. So to give you a flavor here is the Montauk audio sound bite number one. And it's the exasperated drive by media convinced that I am running America this people from NBC CNN PMS NBC Republicans strategic syndicated radio host. Oh, really? Really? Syndicated radio her I'm being turned on even by brethren in the business here, and there's some bloggers. So anyway, here it is. This is one we don't I'm not playoff forty. I don't have all forty, but I'm the vast majority Q sheet here today is me every gosh Limbaugh is in control of the government..

President Trump Trump Syria Trump coalition Steven Mnuchin Mattis president New York fed Washington Post Russia Republican party Slough Senate CNN
"mnuchin" Discussed on Anderson Cooper 360

Anderson Cooper 360

04:27 min | 1 year ago

"mnuchin" Discussed on Anderson Cooper 360

"Treasury Secretary Steve Mnuchin phone calls. So those big banks over the weekend. They weren't interpreted as a market friendly move on munitions part a source familiar with the calls. Tell CNN. The CEO's were baffled that the call came out of nowhere with Mnuchin asking about whether the run eating liquidity issues with these banks for the record the Bank said no investors, those they spent the day trying to wrap their heads around wide Mnuchin made these calls out of nowhere. Putting out that statement about liquidity. The timing really is curious munitions vacation in Mexico Christmas around the corner, there's a government shutdown. So usually when you get a kind of calls like this. There's an emergency. It's reminiscent of those emergency liquidity calls that were made during the financial crisis. While it's normal for a Treasury Secretary to to exchange ideas with banking executives the timing's, not sitting well with investors because it's raising the question of whether the treasury department. See something brewing the economy that maybe the market is missing Danna. Yeah. And Alison the notion of him making the call is one thing then putting out a statement saying he made the call without an explanation about this liquidity question that people weren't even questioning with lots of. Fusion led to what happened where you are right there in the stock market today. Elson thank you so much. So why did Treasury Secretary Steve Mnuchin make this curious call to Bank leaders, let's go to CNN's White House correspondent Boris Sanchez for some answers Boris? What are you hearing any possibility that the president asked him to make those calls put out that statement? Mill clarity on that. Just yet, Dan. But what is clear, and what we've heard from sources is that the president is frustrated with the economy, and specifically with his Treasury Secretary Steve Mnuchin, we've heard that the president has openly broadly complained that Mnuchin is not doing enough to stabilize the markets. Now, President Trump as you know, Dan, has staked so much of his reputation so much of his branding on a roaring American economy. And watching the numbers this December has clearly made him upset. So perhaps what we saw this weekend was Steve Mnuchin try to compensate try to make up for those diminishing numbers, and perhaps overcompensate on that call you were just discussing with Allison one source familiar with it says that of the belief among the CEO's after it ended was that he was simply trying to assert himself during a volatile market. But clearly it did the opposite Mnuchin on vacation apparently trying to see him engaged as the downfall. On the stock market continues. The question, of course, is how will the president respond to this today? You saw him blame the fed. It's unclear that he is going to look at what one CEO apparently on this. Call mention which is the turmoil here in Washington questions about this shutdown. How long it is going to last and questions about the president's approach to his fed chair? Jay Powell that continues to linger and clearly it is affecting markets should note. The president also tweeted that he is here at the White House alone. Saying pour me as he awaits for Democrats to return on Thursday to continue a conversation about how to reopen the government data. Boy, thank you so much. Well, the president is going to be joined in a little while by his wife and youngest son who are on their way back from Florida to to Washington to be with the president on Christmas. But there's no sense that there is any movement on another thing that is clearly contributing to the volatility in the markets, and that is the government is partially shut down on this Christmas Eve, the third shutdown this year for President Trump. It's hitting eight hundred thousand government workers hard during the holidays are either laid off or still working but not getting paid as this impasse continues. And let's get straight to C N N's senior, congressional correspondent Manu Raju. So mono as I mentioned, the first lady is on her way back to be with the president who is home alone as he put it in the White House. I'm just seeing images in my head of this. But we'll we'll we'll move move on from that. But there. Isn't an negotiating going on? He blames the Democrats. Yeah. In this is much different than we've seen shutdowns password. The president would call and leaders of congress get try to at least make. Public image of trying to cut a deal..

president Steve Mnuchin President Trump CEO Mnuchin CNN Jay Powell Dan White House treasury department Washington Manu Raju Boris Sanchez White House correspondent Bank Danna
"mnuchin" Discussed on WLOB

WLOB

01:32 min | 2 years ago

"mnuchin" Discussed on WLOB

"Country yeah it's a disservice to the country because you've been fair and neutral and very very objective in your search for the truth right congressman adam schiff incidentally make no mistake he is a hero to the left to he is a big big hero they love adam schiff i made the i had the unfortunate mistake of coming across a video last night online of treasury secretary steven mnuchin trying to give a speech at ucla have you seen this video it's it's incredible so he's in a lecture hall and he's talking about of course about the economy he's talking about and he's getting grilled by a moderator obviously a liberal guy that was was very very tag mystic towards mnuchin but that's okay mnuchin could hold his own but what was fascinating was the behavior of the college students at ucla this is the new technique and it is so comical watching people embarrass themselves like this is so funny they hiss so every time mnuchin name came up you'd here since he's from the audience and you can see mnuchin is looking out like what what are you people doing and then of course there is there is the inevitable outburst from three angry young women who stand up and start screeching adam yaro war criminal bothered me and just doing their speech it's so embarrassing to see people behave this way and when but at.

adam schiff ucla mnuchin congressman steven mnuchin
"mnuchin" Discussed on WLS-AM 890

WLS-AM 890

02:29 min | 2 years ago

"mnuchin" Discussed on WLS-AM 890

"Not kidding me me switch it up there any treasury secretary steven mnuchin was on the television with chunk yesterday on the once respected meet the press television show now sometimes known as face the meat but as combining face the nation on meet the press of course every schoolchild knows that steven mnuchin wild chunk is yelling at him about how the president doesn't support democracy because he called me a name and again on msnbc they've called trump hitler stalin mussalini uh pol pot they've compared him to all of these barbarous murderous dictators and it was barack obama that assassinated american citizens overseas muslims all moslems that he chose from his facebook of death it was barack obama that behave like a dictator using the irs to target the political enemies of the democratic party apparently using the fbi the department of justice maybe the cia the nsa to target political enemies the fis a court in the fis of process to target his political enemies who is the dictator now her where's your moses now steven mnuchin yesterday on with chunk we should be focused on a week of policies and if you're saying that if that's what we should be focused on why can't the president focus on that's are i think the president has been very focused on that edgy tall yes last night's speech i focussed speech on that that's where he called junk s o b is seen not every moment not every word he utters is about the economy chunk because unlike you he can walk on chew gum and skate tonight and and chew gum nicon whipple last so around he can do a lot of things at once chunk is very thin skinned took it very personally and of course the treasury secretary is just being beer rated by little chunk and just just amazing and it's like well chunk we could they didn't talk about the economy for a second not for a second with the treasury secretary talking about chunk being called a name poor chunk chunk chunk chunk chunk and treasury secretary mnuchin yesterday so we saw covering the campaign rallies do you think it's a mistake then for us to cover them at all.

president barack obama irs democratic party fbi cia steven mnuchin department of justice
"mnuchin" Discussed on POLITICO's Nerdcast

POLITICO's Nerdcast

01:50 min | 3 years ago

"mnuchin" Discussed on POLITICO's Nerdcast

"But i don't have enough time to enjoy the city we'll be right back with more of my conversation with treasury secretary mnuchin but first a word from our sponsors a message from morgan stanley when it comes to investing the methods people used to make choices often aren't rational group thinking and confirmation bias can subconsciously impact your approach for example some research shows that people prefer stocks that have easy to pronounce ticker symbols acknowledging in overcoming that bias helps you make him more informed investment decision thoughtful decisionmaking and following the data can help you maintain intellectual independence here the full podcast and morgan stanley dot com slash h e r d morgan stanley and co llc member sipc route let's get into the tax plan for a minute without having a people's eyes glaze over biggest knock on it from democrats from uh some people in the financial community elsewhere is that they're tax cuts that are tilted towards the wealthy particularly if you're getting rid of the alternative minimum tax and the estate tax so question is how do you fix that problem at why not just you know forget about getting rid of the estate tax and the alternative minimum tax focus on getting the corporate rate lower and then rates for average americans lower uh what is the best way to go about convincing people that this is not a tax cut for the wealthy inc's at the expense of middle income well let me just comment on the chew priorities of this or one creating a meal income tax cut into making a competitive business tax system we have one of the highest.

morgan stanley alternative minimum tax estate tax wealthy inc treasury secretary income tax
"mnuchin" Discussed on WWL

WWL

01:47 min | 3 years ago

"mnuchin" Discussed on WWL

"Says scoot i'm telling you of this is about the squirrels i'm telling you they're going to plead insanity because they're nuts and here's a tax been out of town can you please catch me up on the squirrel situation you know i've got a number of text like that people tuning in and they've been gone for the last couple of days i will bring you uptodate after the news at two at three o'clock i've often talked about entitlements in how wrong it is to have an entitlement mentality and have also tried to share with you examples of those with money who think that they are entitled to things entitlement mentality is not something that is just four those with less income for those with less steve mnuchin treasury secretary requested the use of a government plane for his honeymoon in scotland france and italy earlier this summer he just got meritous putt blonde effect of a model from from scotland the cost of the the plane twenty five thousand dollars per hour they went to scotland france italy and of course they had to come back so do the math on that abc was the first news outlet to report this mnuchin request took place last month and is being investigated now by the treasury department's office of inspector general so what this guy gets to be treasury second what you think you in tight first of all this guy's a billionaire and he thinks he's entitled because he's treasury secretary of get the plane ready it will take.

treasury secretary france scotland abc treasury department steve mnuchin italy scotland france italy twenty five thousand dollars