35 Burst results for "Steve Mnuchin"
Harriet Tubman on the $20? Treasury to move forward with effort
"The Treasury Department moving forward to get Harriet Tubman on the $20 bill, former President Trump was critical of the Obama era plan. Ex Treasury secretary Steve Mnuchin delayed the implementation until 2026. But the White House's president Biden steams, exploring ways to speed up the effort period. Tubman was an abolitionist activist. We'll rescue slaves in the Civil War
Biden administration to move forward with Harriet Tubman on the $20
"Department's working to get Harriet Tubman on the $20 bill. Former President Trump was critical of the Obama era plan. Ex Treasury Secretary Steve Mnuchin delayed the implementation until 2026 for the White House says President Biden's team is exploring ways to speed up the effort. Harriet Tubman was an abolitionist and activist who helped rescue slaves in the Civil War era.
Protection of Personal Data in Blockchain Technology
"Zor. Res- asks what do you think about. Privacy designed blockchain so. It's kind of interesting because these blockchain's are sort of under attack. I guess you could say from regulation right now. A melted mirrors actually talked about this in the episode that he did with her and lynn alton Where she said that. That's kind of the main thing she'll be looking out for twenty twenty one and i think You know we at this moment that i'm recording this. We only have rumors about what type of regulation it was that Treasury secretary steve mnuchin wanted to put on crypto right. Now because i think actually you privacy coins were in the crosshairs and this was something night. Jessie liu who came on unconfirmed talked about She was the what was it. Former attorney for dc. She's prosecuted a ton of cases are around some of the biggest ones involving illegal. Use bitcoin and via actor state actors like north korea or by the child porn website in in korea. Welcome to video. And and some of the other big criminals like terrorists and stuff and weight point. Is she highlighted by a something that she was noticing in. I can't remember it was the dot enforcement framework actually and I do think you know this is going to be something that comes up again because brian brooks the action control of the currency. Also kind of you know. When i asked him about what how he thought the. Us might regulate privacy. He said oh well you know the. Us is different from other countries because we're We're the victims of terrorism or or were subject to terrorism or something like that and he said that he thought people would be willing to make a trade off for that. Which i thought was very interesting. A really was curious to know what the crypt communities reaction was to that comment. But yeah so. I think we're going to see that kind of come up as a battle and i actually. I would be surprised. If in the end there wasn't some way to have Blockchain side feature privacy prominently because in a way. I can't imagine the technology really taking off in all the ways that it could take off if there wasn't such a feature and you even see that like in a forthcoming episode. I have unconfirmed. It's a panel discussion but there is somebody from the federal reserve who talks about building systems for central bank digital currencies. Who says you know flat out like you can't design these systems unless you have privacy you as a consideration from the beginning he said it cannot be an afterthought and and he's talking about for central bank digital currency so. I really do think that you'd at least some of these vaccines will have to feature it prominently and i. I don't think that we're going to end up with blockchain set it at all. I would be surprised on a long enough time scale. I do think in the in the beginning. There might be a bit of a battle. But i think after we got real adoption then i would be very surprised if we don't start to see more privacy
US stocks open broadly higher as trading for 2020 winds down
"Boosts optimism in one of the final trading sessions of the year. Tech shares were among the best performers in the S and P 500 stocks are pushing to new highs today. The drive to get $2000 stimulus checks to Americans remains bogged down in the Senate Majority leader Mitch McConnell blocked an attempt to set up a vote on a house passed bill. It would boost the payments from the current $600. Some people may have received those $600 stimulus checks last night, U. S Treasury secretary Steve Mnuchin tweeted that the checks could start arriving in some accounts by direct deposit as early as last evening. He said paper checks would start going out today. And just like last time, you can use the iris website to check the status of your payment. Meanwhile, unemployed people claiming federal
Cheques, imbalances: Americas fraught stimulus
"America's house of representatives passed another version of stimulus bill yesterday. This one promising. Two thousand dollar checks to the majority of americans use would make a difference in the lives of americans who are facing the greatest uncertainty that they've experienced for many of them in their lifetime. It's unclear if the measure will pass in the senate making it yet another twist in a last minute. Saga to provide economic assistance to millions of struggling american workers and businesses the original two point three trillion dollar spending package included nine hundred billion dollars for pandemic relief in addition to funding the federal government for the next year. They was hastily negotiated in the run-up to christmas by a bipartisan group including president. Trump's treasury secretary steve mnuchin but after it was passed by the house and the senate. Mr trump criticized the bill saying it didn't do enough to help. Ordinary americans in really is a disgrace for example among the more than five thousand pages in this bill in the end. He didn't make good on his threat to veto the legislation on sunday but he demanded another congressional vote on increasing the value of the stimulus checks. A measure supported by many more democrats than republicans. I worry that this wapping four. Hundred and sixty. Three billion dollars won't do what's needed stimulate the economy or get the jobless back to work. Whatever the outcome the relief couldn't be more needed. Government has been deadlocked on the matter for months and in just over three weeks. It'll be president. Joe biden who inherited the budget. The stimulus plans and the problems brought about by all the footdragging. Congress rarely compromises these days injuries. Cologne is the economists. Washington correspondent and it was truly a compromise measure. That will do some good I think for the american people. So what's in the bill actually been passed by both houses and signed by president trump. the new sumo's spill that president trump signed into law includes a couple of important provision. One of which is another round of direct checks civil. Go to americans. These are going to be half as big as the ones that were passed in march so these will be six hundred dollars per person as opposed to twelve hundred and there's also going to be a new federal top in unemployment benefits. Most americans have beginning six hundred dollars a week until those benefits expired back in august. The new benefits are going to last for eleven weeks and they will be about three hundred dollars per week. And there's a few other things it's very long. Bill is fifty six hundred pages. Almost that was negotiated very much at the last minute. Among the more important parts are another three hundred billion or so which are going to be allocated for the payment protection program which subsidizes businesses to make sure that they don't have fire people and why the president trump had Such a hard time signing why the delay. That's an interesting question. Depends on how generous he wanted to the president. Many people pointed out the seeming lack of logic about refusing to sign a bill that had been negotiated with his administration. Nancy pelosi of negotiating with steve mnuchin. The treasury secretary about the contours of the bill and this compromise was was forged with mitch. Mcconnell the republican leader in the senate there had been little indication before the bill was actually passed that donald trump had match of objection to it wants. It came to his desk. He thought of the bill was pathetic and that it needed to have much more generous person check but ultimately donald trump decided not to hold up the bill and and this is a relief package that americans have really been waiting some time for. Yeah absolutely the initial cares. Act was a huge injection of stimulus. But it was passed all the way back in march and a lot of the major provisions of the cares act expired back in august and interestingly because that was more than two trillion dollar bill what you saw in the first month of the pandemic was actually pretty solid progress against already in america. You saw a twenty five percent reduction from its pre pandemic levels and what you've seen since the expiration of those benefits is a very fast resurgent so all of those gains in poverty reduction have been Erase this point and if you look at other indicators of hardship whether it's the sheriff families who say that they can't afford food thirteen percent of american families right now are saying that they have not had enough to eat in the last week from the latest census bureau. Polls you see thirty percent of americans who are renting say that they have little to no confidence that they will be able to pay next month's rent and those measures that we've been tracking have gone up significantly in the past couple of months and put this into some context. How does this This relief package on the whole compare with with similar ones offered by other countries britain germany. And so on so at this point america. We'll have done over three trillion dollars of direct stimulus. And if you compare. America to other countries on the basis of how much money does it immediately inject into the economy. America looks fairly outstanding. Where america doesn't look as generous on the stimulus front is on its guarantee. Liabilities made with businesses so european countries are much more likely to guarantee loans use the central bank much more than america has used the fed as part of their strategy for addressing similar. So depending on whether or not you think. Direct relief to americans is more important You could say that america's really well if you think that subsidising businesses and making sure that they stay open is the vital point of covid relief that you could say that the europeans have done better but another facet of this was that the bill apparently contains what president trump called the pork but a lot of provisions that aren't sort of directly related in that way it does and that's in part because it was attached to the bill that keeps the government open in funded for the next year and that obviously has a lot of unrelated provisions because it is the bill that funds entire federal government. You know there are measures on a teddy roosevelt presidential library. Independent commission to oversee horse racing. Racine those kinds of things have been snuck in but also some provisions that might not have been obviously related to covid but that are probably good like an end to the practice of surprise billing which is basically where you go to a hospital. That's in your insurance network. You're treated by dr who is affiliated with a different network and you get a very large bill and all this is happening of course in the in the twilight of mr trump's presidency. Where does this leave. Joe biden as as he starts to come in this really sets the initial conditions for joe biden's presidency a lot of the unemployment benefits for example will expire in mid march which will mean that there will be some period of renegotiation. We saw chuck schumer. Who is the democratic leader in the senate say that the bill will only partially cover some of the depths that americans are in right now economically. Unfortunately the troubles are so deep. The abysses so long that we need more and this is just a first step. This is an emergency. We need a second bill to continue. So that's going to set up a new challenge for them in the opening days of the administration when biden would probably rather try and pursue a big legislative victory like infrastructure. Or something else. A lot of it is gonna turn on what happens in the upcoming senate races in georgia. The runoffs will decide the last two seasons senate and that will determine whether or not democrats or republicans control it if republicans keep those seats and democrats. Don't have control of the senate. I think it's probably quite likely that this is the last big stimulus measure that americans are gonna see addressed. Thank you very much for your time. Thanks so much for having
Trump Administration makes mad dash to get stimulus checks out
"Trump's attempt to solve the coronavirus stimulus checks for more money only stalled the American people from getting their benefits. Now his administration is making a mad dash to get those promised checks out. Here's White House correspondent Rachel Scott Americans who make less than $75,000 can expect to receive those one time checks. $600. But tonight the Trump administration is scrambling to get them out. Secretary of Treasury Steve Mnuchin one of those direct payments in the mail before the new year, but all of that was thrown out of the window when the president waited six days to sign that Bill.
Republicans Block Trump, Democrats’ Bid To Increase Stimulus Checks To $2,000
"Standing up to President Trump on this Christmas Eve, they broke with the president over his demands that the stimulus payments included in Congress is pandemic rescue package be boosted from $600 to $2000. Democrats have been arguing in favor of the larger stimulus checks for months now and in light of the president's unexpected support. They tried again today to make it happen as correspondent Skylar Henry Henry reports Democrats effort to increase stimulus payments from $600 to $2000 was blocked Thursday morning by Republicans. 600 is certainly Not enough for individuals who have been struggling these past seven months. The move came days after President Trump put the fate of the covert relief bill in jeopardy by demanding the higher payments after Congress had passed it. The package is attached to a larger spending bill and without action from the president or Congress, the government could face a shut down Monday at midnight. President Trump was thought to have been on board with the pandemic relief package. Not speaking up against it until after the measure passed Congress overwhelmingly this week, New York Congressman Hakeem Jeffries says this is a dispute between Republicans. Past the Cash act today. Because House Republicans have black thing. Even though that president supposedly supports it has Speaker Nancy Pelosi said in a statement that the president Trump is serious about the $2000 direct payments. He must call on House Republicans to stop blocking it. She scheduled another round of votes on the measure for Monday when lawmakers return to Washington. President's 11th hour. Demand for changes to the rescue package took lawmakers by surprise this week during negotiations, his Treasury secretary, Steve Mnuchin, made no push for the $2000 stimulus checks that President Trump is now demanding.
Why Trump waited until after relief bill was passed to push for $2,000 checks
"Next week on Monday, shall force lawmakers to take a recorded vote on $2000 stimulus checks for Americans. This comes after President Trump demanded such checks in a recorded Twitter video. And we've just learned the massive government funding and coronavirus relief package is being sent to Florida tonight where President Trump is mulling whether decided into law, a person familiar with the matter tells the hill. The measure will be sent tomorrow. Lago, where President Trump is spending the holidays. White House officials have declined to comment on whether he plans to sign it or veto it. House Majority Leader Steny Hoyer of Maryland is slamming the president, accusing him of backtracking on the understanding that he would sign the legislation to fund the government for the next year. Providing Americans with $600 stimulus checks and sending out other coronavirus hate. We sent the bill to the president to President Trump to sign and on Lee then After we agreed on I figure we thought was too low for direct payments to families and Children, $600. But the Republicans would not take a higher figure on Lee then did the president. United States indicate that 600 was not enough. What was President Trump's motivation for throwing this monkey wrench? We asked Paul blessed of Vice News, who says it may be a recent report giving Joe Biden partial credit for pushing through the coronavirus Hate Deal. National Democrats and Joe Biden. You know, there was a story in The New York Times that credit to Joe Biden for helping to get Democrats over the finish line. I don't know if you recall, but they had For much bigger stimulus packages the House and passed the $3.4 Trillion bill and then the $2.2 trillion bill earlier in the year, so they were not very happy with it until I think that Joe Biden stepped in and was definitely encourage them to help take the deal. So there was reported in the Washington Post, Trump had his aides in the White House and tried to talk him down from demanding the $2000 checks. No. Before the election, he had called for bigger checks. That was sort of one of the things he wanted to run on. He signed the checks that came out earlier this year. You know, people got letters saying, you know, Donald Trump essentially gave you the check. You know, this is always something he had demanded. But, yeah, the White House had been, you know, super involved in the negotiations this time around after the toss between Treasury Secretary Steve Mnuchin and House Speaker Nancy Pelosi called part. This is a bill that was crafted by a bunch of centrists in the Republican and Democratic party in the Senate. He just kind of stepped in last minute and demanded this big increase in the Czech money. What else? She's on your mind, by
Democrats will try to approve $2000 direct checks Thursday
"Say they're eager to take up President Trump's call for boosting the amount of money sent to Americans in just In the just past $900 billion virus relief package. In a video he released yesterday, the president called for increasing the $600 stimulus checks to $2000 per person. 4000 per couple. He also tried to cast doubt about who will be the next president to deal with the crisis. Send me a suitable bill. Or else the next administration will have to deliver a covert relief package. And maybe that administration will be me. And we will get it done. House Speaker Nancy Pelosi says she's ready to put it to a vote as early as tomorrow. She's in favor of it. But USA Today, Washington bureau chief Susan Page tells KNX Is really a bizarre situation. Well here are not sure whether he means what he suggested He might be told this bill, You know what to do. Two things would deny 900 billion in covert. Really. It also would result in the shutting down of the federal government. On December 28 because this boat, it's too big parts. One is covered, really. The other is continuing funding for the government. The deal was hammered out over the course of months, primarily by House Democrats and Trump's secretary. Treasury secretary, That is Steve Mnuchin. Federal
Attorney General Ken Paxton asked Trump administration to take back some of Houston area’s COVID-19 relief money
"Harris county judge lena aldo had strong words for texas attorney general. Ken paxton after a letter was published showing paxton wanted to take federal covid nineteen relief funding away from the county earlier this year. Our own matt harrop has fresh reporting on may twenty first paxton wrote to treasury secretary. Steve mnuchin saying harris county would be violating texas election law by using federal cove. Relief money to quote. Follow through on. Its plan to send mail in ballots to voters based on their punitive concern for covid nineteen. The letter was published by the citizens for responsibility and ethics in washington in a statement harris. County judge lena dog said quote taking emergency. Relief funds from the people of harris county would have knocked the floor out of our citizens ability to vote safely during pandemic and an important national election. Adult also called the letter from paxton quote indefensible. And says she's happy. It's out in the open. I'm at harrods houston. Meanwhile judge hidalgo is expected to join houston mayor sylvester turner later this afternoon. For an update on the region's covid nineteen
Congress Rushes to Pass Huge Coronavirus Relief Bill
"Trillion government spending bill combined with a $900 billion Coronavirus relief package, Treasury Secretary Steve Mnuchin telling CNBC those stimulus checks could show up in Americans bank accounts before the new year. The good news is this is a very, very fast way of getting money into the economy and again let me emphasize. That people are going to see this money the beginning of next week. Democrats who had initially demanded trillions Maurin aid are calling the deal. A down payment. Today is a good day, but it's certainly not the end of the story. President elect Joe Biden applauded the deal, but said Congress is work is far from over less. Michelle's the ABC News Washington As of this morning
Congress Passes COVID-19 Stimulus Bill
"A new covert relief bill after months of fighting, and President Trump is expected to sign it quickly. The $900 billion bill includes 13 billion in food assistance programs. One time $600 stimulus check to Americans making less than $75,300 weekly unemployment checks, aid to businesses and resource is to vaccinate the nation. But fall short of what Democrats originally wanted. House Speaker Nancy Pelosi here is more work to do. And it will find still money. But it will protect jobs and most importantly, it will meet the needs of the American people to crush the virus. On Monday, Treasury Secretary Steve Mnuchin said Americans could begin seeing stimulus checks as soon as next week. I'm Julie
How A Cybersecurity Firm Uncovered The Massive Computer Hack
"David Greene in Los Angeles. And I'm Noel King in Washington, D C. Good morning. How should the U. S government respond to a computer hack that breached both government networks and private companies? Most cyber security experts think Russia is responsible for the Hack and NPR's national security correspondent Craig Marie has been talking to some of them. Good morning, Greg. Good morning. No. Well, perhaps most importantly, is the half over. Absolutely not. It's still ongoing and we're continuing to learn details. We've heard now that the Treasury Department hack occurred in July, and like other government departments, this was just uncovered in recent days. Email of top officials was hacked, though apparently not. The account of Treasury Secretary Steve Mnuchin, also no evidence that classified systems were breached. This information has come from Democratic Senator Ron Wyden, who was briefed on the matter and we can expect this kind of information to sort of dribble out in the weeks and months ahead. As government agencies and private companies go through their computer networks. But clearly much of this is going to fall on the Biden administration to make sure the hack inside government computer networks is over that there's clear attribution on who did it and then to decide how to respond. These major breaches have happened before. Does the government have a strategy to deal with them? No, absolutely not. Again. There are no rules or red lines are clear consequences for adversaries who get caught Now, today what we end up seeing is lots of hand wringing and ultimately some sort of limited responses. Right now, With this current hack. We're seeing wrestling over the definition. Some members of Congress called this an act of war. Now, cyber experts and the intelligence community do see it is a big deal but more along the lines of traditional espionage, albeit on a massive scale. I spoke about this with P. W singer cyber expert at the New America think tank. This was not an act of war. This is more cold War style back and forth espionage stealing of secrets. That's why you've seen the reaction from the intelligence community to be a mix of Oh, my God. What just happened? And Gosh, we got a tip the hat to them. What a coup for them. So if there is no clear way to respond, Greg what of the range of options here? Traditional spying might generate public criticism, kicking out suspected spies, perhaps, um, sanctions, But when this has happened, it really hasn't changed the behavior of Russia. Any other adversaries they still seek. Hacking is a low cost high return proposition. Singer says the U. S can and needs to do much more and should create deterrence in two ways gave a boxing analogy, saying US needs to punch back harder and also develop more resiliency to absorb the growing number of cyber blows. Make the parallel to Mike Tyson. You don't hit him because he'll punch you back in the face vs Mohammad Ali rope a dope right through resilience where you don't hit me because it just won't work out for you. What else do we know? So we know that the government and private companies were both hacked. What do we know about the private companies? We haven't heard that much from them. Have we? No, that's right. But we are hearing more of the hackers clearly targeted. Many tech companies in this makes a lot of sense. They hackers Coley want these cutting edge cyber tools that these companies have, so presumably the hackers can use them themselves. And the first organization to detect this hack two weeks ago was fire I, a prominent cyber security firm, Fireeye CEO Kevin Mandia spoke with NPR's all things considered yesterday. And he said, these hackers were extremely sophisticated, and once they got into the system, they carried out an operation that was specifically designed to attack fire. I he realized very early on as they launch their own investigation that this was a level of tradecraft he'd never seen before. And he said the scale of this hack really drives home the need for a strong national cyber policy. It's time this nation comes up with some doctrine on what we expect Nations rules of engagement to be And what will our policy or proportional response beat of folks who violate that doctrine Because Right now. There's absolutely in escalation in cyberspace. It just seems astonishing that we don't yet have the doctrine in the year. 2020. The US, however, does have a lot of cybersecurity might what is preventing us from using it more effectively? No. Well, you're still seeing a lot of things that are in the works. Homeland Security Cyber Agency was just launched in 2018 and focused on the elections this year. And and by all accounts, did I did I did a good job. Right now, There's the military authorization bill on the president's desk waiting to be signed. It has money for additional cyber upgrades, and by all accounts, you're seeing a lot more cooperation between the government and private tech companies. But this country is losing huge sums of money due to the cyber attacks. And a couple years ago, the N S a director Paul Marcus, Sony was at his confirmation hearing. And he was asked if adversaries fear the U. S and cyberspace, he said the answer is absolutely not. MPR's Greg Marie, Thanks so much, Greg. My pleasure. America's hospitals are really
Experts Weigh In On How U.S. Should Respond To Massive Computer Hack
"Should the us government respond to a computer hack that breached both government networks and private companies mo- cybersecurity experts think. Russia is responsible for the hack and npr's national security correspondent. Greg myra has been talking to some of them. Good morning greg. good morning noel. Perhaps most importantly is the over absolutely not it's still ongoing and we're continuing to learn details. We've heard now that the treasury department hack occurred in july and like other government departments. This was just uncovered in recent days. The email of top officials was hacked. Apparently not the account of treasury secretary. Steve mnuchin Also no evidence that classified systems were breached This information has come from democratic. Senator ron wyden who was briefed on the matter and we can expect this kind of information to sort of dribble out in the weeks and months ahead as government agencies and private companies go through their computer networks But clearly much of this is going to fall on the biden administration to make sure the hack Inside government computer networks is over that there's clear attribution on who did it and then to decide how to respond these major breaches have happened. Before does the government have a strategy to deal with them. No absolutely not again. There are no rules or red lines or clear consequences for adversaries who get caught now today. What we ended up seeing is lots of hand-wringing and ultimately some sort of limited responses right now with this current hack. We're seeing wrestling over. The definition some members of congress. Call this an act of war now. Cyber experts in the intelligence community. Do see it as a big deal but more along the lines of traditional espionage albeit on a massive scale i spoke about this with p w singer cyber expert at the new america think tank. This was not an act of war. This is more cold war style back and forth espionage stealing secrets. That's why you've seen the reaction from the intelligence community to be a mix of. Oh my god what just happened and gosh. We got a tip the hat to them. What a coup for them so. There is no clear way to respond greg. What are the range of options here. Traditional spying might generate public criticism Kicking out suspected spies perhaps some sanctions. But when this happened it really hasn't changed the behavior of russia any other adversaries they still seek hacking is a low cost high return proposition singer says the us can and needs to do much more and should create deterrence in in two ways gave a boxing analogy saying the us needs to punch back harder and also develop more resiliency to absorb the growing number of cyber blows. I make the parallel to my tyson. You don't hit him. He'll punch you back in the face versus muhammad ali rope a dope through resilience where you don't hit me because it just won't work out for you. What else do we know. So we know that the government and private companies were both hacked. What do we know about the private companies. We haven't heard that much from them. Have we know that's right. But we are hearing more of the hackers clearly targeted many tech companies in. This makes a lot of sense. They that hackers want these cutting edge cyber tools. These companies have so presumably. The hackers can use them themselves in the first organization to detect. This hack. two weeks ago was fire. I of prominent cyber security farm fire. Icao kevin mantius spoke with all things considered yesterday and he said these hackers were extremely sophisticated and once they got into the system. They cured out. An operation was specifically designed to attack fireeye. He realized very early on as they launched their own investigation that this was a level of tradecraft he'd never seen before and he said the scale of this hack really drives home the need for a strong national cyber policy. It's time this nation comes up with some doctrine on what we expect. Nations rules of engagement to be. And what will our policy or proportional response speed of folks. Violate the doctrine. Because right now there's absolutely esscalation in cyberspace it. It just seems astonishing that we don't yet have the doctrine in the year. Twenty twenty the. Us however does have a lot of cybersecurity might what is preventing us from using it more effectively. While you're still seeing a lot of things that are in the works Security cyber agency was just launched in twenty eighteen at focused on the elections this year and by all accounts did a did a did a good job right now. There's the military authorization bill on the president's desk waiting to be signed it has money for additional cyber upgrades in by all accounts. You're seeing a lot more cooperation between the government and private tech companies. But this country is losing huge sums of money Do to these cyber attacks and Couple of years ago the nsa director paul nakasone was at his confirmation hearing and he was asked if adversaries. Fear the us in cyberspace. He said the answers absolutely not. Npr's greg mary. Thanks so much. Greg my pleasure.
Congress passes massive COVID relief and government funding bill
"The new nine hundred billion dollar coronavirus relief package includes a range of measures to help the country through the pandemic among them. A second round of stimulus payments for american households treasury secretary steven mnuchin said that we should start seeing payments in bank accounts early next week but it seems like this is on track to happen relatively quickly even faster than Than last time. Coming up our tax reporter. Richard rubin will explain what's changed since the last round of checks went out plus our reporter andrew dern. We'll take us through the parts of the aid package benefiting unemployed workers and those facing possible eviction. It's after the break. Us households along jobless americans and renters struggling to make payments are all in line for some relief. The nine hundred billion dollar corona virus aid package. We'll talk about unemployment and rental assistance with a reporter andrew during later in the show. But first let's bring in our tax reporter. Richard rubin from more on the new random direct payments that. Come with the package richard. Thanks for being with us. Happy to do it. So first of all. Who's in line to get a check this time. So the checks are going to largely the same group as got checks the first time around in the spring. There's some slight changes in eligibility with the basics are the same. It's anyone who's got income for an individual up to seventy five thousand. Get the full payment for married couples. One hundred and fifty thousand have to have a social security number Children are eligible but there are no payments for non child dependence so in college students or elderly adults who are dependents. You can get a payment even if you have no income and if you're or if you have social security or veteran's benefits or any of those kinds of things you're eligible. The one big eligibility change is what we call mixed status families household where one spouse has a social security number in the other spouses maybe unauthorized immigrant and doesn't Social security number in the first round they were ineligible and this time they are actually retroactively eligible for the payment. Just for the one spouse in any children who have social security numbers so you report. The stimulus checks could go out next week. That seems like a faster turnaround than the last time right. Yeah and somebody's because of the work they did. Last may have the file basically the computer files load up with the right number six hundred dollars per adult six hundred dollars per child and send the money to bank accounts and they've got more bank information than they had in the spring because of people who don't typically filed tax returns but updated their information with the irs treasury secretary. Steve mnuchin said that we should start seeing payments in bank accounts early next week but it seems like this is on track to happen relatively quickly even faster than Than last time. Now how about people who prefer to receive a paper check so they would get it a little bit later. We're still trying to figure out exactly how long that would take. The legislative text of the bill seems to suggest that payments will be done by january fifteenth. And then any one who hasn't received one by then basically can claim it as part of their twenty twenty tax return. So that's one thing that we're kind of looking for some additional clarity on as we go forward here is exactly how this would work for people who might need a paper jacket. Might be that end up getting it on your As part of your tax return okay. So you report. The checks are based on household data from two thousand nineteen. But what if someone's family size change since. The last checks went out in the spring. So that's where the fact that all gets reconciled them. The twenty twenty tax return is important. But it's a one way reconcilable so if you had a child anytime in two thousand and twenty. They wouldn't have been reflected on the first payment or the second one. And so you would get eleven hundred extra as part of your tax refund or lowering your tax payment when you file your twenty twenty tax return the other reason you might see some people changes is if your income went down say you earned one hundred thousand twenty nine thousand nine but then your income went down so you qualify for more for the full payment for twenty twenty. Then you'd be able to claim that on on your tax return but the keeping it doesn't go the other way if your income went up to go out of the rain or any payment the you don't have to pay that back any payment you got. You don't have to pay back if you're if you're eligibility either. In terms of income dependence changes between the time of the payment of the time you value tax return. All right. That's tax reporter richard rubin. The relief package also includes measures to assist jobless. Americans and renters could be facing eviction of the end of the month for more on that we've got reporter. Andrew durham on the line from washington andrew. Thanks for taking the time to be with us. Yeah thanks for having me so this is definitely good. News for people receiving unemployment benefits. How do the numbers stack up for them. So yeah there. There's a few measures in this bill. That will help folks who are on unemployment insurance the probably the biggest one is that people who are receiving unemployment insurance right now. We'll get an additional three hundred dollars per week from the federal government so it will just increase the size of the assistance for for people who are receiving State unemployment payments other measures in. There is that it extends to other unemployment programs by eleven weeks so one of the things that are two of the things that congress did earlier this year when they first started passing relief legislation for covid nineteen is they expanded the number of people who can claim unemployment benefits to include a gig workers contract workers and freelance workers folks like that who don't typically qualify and then they also extended the timeline for state unemployment benefits so that they lasted an additional set a time and so the total time line for folks who could for receiving state unemployment benefits now Thirty nine weeks and so this bill adds onto that even further so that that that number thirty nine weeks now becomes fifty so folks who were facing the possibility of having their unemployment benefits ending In the coming week here we'll now have another eleven weeks to to draw from those benefits and the clock's ticking from any renters. A lot of them have been struggling to make payments and faced possible eviction at the end of the month when some federal protections expire head. Us a covid bill address that so it does too big things for renters in the bill. First of all it gives a twenty five billion dollars in rental assistance. That's that's aimed at kind of low income americans to help them try and cover rent in the first place but then on top of that it extends conviction moratorium which has been in place for much twenty twenty-eight it extends out for another month so that will now last it was it was set to end at the end of this month but it will now end and at the end of january so those are the two those are the two main things got folks who are worried about paying. Rents will be able to count on now
Stimulus checks of $600 are coming — here's who will get one
"$2.4 trillion spending package. Everybody keeps calling it a $900 billion relief packages. $2.4 trillion spending package includes $900 billion in Corona virus relief eyes what it is so it's part of a bigger package also meant tol keep the government open. Which makes it more sticky, I guess for lawmakers not to sign it, but we were talking. Before the break there got the $25 billion and rental assistance for millions of families struggling to stay in their homes during the pandemic. Now they had been in an eviction moratorium. That was poised to sunset at the end of the year was gonna end and they've extended The only extended it for a month. Now they can't keep extending that stuff. You know, it's kind of funny, but he's saying, although the ritual Adler the money's landlords make their money that's their revenue stream. Is that you pay rent, and then they make their house payment and then hopefully at the end of the You know, when all is said and done, they have a bunch of properties that they can sell them. They can go retire. That's the goal of a lot of people, especially lot of people who want a lot of properties, homes and the like, and they have been able to collect rent. And they haven't been able to evict anybody, which means they haven't been able to make their house payments. So they're running into problems, too. So to extend this for only a month and add about $25 billion in rental rental assistance to it, That's I don't see how things balance out there. I think they're hoping for a lot of happiness. But that's one of the things in this. That That leads me to believe that this is not the last stimulus bill because if he if they think that they're going to put $25 billion on the table, and they're only going to extend the eviction moratorium until January, 31st the country's not opening back up. Completely. My other sister in law who works in retail, and she's not back to work yet and isn't even on the list to go back to work yet you still technically an employee, but she's not on the list to go back to work yet. So if they think they're gonna extend things on Lee until the 31st, which is literally one month From the last in the last election moratorium, and then I don't see how that's going to work. I have to do something else or provide some more money. Otherwise, how much people gonna get kicked out on the street and trust me? They're not gonna allow that to happen. We're gonna do everything in our power to keep that from happening under Biden's watch unless they can find a way to blame it on Trump, and this may be what does that by the way? They might be able to say well trouble. He signed this thing, and now we're trying to work and that's the way it goes now. The legislation notably excludes two of the thorniest issues which have plagued negotiations for months, funding for state and local governments. And a liability shield for businesses against court. Coronavirus. Really that lawsuit, the 11th hour deal that would reach last night comes after days of meetings on Capitol Hill. Between all the power players there. There's some other issues here is well. They're talking about where they're trying to figure out when the check will arrive when you're going to get the payment now. Mnuchin Treasury Secretary's sexually Steve Mnuchin said today that he expects Americans will start receiving the stimulus checks as early as next week. Everything will get, you know has to get voted on and sign still, But if it does, the last process took over a month or maybe a couple of months. I think in March When everybody acted and see that your first round of payments wasn't acted on March 27th and taxpayers direct deposit information was already on fire with the areas. They started receiving their payments in mid April, so it's a couple of weeks. Um, And if they've got your direct deposit information already in play, then if you do if you're not one of the don't think that many people did, but received an actual paper check. I don't know why you would do that if you didn't have to. But a lot of people still don't trust the magic of computers. So that's a possibility there. But they according to Mnuchin, they could start receiving the stimulus money as early as next week now. The only wrench of that that I could see is the people who have aged into it, or, you know, moved into the receiving of things during this past year during the past nine months, they're the only people that could be a hitch for that, too. But for everybody else, like May I got money. Um And I got 1200 bucks. My wife and I got 2400. I think in a little bit for my son. He gave me for my daughter. That was a funny thing. My daughter was a sophomore in college. 19 years old. She was 20 by then so 20 years old. We have nothing for her, And I don't think she got anything. So there was like a vacuum there a little hole of people who didn't get it, but everything they already have the information. So like, you know, everybody is gonna get money and I imagine I'll still get something It could be in there next week that the payments In the bill will be the second round of direct payments that the Congress has made again for the first run. In March. People got $1200 per adult and $500 per child s O. It's about half what you would have gotten last time. Around, and that's another thing. I don't see. I don't really get is that the last round People couldn't pay the rent couldn't buy food because they couldn't work couldn't make a built bill payments, insurance payments and like on nothing's gotten better, really. Overall, some things have gotten a better Some people have gone back to work. But overall, not much has gotten better. So we're gonna be the less money. We're gonna get people half Again. These air things. This is the cynic in me. On. I just look at things like this, and I got another message. You know they're messing around, and the Senate committee is looking at this and saying Not much has gotten better. We're still months and months and months away from everything turning backed away. It's too the way it's supposed to be two life getting back to some semblance of normal. Out there. So we're gonna get people half assed, much money that says to me that they are banking on at least one more stimulus, probably more if things don't get back back to normal until probably the fall. If you're going
$916 billion White House coronavirus relief proposal
"Really wanna fill you guys in on Corona virus aid before we do our interview with senator sanders. So let's get right to it. There's a new and critical update to the corona virus negotiations that are taking place between congressional lawmakers and the white house now. Yesterday it was reported that the white house was urgently asking. Gop senators to approve one time. Six hundred dollar direct checks to americans as part of the coronavirus relief bill and at that time it really did seem as though The trump administration was outflanking democrats in congress from the left But now it's abundantly clear that that's not actually what's going on. It turns out that the one time six hundred dollar check that would be sent to americans would be a trade-off or essentially getting rid of the federal unemployment aid of three hundred dollars per week. Okay that tradeoff off seems pretty ridiculous. And so nancy pelosi talked about it. A little bit today She certainly clap back but she did. Treasury secretary steve mnuchin released a statement. Are you in this speaker. Pelosi spoke today at five pm and on behalf of the president. I presented a nine hundred sixteen billion dollar proposal. This proposal includes money for state and local governments and robust liability protections for businesses schools and universities. Now pelosi wasn't buying it mostly because she had some insight that most others didn't have and she says while it is progress that leader mcconnell has signed off on a nine hundred sixteen billion dollar offer based on the bipartisan framework The president's proposal which cuts unemployment insurance by one hundred forty billion dollars compared to the framework is unacceptable. So she says it's a nonstarter. I absolutely agree with her. On that. and there are all sorts of issues in regard to the liability protections That are offered by republicans. But before i get to that and katie porter shredding republicans for it john. Why don't you jump in. yeah. I find it very difficult to comment on this because the contents of the package change so often. I mean just yesterday mitch. Mcconnell was saying that it wasn't a prerequisite at the liability protections. It'd be in there but now it is again. I i don't or maybe it is. I don't know. I honestly don't know we don't know what is in the bill until after it's passed and usually not even then usually we're not sure even at that point especially You know the amount of money that we're talking about but it is like it's it's again. It's perfect that they've come up with a financial trade off the onetime payments versus basically cutting off the unemployment aid that makes sense to people on insurance that planned to die in the next week and a half it makes financial sense to them or people who are yet on Unemployment insurance and Having wised up to the fact that the federal government is still effectively doing nothing to stop the spread of the virus. And so it's gonna get worse and more businesses are going to get shut down and so a lot of people that are currently unemployed are probably gonna end up unemployed by the end of this dark winter And this is as we'll probably talking about what senator sanders. This is shaping up to be the last thing that they'll do like we've waited almost a year and this. I am trying to search for word that allowed to us on this now. Right now Is the last thing that they're going to do. Insult to injury in every possible way. It's yeah it's just it's so so shameful especially when you put it in the context of how easily the funding for Defense for the pentagon is gonna pass probably with a veto proof. Vote in both the house which already happened and the senate which is likely to happen in the future. That's seven hundred forty billion dollars every year. The number goes up for the most part. And there's no debate about it. It's just going to happen. But i do want also talk a little bit about the liability protection or lybia liability shield which Mitch mcconnell seems to only care about like that's the only thing that he's been pretty insistent on It seemed like maybe he can bend to democrats will on it If there were some pretty significant trade offs But katie porter Did a great job in explaining why this is a horrendous. A provision in the stimulus bill she says you may have heard that democrats and republicans have agreed upon spending nine hundred billion dollars to fund yet another round of small business loans support hospitals in essential workers and helped the ten million people who lost their jobs through no fault of their own everyone at the negotiating table including senate. Republicans have agreed to a compromise except one mitch. Mcconnell is refusing to bring it to the floor unless it wipes away all cove related lawsuits filed that allege injury or death due to corporate negligence. And she goes on to say that. These lawsuits represent the worst of the worst examples of disregard for human life cases filed on behalf of nursing home patients and grocery store workers who died because the company in charge of keeping them safe prioritize cutting costs over protecting them. And i think one of the best examples to share with you guys is what is happening now with a tyson. Meat packing plant Where You know tyson facing a wrongful death lawsuit because dozens of their workers got sick and died due to their negligence. Cnn has more details on that. Let's watch according to the allegations. The plant manager of the waterloo facility organized a cash volume winner. Take all betting pool for supervisors and managers to wager. How many employees would test positive for covid. Nineteen in the end more than a thousand employees would catch the virus about a third of the nearly three thousand working at the plant on stare. Ernest ladders spoke to c. n. N.'s gary tuchman in april about his conversation with tyson's hr department. They told me I was i was i was i was safe. And they told me that Everything was okay and they told me. I have a better chance. A catching the corona virus. Going out to walmart and enticing. Come the work. you safe. The tyson employers also allegedly told their employees to ignore any symptoms. They might be suffering from contracting corona virus into just keep working. it's doesn't insane yeah no the. The era of self-regulation of plants like tyson one needs to change. Which is a whites. Good that the department of agriculture is gonna be controlled by tom. Bill sack who while he was governor by said that they should self-regulate
Mnuchin makes $916 billion offer to Pelosi for COVID relief bill
"Right now, Developing now, the Trump Administration is offering a $916 billion relief package to House Speaker Nancy Pelosi. Package adds a $600 direct payment to most Americans that has half the payment delivered by the March pandemic Relief bill. It does eliminate $300 per week unemployment benefit. Treasury Secretary Steve Mnuchin made the offer to Pelosi yesterday, Senate Majority Leader Chuck Schumer and Pelosi released a statement saying that they would prefer to let a bipartisan group take the lead. That group has offered a $908 billion package. It does not include a stimulus, Jack That does include $300 in weekly unemployment benefits and money to state local
"steve mnuchin" Discussed on KLIF 570 AM
"S. S. top to seven hundred forty six thousand White House coronavirus response coordinator Dr Deborah Burke tells CBS's face the nation that it's unclear whether people who've had covered nineteen have immunity and most infectious diseases parts except for HIV we know that when you get sick and you recover are you developing antibody that that antibody is often confers immunity we just don't know if it's a community for a month and unity for six months and unity for six years the trump administration and Congress are nearing an agreement on four hundred fifty billion dollars to boost a small business loan program and that funds for hospitals and covert nineteen testing treasury secretary Steve Mnuchin appearing on CNN's state of the union says a deal appears imminent I'm hopeful that we can reach an agreement that the Senate can pass this tomorrow and that the house can take it up on Tuesday and Wednesday we'd be back up and running I'm in Kate's I conventional caucus has found cases of racism against Asian Americans are sore inside a new report by the Asian Pacific policy and planning council the documents more than eleven hundred instances of discrimination in just two weeks the caucuses it doesn't help that president trump continues to use the label Chinese virus and says it puts Asian Americans at risk the clock is is urging the U. S. commission on civil rights to step in and condemn acts against Asians while it renews its call for the president and to some members of his party to stop stoking anti Asian sentiment by using derogatory terms Linda Kenyon Washington Joe Biden has one Wyoming's democratic presidential caucus state party officials announce the results today less than two weeks after Bernie Sanders dropped out and endorsed the former vice president Wyoming began voting was still a two candidate race Biden beat Sanders seventy two to twenty eight percent out of more than fifteen thousand votes cast hi Dan Cates ninety five years so I feel free to deliver the goods key businesses and communities moving in this uncertain time we will stop going that extra mile because.
"steve mnuchin" Discussed on KNX 1070 NEWSRADIO
"Secretary Steve Mnuchin the latest offer includes additional money for hospitals along with state and local governments we have traffic and weather together every ten minutes on the fines at eleven thirty five years Jeff fix and we can start off this report with some good news you are all clear in Covina ten westbound at via Verde this is where a car a big rig got tangled up they had all lanes stopped for a little while because they were blocking the slow lane but they've been able to get to those two vehicles the car and the big break off of the freeway and so you're all clear we told you on the ten eastbound connector to the one ten south bound near downtown reports of a motorcycle down the good news is the motorcycle is off of the freeway and on the right shoulder but we don't know where the writer is school hopefully he's okay and was able to to walk away and just leave his bike here until I can get some help also near downtown five north bound before the one ten this is a two car crash one of the cars it's a right shoulder wall and is facing the wrong way we're seeing a little bit of back up there and we also have the problem in Hawthorne one oh five west bound at Vermont this is a solo car spin out blocking the slow lane so Caltrans working commerce two lanes are closed on the northbound seven ten from Atlantic van do you need to the five for pavement rehabilitation and then on the southbound side of seventeen three lanes are closed from the five to Atlantic Fantini research report coming up at eleven forty five I'm Jeff Biggs with more traffic reports more often can extend seventy newsradio even a little cooler tomorrow than it was today with increasing clouds late in the day temperatures mainly in the mid to upper sixties.
"steve mnuchin" Discussed on KDWN 720AM
"Treasury Secretary Steve Mnuchin defied the House Ways and means committee subpoena for President Trump's tax returns. Correspondent Pamela Brown. President Trump seem is only digging in tales even more fighting the House Ways and means committee chairman subpoenas, saying the with the Treasury Secretary Steve Mnuchin saying congress doesn't have a legislative purpose here legitimate one and that he doesn't have the thorny to release a series of President Trump's tax returns in the same week. San Francisco voted to ban police use of facial recognition reporters that on the NYPD's questionable use of technology. Correspondent Jay Katini yours police department used the photo of Woody Harrelson in. It's facial recognition program in an attempt to idea of beer, the've, who looked like the actor Georgetown University center on privacy and technology highlighted April twenty seventeen sewed in a report on what it says are flawed practices in law, enforcement's USA facial recognition. The report says security, footage of the thief was pixellated produce no matches while high quality images of Harrelson Richard several possible matches and did lead to an arrest. The Georgetown report says, facial recognition has helped the NYPD crack about twenty nine hundred cases and more than five years of using the technology. TJ Cassini, Washington US diplomats or warning their commercial airliners flying over the water. Persian Gulf faced a risk of being Missa dented amid heightened tensions between the US and Iran and state university efficiences is not clear, whether anyone ever, went to with authorities to report a former Dr knell accused of sexually abusing more than one hundred fifty male students Taiwan's legislature legalize same sex marriage becoming the first in Asia to make the move a Wall Street on Friday. Stocks closed down the Dell off ninety points as down sixteen NASDAQ down eighty one. I'm Barton Necker. Donald Trump is declared war against the Federal Reserve, the winner will determine the outcome of the world's economy. My name's Adam Barada. I'm the author of the national bestselling book gold is a better way. Trump is called the Federal Reserve. Crazy is number one enemy, and believe they blown a massive asset bubble that they're rising rates will pop Trump knows. He must beat the fed to the punch before they cause another financial collapse. He'll do this by monetize in gold. His brilliant plan will cause the price of gold to double overnight. I laid all out in my in-depth report. Attention all authors. Page Publishing is looking for authors..
"steve 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..
"steve mnuchin" Discussed on WRVA
"Secretary Steve Mnuchin refuses to turn over President Trump's tax returns Mnuchin telling Democrat, Richard Neal, his committee lacks legitimate legislative purpose ABC's, John Parkinson with the back and forth as President Trump claims taxes can't be released because he's under on. It means chairman, Richard Neal. I wrote IRS Commissioner Chuck reading on April third citing his authority to review the documents and then doubled down on his demand. April thirteenth. Neil contended that he needs to review Trump's tax returns in furtherance of consideration of legislative proposals and oversight related to the federal tax laws, including but not limited to the extent to which the IRS audits and enforces the federal tax law against president. John Parkinson ABC news the capitol Jerry Nadler says he has no choice but to proceed with holding attorney general Bill bar in contempt for review. Using the turnover and unredacted version of the Malla report by yesterday's Dan line vote is likely tomorrow. House speaker Nancy Pelosi. Report that they do not want the American people to. More than five hundred former US prosecutors have signed a letter the claims, President Trump would have been charged with obstruction of Justice. If he had not been the current president, the president's former personal attorney waking up this morning to his first full day in prison. Michael Cohen taking a parting shot at his former boss before he reported to the minimum security prison in New York state for his three year sentence..
"steve mnuchin" Discussed on Newsradio 950 WWJ
"Treasury Secretary Steve Mnuchin says the request lacks the required legitimate legislative purpose political analyst Larry Sabato, says get ready for lengthy fight who's going to be long drawn out battle that will be waged mainly in the courts, but also in the political realm. Democrats could go to court they could also try to subpoena the IRS for the returns. Steve futterman. CBS news now apart from this impending fight between the house and the White House. Congressional Democrats are also moving closer to siding. Attorney general William bar for contempt of congress. Over his failure. To give them on redacted version of the Muller report. CBS news has obtained findings of new study into the misuse and theft of opioids by doctors, nurses, and other healthcare workers. Here's CBS's Errol Barnett. A new report out on Tuesday released by data from protests finds that this so-called opioid diversion is a growing problem in two thousand eighteen more than forty seven million doses of legally prescribed opiates was stolen an increase of one hundred twenty six percent from the year before and sixty seven percent of the time doctors, and nurses are responsible. Disqualified original version, winner of the Kentucky Derby remains just that this qualified Kentucky racing commission rejecting an appeal by the owners of maximum security. Pat Ford is a sports columnist for young who sports want to try to follow lawsuit. Take this into the league around that that might be their their only avenue left in terms of. Battling through the horse racing system. That's. Oh, yes. Apparently maximum security will not run in the second leg of the triple crown the Preakness owner Gary west saying without a shot app out. Triple crown there's really no need to run a horse back in two weeks. Britain's Royal family has owned by one baby son born to US born Megan Markle and her husband Prince, Harry is every for the parent. We'd ever say, you your babies, absolutely amazing. This little thing is is is ABC's full of sun. Just back. Imaginary astronaut baby so far not named Asian financial markets after tanking yesterday. The Chinese ones have been higher tonight..
"steve mnuchin" Discussed on 600 WREC
"Treasury Secretary Steve Mnuchin saying the administration will not be turning over President Trump's tax returns to the house of representatives. Mnuchin modal letter two ways and means committed here, Richard Neal, saying the committee's request lacks legitimate legislative purpose. The move was expected. The attorney general misses a deadline for the four of the Muller report to be available to congress House Judiciary committee his Wednesday vote on holding attorney general William bar in contempt of congress. A committee subpoena said nine AM deadline today for the full unredacted special counsel's report, the Justice department has made a less redacted version. Available to lawmakers that concession Democrats say is insufficient. The committee's top Republican Collins calls, the contempt resolution disingenuous since negotiations about access to redacted information or continuing with the Justice department. Fox's Jared Halpern on Capitol Hill. The Justice department proposing a meeting with. Bisharat committee for Wednesday to reach an acceptable combination between bar and the committee prison time for Illinois man who plotted to kill hundreds of people editor Congo bar in two thousand twelve. Fox's grenell? Scott has more live Adele Dodi got sixteen years in prison for his plan to commit mass murder the bomb. Tried to set off was actually given to him by undercover federal agents who convinced him. It was real Dowd was arrested as he tried to detonate it. The judge today's sentencing considered other acts his slashing of a fellow inmate in prison and attempting to have an FBI agent killed prosecutors asked for forty years, but the judge cited signs of mental illness for the reduced term Dowd maintains his innocence, even after submitting an Alford plea, which says that the charges against him were factually. So thanks Grenell. Trade Representative Robert lighthizer says higher tariffs on China that President Trump threatened over the weekend. We'll take.
"steve 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" Discussed on WCPT 820
"Treasury Secretary Steve Mnuchin was questioned Tuesday about President Trump's tax returns. Linda Kenyon reports. From Capitol Hill secretary Mnuchin tells democratic congressman Mike quickly his department is well aware that the IRS wants to see the president's tax returns from the past six years, but he says personally, he's not involved or legal department has had conversations prior to receiving the letter with the White House general counsel at a house appropriations committee hearing Mnuchin did say his department is reviewing the request for the tax returns and intends to follow the law. The chairman of the House Ways and means committee who filed a request for the returns has given the IRS a Wednesday deadline to comply, Linda Kenyon, Capitol Hill. One should be tween friendly, Prime Minister Benjamin Netanyahu and Ben against remains too close to call with us. Our however than Yahoo is expected to come out victorious as he braces for the likelihood of criminal charges in a series of corruption probes. The Trump administration is expected to miss Wednesday's deadline. The handover. Those tax returns. Raising the possibility that the battle will turn into a lengthy court fight top democrat on the house finance services committee, Maxine Waters as Treasury Secretary Mnuchin is stonewalling. There's anything or anybody more important than the congress of the United States of America trying to find out exactly what the secretary is doing. He has been contradictory in how he talked about whether or not he was going to follow the law and release those tax returns as law mandates that he do. And so we need to do our oversight. We need to be able to represent the people of this country in understanding how this government were Lori Loughlin fashion designer husband Massimo, June newly have been hit with a new charge of money laundering..
"steve mnuchin" Discussed on Money For the Rest of Us
"Your stock in Fannie Mae and Freddie MAC in two thousand seven Freddie, MAC stock was selling for sixty three dollars and sixty cents. Now, it's selling for less than three dollars. But it's up a hundred and fifty percent year to date. What's changed? Well, comptroller of the currency. Joseph otting was appointed by President Trump to head up. This Federal Housing finance agency that oversees Fannie Mae and Freddie MAC, and there's some speculation that that they want to take these two entities out of conservator ship. If in fact Treasury Secretary Steve Mnuchin told Bloomberg television, I would like to get them out of conservator ship. Chris Waylon, it is publisher of the institutional risk analysts. He was quoted. In almost daily grants newsletter. January eight twenty nineteen about this idea of taking these government sponsored enterprises, Freddie, MAC and Fannie Mae out of conservator ship. He says if you do that, you're you'll have to go raise money. That's what the law says. So you can put them through receivership same way they came out as they weren't inception. Then you have to go raise private capital. The only thing that matters to bond investors, the federal rapper from credit perspective that is all that matters. You are triple A or not most private mortgage. Banks are beat credits. So the idea is that Fannie Mae, and Freddie MAC they can borrow in the capital markets right now, and they can borrow at very cheap rates, and if they have to raise more capital because they're not going to be under the umbrella of US government to question is what will have to borrow it. Whether it be non investment grade, essentially single be credits or were they continue to have the implicit backing of the federal government able to borrow cheaper as they borrow capital to to build up their balance sheet, but also to buy mortgages, and again this the yield on mortgage-backed securities are lower than they would be otherwise because Fannie Mae and Freddie MAC guarantee. Those mortgage backed securities which are pulls it mortgages against default an intern because they're essentially under the control of the federal government. The US government is guaranteeing the performance of those mortgages. Wailing continues the bottom line is that in order for the GS's to function as they do today. An issue debt at the spreads. They do today. They have to have a federal guarantee. So in the hedge funds complain about the return of capital, they're wrong. The sweep of all jesse's prophets to the US treasury is payment for the use of the full, faith and credit of the United States every day. The US is unusual. Most federal governments don't protect lenders against default in the mortgage market yet in the US Fannie Mae, Freddie, MAC and Ginnie Mae. They control ninety percent of the mortgage market. They don't they're not the primary well Ginnie Mae is a primary issuer through the FHA and veterans loans, but Fannie Mae and Freddie MAC they're buying in the secondary market. So you have you have banks that are issuing. The national mortgage. And then they're selling those that qualify to Fannie Mae, Freddie, MAC, and those GS's that's ninety percent of the mortgages are are somehow they're involved with that federal Guaranty. Get the whole numbers for the homeowner rate in the US at sixty three percent isn't necessarily any hired fact, it's less than average on average in across eighteen developed countries. Sixty nine point six percent. Of households own their own home. In the US at sixty three point seven percent in Denmark, it sixty two point seven percents of very similar to the US..
"steve mnuchin" Discussed on WAAM Talk 1600
"Treasury chief Steve Mnuchin moments ago, they treasury took action against Venezuela's state owned oil company pet advice to help prevent the further diversion Venezuela's assets by former president Madero in effect. That means blocking seven billion dollars in assets at the same briefing national security adviser, John Bolton, not ruling out military action. Only saying that all options are on the table. US diplomats remain in Venezuela. A number of other countries have also recognized Guido as the interim president. But Russia, Cuba and China have nod Bolton is calling on all responsible nations as he put it to recognize Guido all of this happening at the White House press briefing where spokeswoman Sarah Sanders is likely to also get questions about the upcoming negotiations set for later this week on voiding another possible government shutdown a nineteen year old from El Salvador now face. Multiple counts of murder in Nevada were four people were killed in their homes. They're now fishery moving forward and our prosecution of wilder or Nesto Martinez newsman Marshall county DA Chris Hicks, just announcing the upgraded charges Martinez. Guzman was arrested last week and initially charged with weapons possession and selling jewelry belonging to several victims. Officials have said he's in the US illegally. The week starts with a selloff on Wall Street. The Dow down two hundred nine points at the closing bell at one point during the session, though was down.
"steve 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..
"steve mnuchin" Discussed on KDWN 720AM
"Four thirty four minutes past the hour and Treasury Secretary Steve Mnuchin called the CEOs of six major banks Sunday in an apparent attempt to reassure jittery markets coming off a turbulent week in the stock market that's now bracing for potential repercussions. From a partial shutdown of the US government Mnuchin disclosed the calls with the heads of Bank of America Citi. Goldman Sachs J P Morgan Morgan Stanley and Wells Fargo in a tweet about that private conversations. This after Mnuchin said that the markets have overreacted recently to news out of Washington and global headlines Bank that with the advent of computerized trading which has such a big part of the market now combined with the Volcker rule where you can't have market makers connect- capital. You just have much bigger moves in both directions. And I think clearly you have. Situation here where the market has overreacted to the Fed's comments, and you see program trading taking over is there anything you can do about it, Mr. secretary. Well, it have socked this is something we're going to look at I I don't want to prejudge any decision. But this is one of the things we're going to look at it activities base risks. Did the fed do the right thing? Yesterday one interest rate hike now navy to next year. Let me say is Treasury Secretary. I think it wouldn't be appropriate for me to comment on if they did the right thing or they didn't. But let me just comment. What I think they did do. So the market was clearly expecting them to have a rate hike that was priced into the bond market into into the fed, FOX market. I think that the market was disappointed in the chairman's comments. But I would say if you look at the specifics, it can't just look at the headline, which was Tim more rate hikes. You have to look at actually the seventeen Dodds on the DOD. So each one of the the governors and the people on the committee. What their views if you look at this? The high end of the range came down significantly, and they're still a pretty wide dispersion. So there's clearly people on the committee who think we don't need. They don't need to raise rates much here. And I think you know, you got to put this in perspective we had five and six percent interest rates. The fed is sad. They're close to Don he said their data dependent. So I think the markets overreacted in equities US equities are tremendous value Manucher making those comments to the FOX business network. He said the Bank CEO's in that call yesterday all assured him that they have ample money to finance their normal operations. Even though there haven't been any serious liquidity concerns rattling the market the president's incoming chief of staff says Republicans continue to go shooting with Senate leadership over ending the government shutdown. Mick Mulvaney, telling Fox News, he thinks the shutdown will last through the new congress I met yesterday with the vice president and Mr. Schumer met throughout the day as your story indicated. There was some Republican members to talk about where we were in the discussions. We had given an offer a counter offer to Mr. Schumer late yesterday afternoon. And immediately thereafter, the Senate went into recess until at least Thursday doesn't mean a leap before Thursday tweet. Here's something back. But I don't think things are going to move very quickly here for the next couple of days. So are we talking week? Are we talking until the new congress comes on January third a couple of different things? It's Sunday right now government shutdown mostly on Sunday anyway government shutdown tomorrow anyway, because it's a federal holiday then Tuesday's Christmas again, another federal holiday so Wednesday is really the first day that this kicks in. But paychecks importantly, we'll go out on the twenty eighth I want everybody to understand no one is working without getting paid paychecks. Go out of the twenty eight th the next pay period that has impacted his January eleventh. I think that is it's very possible that this shutdown will go beyond the twentieth and into the new congress first of all what's going on on the democratic side.
"steve mnuchin" Discussed on Erin Burnett OutFront
"Breaking news blow up a source confirming to cnn tonight that white house trade advisor peter navarro who was central to the china negotiations erupted at the treasury secretary steve mnuchin on the sidelines of trade talks earlier this month with china white house reporter jeremy diamond is out front and jeremy you're learning more about this blow up which was sounds like it was pretty incredible and it could have a whole lot of implications yeah that's absolutely right aaron well we know that peter navarro and steve mnuchin have been off and on off opposite ends of the trade debates within the white house so they were on opposite ends for example of that steel and aluminum tariff decision with peter navarro and nationalist supporting it with mnuchin opposing it but to sources are now telling us that those tensions hit a new peak during these trade negotiations in beijing earlier this month apparently there was shouting there was cursing when navarro approach steve mnuchin on the sidelines of these talks to express his frustrations with the direction of the talks and the fact that he was having more of these one on one meetings with chinese vice premier liu he rather than these broader team meetings and one source does stress though that this place outside of the view of chinese officials outside of the building where these negotiations were taking place but it's important to note the timing of this erin of course this takes place on the eve of the next round of trade negotiations with china with the vice premier liu he coming to washington tomorrow to pursue those discussions as of now peter navarro is not listed on the official delegation to meet liu he a senior white house official tells us he will take part in the discussions however but we will have to wait and see whether he's actually part of those direct facetoface negotiations aaron all right thank you very much jeremy and i want to go straight now to washington post columnist josh rogan he's also been working on this story and josh what have you learned from your sources about this at her jeremy tarmac curse words this blow up well it's not the first or the last time that steve.
"steve mnuchin" Discussed on KBNP AM 1410
"I wanna find out thank you very much everybody we've been listening to president trump of the us and french president emmanuel macron meeting in the cabinet room in the white house some of the highlights from that meeting president trump said that treasury secretary steve mnuchin will depart for china to negotiate us trade disputes within days he also addressed the differences that the us has with with friends over the iran nuclear deal with president trump saying that the deal was insane ridiculous and should have never been made whereas president macron taking a more moderate line and saying it is important to have some kind of deal in place we previously were speaking with sylvia job lonski managing director of capital markets at direction investments we will continue with her in a minute but i want to bring in ariel cohen senior fellow at the atlantic council to talk about just some reaction to what we just heard aerial thank you so much for being with us i wanna start with treasury secretary steve mnuchin departing for china how significant is this and why question because you have the trade officials that would be normal doing something like that i think the financial coinc and issues of access to the chinese financial system will be on the table overall this is the biggest fight on the trump administration in terms of trade china is our major economic partner and also we are in deep disadvantage china so this is very important and whether or not initiate mccall is going to support us i'm not so sure mccall elevated himself to be the spokesperson for the eu and our trade deficit with a u is what's important for trump and of course he is for macron is followed by chancellor merckel and that is.
"steve mnuchin" Discussed on KBNP AM 1410
"The they're gonna see their tax bills grow because of this also we had steve mnuchin saying that the top earners wouldn't see a reduction and now clearly they will see a reduction to that you've got the controversial wealthy real estate tax while the real estate investor tax provisions that boncore gordon seem to know where came from what do you think this is going to look like in the end is it going to be the same as it looks now i mean is it a done deal can they not make any changes now i think keno basically the bill they have right now is probably me in ballymena you know donald trump is most likely to sign into law i think there could be some changes after the facts but i think it also becomes a little bit tricky as we've seen with obamacare he now to go back and take another look at these these big pieces of legislation once they're enacted into law i think that you know the things that you just ticked off matter some of the things that are going to feed really easily into a democratic narrative heading into the midterms about you know why this tax bill isn't necessarily beneficial to a lot of the folks that helped put trump and republicans into power that certainly going to be the argument the democrats are going to be making and i think some of these kind of lastminute changes that they made and even statements by members of the trump administration's selves like steve mnuchin aren't necessarily going to help republicans in the end of inc said they might feed right into the democratic campaign message for equality um success though diff i this is when we get into next year what kind of thinking about what the first year of of the trump presidency i is this this central success of this here i can we to whatever history says about how it works in whatever it does politically cam trump say i have a success here is this is this.
"steve mnuchin" Discussed on Bloomberg Radio New York
"That they can they're gonna see their tax bills grow because of this also we had steve mnuchin saying that the the top earners wouldn't see a reduction and now clearly they will see a reduction added to that you've got the controversial wealthy real estate tax wealth through real estate investor tax provisions that by gordon seem to know where came from what do you think this is going to look like in the end is going to be the same as it looks now i mean is it a done deal can they not make any changes now yeah i think keno basically develop they have right now is probably the umbrella bennett you know donald trump is most likely to sign into law i think there could be some changes after the fact but i think it also becomes a little bit tricky as we've seen with obamacare he now to go back and take another look at these these big pieces of legislation once they're enacted into law i think that you know the things that you just ticked off matter some the things that are going to feed really easily into a democratic narrative heading into the midterms about you know why this tax bill isn't necessarily beneficial to a lot of folks that helped put trump and republicans into power that certainly going to be the argument the democrats are going to be making and i think some of these kind of lastminute changes that they made and even statements by members of the trump administration's salves like steve mnuchin aren't necessarily going to help republicans in the end i think instead they might feed right into the democratic campaign message this very quickly the success though diff i this is when when you get we get into next year what kind of thinking about the first year of of the trump presidency i is this this central success of this year i can at whatever history says about how it works whatever it does politically can trump say i have a success here is this is this enough for him to kind of go out because he really raised expectations around it well i think there's a couple of things that i think that you know i think that it certainly the frankly the.