40 Burst results for "Steve Mnuchin"
Fresh update on "steve mnuchin" discussed on News and Perspective with Tom Hutyler
"Against our city. By Monday morning, 100 people have been arrested. 13 police officers were hurt. Bryan Burrough, ABC NEWS Chicago. Least one person is dead in northwest Baltimore to others or hurt after an apparent gas explosion ripped through multiple homes. Rescue operations continue right now. The city firefighter's union is about 200 of its members are on the scene. This woman lives nearby and just topic and house from working out. Maybe about Already been its fire. At least know anything in the neighborhood. California continues to struggle with covert 19 the head of the state's Department of Public Health is stepping down. Details from ABC is Alex Stone in Los Angeles. Why Dr Soni Angel abruptly resigned, isn't clear her letter to staff on Sunday nights, and she was resigning effective immediately and gave no reason why Dr Angel had been the main medical voice in California until recently. He does come after a glitch was found in the states reporting system that caused an under reporting of case numbers. After President Trump signed for executive orders Saturday intended to provide economic relief amid the pandemic. Treasury Secretary Steve Mnuchin said today that in essence, states will not have to contribute money to the proposed $400 per week unemployment benefit because of leftover federal aid money. The entire cabinet in Lebanon's resigned after a weekend of protests after last week's explosion in Beirut that killed at least 160 people. You're listening to ABC News,.
'Unconstitutional slop': Pelosi slams Trump's executive actions on coronavirus relief
"He doesn't know what he's talking about. I'm ham puso. Fox News, House Speaker Nancy Pelosi says. That's the kind of thing she can say about the executive action taken by President Trump yesterday, action she calls unconstitutional. The executive orders a wide ranging, focusing on unemployment, student loan payments, payroll taxes and evictions, families at the risk of being evicted. The virus is moving like a freight train, even though the president Once has ignored and delayed and distorted. What that isthe. Treasury Secretary Steve Mnuchin was part of the White House team negotiating with the speaker. We agreed with the Democrats. We both want to send more checks to the American workers. We want to send more PPP to those hardest businesses. We've fed. Let's pass legislation on the things we agree on the speaker and the secretary, both on Fox News
Fresh update on "steve mnuchin" discussed on Jim Bohannon
"Mike More. Treasury Secretary Steve Mnuchin says talks could continue this week with Democrats to strike an economic relief deal telling CNBC on things where we agree, but we're we're apart on money, we split the difference. Things like food. I listen, tow the speaker over the weekend. She's right. We started low on food. We realize there's a lot of kids out there that there's an issue. So we agreed on more than enough money for this year and through most of next year on food. We didn't make long term policy changes in the middle of covert. So we did that, and we can go down the list, and that's what we've done. Morphine correspondent Bob Constantini It's unclear what he means. But President Trump tweets of some kind of validation. So now Schumer and Pelosi want to me to make a deal. Amazing how it all works, isn't it? Where have they been for the last four weeks when they were hard liners and only wanted bailout money for Democrats run states and cities that are failing badly? There was no indication Speaker Pelosi or Senate leader Chuck Schumer nor White House negotiators have contacted each other since talks broke off late Friday and no indication the Democrats are willing to give up on a two states and local governments and the president's executive orders do not cover the end of the small Business loans Payroll Protection program, another negotiating point. Bob Constantini. Washington An explosion has completely destroyed three row houses in Baltimore this morning, killing one, critically injuring some others. Firefighters say. Several are trapped in the wreckage. Her found devastation there. Totally unclear What could have caused the explosion. At this point. We do know that emergency responders.
Trump says he'll extend unemployment benefits
"There had been glimmers of hope, following marathon meetings between top Democrats and the White House. But in the end common ground couldn't be found on a new Corona virus relief package. We're not going to just Keep on coming back every day. If we can't get to a deal, Treasury Secretary Steve Mnuchin, Democrats say, and offer that curb their demands by a trillion dollars was rejected by the administration. We have always said That the Republicans and the president do not understand the gravity of the situation, and every time we meet with them, it is reinforced House Speaker Nancy Pelosi. The next move could be unilateral action by President Trump. If Democrats continue to hold this critical relief hostage, I will act under my authority as president to get Americans the relief they need, including deferring the payroll tax dating back to July 1st, extending enhanced unemployment benefits, deferring student loan payments and forgiving interest until further notice. Along with extending the federal eviction moratorium, Fox says Leland Vitter, the president, acknowledging the White House would likely be
Fresh update on "steve mnuchin" discussed on Bloomberg Markets
"However, the Dow is still in the green. Investors are watching whether Washington can pass another round of stimulus after Treasury Secretary Steve Mnuchin said he'd listened to any proposal offered by the Democrats. McDonald's is suing ousted CEO Steve Easterbrook. The fast food chain claims his termination last fall over a relationship with an employee should not have included severance pay. McDonald said he destroyed evidence about relationships with other employees. Ice Interactive has taken a 12% stake and MGM Resorts for about a $1,000,000,000 1 thing that attracted Chairman Barry Diller to MGM is an area that currently comprises a tiny portion of its revenue. Online gaming. And draft kings falling after sports radio host Dan Patrick said on his show that the Big 10 and Pac 12 conferences will cancel their fall football season's Courtney Donahoe Bloomberg radio. When you went car shopping, human business, you ace vehicle.
Progress slow as urgency grows on virus relief legislation
"Saw potential step forward in the congressional negotiations for another corona virus relief package after weeks of Resistance Senate. Majority leader Mitch McConnell said he will support an extension of the now lapsed six hundred dollar federal unemployment insurance relief every week that is if president trump backs it. The American people in the end need help. And wherever this thing settled. Between the President United States and his team, it have to sign it into law. And the Democrat. Not Significant minority in the Senate and majority in the House. Is something I'm prepared to support even if I have some problems. With. Certain parts of it. So, Jake Sherman, you cover Mitch McConnell you know him very well that's as close as you'll get to seeing. Mitch. McConnell concede there where he effectively said, okay, I know this bill's been sitting on my desk for three months. I've got some problems with the Democrat bill from the house, but I may be willing to budge on that six hundred dollar weekly payment. The original counteroffer from Republicans as you know had been two hundred dollars a week. So if he concedes on that point, get six, hundred dollars a week of unemployment benefits to people who need it. So desperately right now does that mean we're going to get deal here. Will I think Willie? We're going to get a deal at some point in the next week. It looks not promising, but it looks possible. Here's the catch Mitch McConnell's not a part of these negotiations right now also for the first time in a long time, we could kind of say that Mitch McConnell's view here is a little bit tangential to the overall negotiations. Now Mark Meadows and Steven Mnuchin who have been in the negotiations have offered four hundred dollars a week until December fifteenth, which also by the way is a very big concession for the GOP people. We actually in playbook this morning give a blow by blow full with good chock full of quotes from inside of the negotiating room. During a two and a half hour meeting yesterday in the capital illustrating that there are a lot of issues that remain open to get corona virus for leads to American people just to give a sense about how far we kind of our from virus package, they are bringing in the postmaster general today to talk to the negotiating team about the needs of the US Postal Service because there is such a divide on how much the post office might need to complete its operations. So again, these negotiations are very fraught they're complicated and they're dragging on almost two weeks in I. Think we'll have another week at least before this bill is passing both sides want to get a deal before Friday. Jonathan Does Jake says Mitch McConnell's not involved particularly here. Specifically, neither is the President United States. He's taken a hands off approach to the entire negotiation sending US chief of staff. Mark Meadows and Treasury Secretary Steve Mnuchin into do the negotiating here. How badly does the White House needed deal? Does the president recognized that more than thirty million people just lost that six hundred dollar week check that's allowing them to survive for the last several months urgency from the White House on this. There is really the president in the last twenty, four hours or so has insisted he is playing a role in these negotiations, but we know that is largely not the case that he has need. Deferred it to his chief of staff and Treasury Secretary and Jake don't certainly don't extra job outlining how these negotiations have gone. But yes, there was a keen awareness that this is a president who's facing voters in under three months and that Americans are hurting right now and then beyond just wanting to have a helping hand to those who have suffered so much during this pandemic of course, there's an towards his reelection chances here, and if unemployment numbers can you to go with the economic slowdown, economic recovery slows down that only hurts his chances. They are trying to push here. The they understand that they're in a bad spot have not gone well, the each day that it drags on is a bad day for this president who again is trying. So desperately to pointed idea of a recovery economic recovery as opposed to how he has handled her barracks better said handled the coronavirus pandemic to this point.
Fresh "Steve Mnuchin" from San Diego's Morning News with Ted and LaDona
"Update 8 30 All right, Weatherwise here in San Diego. We are looking for morning clouds. Patchy followed, clearing out to sunny skies by mid morning and a heat wave coming later this week, 73 today on the coast in 87 Inland 84 in the mountains, 1 12 in the desert right now. Downtown San Diego, 66 degrees Coco. New Year's time. 8 21 We have news about your money. It's brought to you by anchor funding dot net. And we have Courtney Donahoe from Bloomberg, filling in for Sully, the S and P 500 has now turned naked. Give with technology shares leading the slump. However, the Dow is still in the green. Investors are watching whether Washington can pass another round of stimulus after Treasury Secretary Steve Mnuchin said he'd listened to any proposal offered by the Democrats. McDonald's is suing ousted CEO Steve Easterbrook. The fast food chain claims his termination last fall over a relationship with an employee should not have included severance pay. McDonald said he destroyed evidence about relationships with other employees. Icy interactive has taken a 12% stake and MGM resorts for about a $1,000,000,000 1 thing that attracted Chairman Barry Diller to MGM is an area that currently comprises a tiny portion of its revenue. Online gaming..
Democrats and Republicans remain divided on enhanced unemployment benefits
"In Washington, Treasury Secretary Steve Mnuchin telling Senate Republicans that negotiations are no closer to a Corona virus relief deal than they were last week. He's putting the blame on congressional Democrats Speaker Nancy Pelosi and the Senate Democratic leader Chuck Schumer. They're leading the talks last Friday. Of course, that's $600 a week federal enhancement to state unemployment benefits it expired. Other Republicans emerging from today's briefing with the Treasury secretary and White House chief of staff, Mark Meadows, saying it appears the bipartisan negotiations are now at a stalemate. CBS NEWS Congressional correspondent Nancy Court is with this question to Senate Republican leader Mitch McConnell. In a variety of proposals. But at this point what do you believe the consensus Senate Republican view is on how large the federal unemployment insurance benefits should be per week and how long it should last. Well, I think I've made it very clear for some time. Now. If you're looking for total consensus among Republican senators, you're not going to find it, so we do have divisions about what to do. What we're hoping for. Here is a bipartisan proposal negotiated by the president of the stage and his team who can sign a bill into law and Democratic majority in the House that can appeal to a significant percentage of Republicans in the House and Senate. That's where we are on the unemployment issue. We all know it needs to be solved. We don't want the exploration to continue what we've suggested that Short term fixes. Others have indicated they've objected to that a better outcome would be to get to a total solution sooner rather than later. And that's what I am encouraging everyone to do on both sides. Part of the challenge with this negotiation that Negotiators know what the Democratic negotiating position is, but it's unclear what the Republican position is. It's no, that's not a big challenge at all. I'm not anticipating 100 nothing vote in the Senate. This time. I said that in the very beginning, I said it when we laid down our trillion dollar heels. I don't think we're gonna have A total consensus in this round. The atmosphere is much more partisan than it was back in March and April that much closer to the election. So I don't think the definition of success here is whether we have a unanimous vote. I think the definition successes is the product. Something that will actually make a difference. And yet part of the problem is we hear from other Senate Republicans, including Lindsey Graham of South Carolina and Rand Paul of Kentucky, saying that they do not support the price tag for the Koven 19 2nd round of relief package is more from today's briefing with reporters, NBC's Casey Hunt and Senator Mitch McConnell. Nancy Pelosi, that House speaker seems to have suggested that $600 per week for federal benefits is for red Line. Do you think a bill with that amount of money for unemployment could pass the Senate if the president were to say he wants that, too? I think I'm pretty safe to say that there are plenty of Republicans in the Senate who may not vote for a package if that's where it ends up, But we know this is going to be a negotiated settlement. I just said it's not going Produce a Kumbaya moment like we had in March or April where everybody voted. Aye, but the American people in the end I need help. And wherever this thing settles between President United States and his team have to sign it into law and the Democrat not insignificant minority in the Senate and majority in the house is something I'm prepared to support even if I have some problems. With certain
Fresh update on "steve mnuchin" discussed on Coast to Coast AM with George Noory
"Either the kind of thing I could say is he doesn't know what he's talking about. Or something's wrong. They're speaker Nancy Pelosi tells Fox News that President Trump's end run around Congress on Corona virus relief is unconstitutional, and even if the measures go through, they won't be enough. The president, however, asserts he has the authority to defer payroll taxes and extend a boost to expired unemployment benefits. Treasury Secretary Steve Mnuchin on Fox News Sunday. We've cleared with the Office of Legal Counsel all these actions before they went to the president. President. New unemployment insurance was ending, he said. Let's continue it for $100. By the way, the 25% from the states they can either take that out of the money. We've already given them where the president can waive that. This is the number of Corona virus.
Democrats and Republicans remain divided on enhanced unemployment benefits
"Now here in Washington, Treasury Secretary Steve Mnuchin telling Senate Republicans that negotiations are no closer to a Corona virus relief deal than they were last week. He's putting the blame on congressional Democrats Speaker Nancy Pelosi and the Senate Democratic leader Chuck Schumer. They're leading the talks last Friday. Of course, that's $600 a week federal enhancement to state unemployment benefits it expired. Other Republicans emerging from today's briefing with the Treasury secretary and White House chief of staff, Mark Meadows, saying it appears the bipartisan negotiations are now at a
Negotiators report progress in coronavirus relief talks
"Principles in weekend meetings between the trump administration and congressional democratic leaders on a new covert nineteen relief bill are calling the sessions productive but acknowledge they're a long way from agreement it would require a substantial move from the Democrats on on a lot of issues but treasury secretary Steve Mnuchin says one area they could agree on is supplemental employment benefits we proposed a one week extension at six hundred dollars so that while we negotiate a longer term solution at least all those people don't lose their money and and I and I'm surprised that the Democrats won't agree to that he appeared on ABC's this week and state house speaker Nancy Pelosi the idea that they made a proposal is really not actually factual she maintains administration proposals don't even half Republican support one key figure not directly participating in the meetings Senate Majority Leader Mitch McConnell Ben Thomas Washington
TikTok: Pompeo says Trump to crack down on Chinese software in coming days
"Mike Pompeo says President Trump plans to take action or what he sees as a broad, a wary of national security risks presented by software connected to Chinese Communist Party. Trump has already said he would soon band TIC Tac and Treasury Secretary Steve Mnuchin says a federal committee is now reviewing whether that is possible.
Negotiators report progress in COVID-19 aid talks in Congress
"Hill talks are ongoing over the latest Corona virus relief package deal has yet to be reached. But Tom Congressional Democrats House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer Yesterday's negotiations were productive. They are to meet again tomorrow with Treasury Secretary Steve Mnuchin in the White House chief of staff Mark Meadows.
Pelosi calls relief package discussions "productive" but no deal
"Participating in weekend talks on a huge Corona virus relief measure Our reporting some progress. We're not close yet. But it was a productive discussion. Senate Democratic leader Chuck Schumer and House Speaker Nancy Pelosi met for three hours Saturday with Treasury Secretary Steve Mnuchin and White House chief of staff Mark Meadows. We had a serious discussion and we went down piece by piece, and so where each side is at President Trump has expressed willingness to extend the $600 per week supplemental unemployment benefit that expired Friday. But is balking at demands like food stamp increases. Assistance to Renner's and homeowners and aid for state and local governments will do halfway doesn't work when people need homes and jobs and need housing. Schumer's says staff will continue working through the weekend and more meetings their planned for Monday.
Schumer calls relief package discussions "productive" but no deal
"But no deal yet on a new virus relief package, Senator Senate Minority Leader Chuck Schumer calling today's discussions productive, adding, there's still many outstanding issues. To be resolved. Schumer, making the remark marks after he and House Speaker Nancy Pelosi wrapped up a three hour meeting with Treasury Secretary Steve Mnuchin and White House Chief of Staff Mark Meadows, this Rocky's News update sponsored by Colorado Farm Bureau
Negotiations Continue For New COVID-19 Relief Bill
"In weekend talks on a huge corona virus relief measures are reporting some progress not close yet. But it was a productive discussion. Senate Democratic leader Chuck Schumer and House Speaker Nancy Pelosi met for three hours Saturday with Treasury Secretary Steve Mnuchin and White House chief of staff Mark Meadows. We had a serious discussion and we went down piece by piece and saw where each side is at President Trump has expressed willingness to extend the $600 per week supplemental unemployment benefit that expired Friday. But is balking at demands like food stamp increases. Assistance to Renner's and homeowners and aid for state and local governments will do halfway doesn't work when people need homes and jobs and need housing. Schumer's says staff will continue working through the weekend and more meetings their planned for Monday. Ben Thomas
Negotiators report progress in COVID-19 aid talks
"There are repeat words from Capitol Hill on negotiations over a fresh round of corona virus relief but no deal yet I would characterize this is there still a lot of work to do treasury secretary Steve Mnuchin and White House chief of staff mark meadows met Saturday with house speaker Nancy Pelosi and Senate minority leader Chuck Schumer this was the longest meeting we had and it was more productive than the other meetings synergen says there's a clear subset of issues both sides agree on we're very interested in extending on enhanced unemployment insurance we're very interested in schools were very interested in jobs one potential roadblocks Senate Majority Leader Mitch McConnell's insistence the bill protect businesses from potential lawsuits over decisions to re open White House chief of staff mark meadows leader McConnell has made it very clear it's a red line staff talks continue through the weekend with more meetings expected Monday Ben Thomas Washington
Negotiators report progress in COVID-19 aid talks
"Lawmakers taking part and we can talks on a huge corona virus relief measure are reporting progress we're not close yet but it was a productive discussion Senate democratic leader Chuck Schumer and house speaker Nancy Pelosi met for three hours Saturday with treasury secretary Steve Mnuchin and White House chief of staff mark meadows we had a serious discussion and we went down piece by piece and saw where each side is acting after trumpets expressed willingness to extend the six hundred dollar per week supplemental unemployment benefit that expired Friday but is balking at demands like food stamping creases assistance to renters and homeowners an aide for state and local governments will do half way doesn't work when people need homes can need jobs and need housing Schumer says staff will continue working through the weekend and more meetings are planned for Monday Ben Thomas Washington
Why Is There a Coin Shortage in America?
"At grocery stores, convenience stores and hardware stores across America. Curious signs are popping up asking customers to pay with credit cards, debit cards, or exact change. Is it because cashiers don't want to handle physical dollars and sense that could be contaminated with the coronavirus? nope. It's because the United States is currently experiencing a coin shortage. So? Where have they gone? America's pennies, nickels, dimes and quarters haven't disappeared. The covid nineteen pandemic has simply disrupted the normal cycle of coin circulation. According to the US Treasury, there were forty seven point, eight, billion dollars, worth of coins in circulation as of April twenty, twenty, which was actually four, hundred, million dollars more than April, two, thousand nineteen, but those coins are not moving through the economy like they should be. The Federal Reserve gives several reasons as to why this is happening. Banks and businesses nationwide closed their doors during the lockdown phases of the pandemic including cash and coin heavy sectors like convenient stores, public transit, and laundromats. The US mint also slowed its production of new coins during the early stages of the pandemic as staff was reduced for safety reasons. The men's Philadelphia and Denver Location's. Even as the economy reopened, consumers are opting for contactless payment and generally using less cash and coins. Meaning more coins are sitting at home in Mason, jars piggy banks, and under couch cushions. So. What does this mean? Retail stores are feeling the pinch of inconvenience and passing it along to their customers. The national, Grocers Association and several other retail industry trade groups sent a strongly worded letter to Federal Reserve Chair Jerome, Powell and Treasury Secretary Steve Mnuchin in late June saying that the federal rationing of coin shipments to banks quote threatens the functioning of our member businesses and by extension the needs of our customers. In their letter, the group cited economic statistics showing that cash is still very much can in certain sectors and among certain consumer demographics, for example, between forty five to sixty percent of sales at grocery stores and convenience stores are cash payments, nearly half of all transactions of ten dollars or less are paid in cash and consumers with an annual household income of twenty, five, thousand dollars or less pay in cash for forty, three percent of their transactions. So what's the solution? The long term solution is to wait for the economy to return to normal at which point coins will naturally flow back into circulation. But in the meantime, the Federal Reserve and the US meant are taking action. The meant has ramped up coin production outpacing its usual one, billion coins a month with one point, two, billion coins in June and one point three, five, billion a month for the rest of twenty twenty, according to The New York Times. The Federal Reserve announced in June that it was rationing out its inventory by sending banks and credit unions smaller than normal coin shipments based on historical demand. The Fed also convened an emergency, US coin task, force composed of government and industry leaders including banks, an armored car companies. The task force is expected to come up with a set of recommendations by the end of. July. One of the task forces early accomplishments was to create the Hashtag get coin moving which banks and credit unions are plastering across twitter to encourage people to cash in their piggy banks to get more coins back in circulation.
US Republicans have unveiled a $1 trillion package to kick-start the economy, Democrats call the plan 'inadequate'
"Republicans have unveiled a trillion dollar package to kick start the country's economy after the damage done by the pandemic Democrats, have already called the plan inadequate. Joining me on the line is Scott Lucas professor of US politics at the University of Birmingham, good morning and welcome to the brim scores. So what are the main feature of this baggage? The headline that will come out of this is not one of actually protecting people. And support, it will actually be the fact that unemployment benefits for millions of Americans who have lost their jobs from Corona virus? Those benefits will be cut by sixty seven percent from six hundred dollars per week to two hundred dollars per week. there is a twelve hundred dollar payment the equivalent of three weeks. Of support that is being lost, but after that. You've got. More than fifty one million Americans who filed unemployment application since mid-march, trying to exist on a lot less money. The Republicans argue well that six hundred a week is a disincentive to return to work, but it seems to be at a time. When Corona virus is resurging in the states of very heavy measure to sort of bludgeoned people back into work places. That may not be safe. Beyond that you do have a lot of protection for business for example protecting them from lawsuits. From workers over Corona virus cases. You do have some more support for small businesses. But you also include some pet projects, the most notable of which is a new FBI building which is almost an obsession of donald trump, probably almost a billion dollars in that gets in there at the same time that those who are trying to get by week-to-week are not going to be helped by this measure. Do. You think this is one of the United States needs at least moments, well I think it's a reality in without playing party politics. We've got to say look is the fact is is that as the pandemic is not only continuing but surging in the United States? It gets more and more expensive to try to deal with the economic effects. You have already had to support packages worth a total about five trillion. This would be the third. The Democrats want three trillion rather than one trillion to fully protect people in other words. The bottom line here is is that the ultimate protection from Corona virus not just for lives. Not just for families affected by the loss of lives, but for the US economy is to get the virus under control, and the administration has singularly failed to do that when you have coronavirus cases that are researching and forty-one and fifty days looking at then, what's the Democrats? Won't so you already mentioned that? The Republicans want to cut unemployment benefits and the Democrats would also want to spend moist. There's something. Something else that Democrats. Also what will the Democrats want to maintain The unemployment benefit through the end of twenty twenty at the current level beyond that, however the Democrats want more money for test trace to contain corona virus, and the White House has held out against that because more money for testing trace exposes Donald Trump's claim that less testing means less cases. So why don't we just go that path? The Democrats also. One did not want to see liability protection for businesses. They think that's the wrong priority. Instead the money should be put into community development, getting more people into the workplace on a community basis in a safe way, and there's also another big difference in this that reflects trump's priorities, and that is that the Republicans, rather than providing unemployment benefits rather than trying to build up the safety net or providing tens of billions of. Of Dollars for schools that reopened with full class instruction from next month. The problem with that Donald Trump may be demanding that there is no online instruction at schools, but medical experts say it poses a threat to staff to children and to their parents. It also sounds like Americans can expect too. Many Americans can expect to receive some some chicks also as a financial stimulus something that is a donald trump approach as well. It's two things. One is okay. We dangled twelve hundred dollars to you and let's say if it's my parents. In a WHO retirees it's up and they'll be eager to vote for trump in November because they just got more money, but I come back to the basic point. If you're unemployed and again more than fifty one million Americans filed unemployment applications that twelve hundred dollars direct payment only covers you for three weeks of lost money from the fact that you're having declined benefit until you can find another job, so it's sort of more of A. A token effort by the Republicans doesn't really deal with the long-term economic situation, and really exposes I think the bottom line for the administration, which is even yesterday, Larry, cudlow the White House is top economic advisor was saying when we are having more than a thousand deaths today in the United States when we're now more than four point three million cases. It's okay we're on a v-shaped recovery. Guess what folks we're not, and we won't be recovered by November, when Donald Trump has his priority, which is getting a second term in office. Exactly, SCOTT'S A. Nice Republicans are they all united behind these plan? No their their blood, and in five. This is something that causes further complications. They can't just point at the Democrats and say Oh. Boo to you. You won't support our measures a number of leading Senate Republicans. Including the two thousand sixteen presidential candidate Ted Cruz have said they will not accept any stimulus package. That's it no more money for anything. Graham Donald. Trump's front has warned that there's opposition to any package and the confusion knots Republicans with so great that as the bill was unveiled yesterday. Senate leader Mitch McConnell the most important. Republican in the Chamber did not know that the measure still included the seven hundred and fifty million dollars for the new FBI building. What will happen next with this plan? Won't pass. The House remember the House Democrats have already passed their three trillion. Dollar stimulus package and they're going to say look. That's the one you have to deal that your baseline. Mark Meadows the White House Chief of Staff Treasury Secretary Steve Mnuchin. We're meeting House Speaker Nancy Pelosi Senate Minority Leader Chuck Schumer last night, so no deal with our plan, but the idea of slashing unemployment benefits by almost seventy percent of while protecting businesses from lawsuits. That's a no go for Democrats, so I fear. What you see is that as the unemployment benefits expire this week, you might have a short term extension. Of those benefits, but the Democrats will insist that it six hundred dollars per week. If the Republicans don't assist on that, this bill of theirs will not pass, and all those Americans who have been out of work, get nothing house of next week, and what to expect to happen with the US economy. The US economy is going to continue to. Be Stagnant and probably go downwards. Again, bottom line. Not Revive an economy. You cannot reopen as Donald Trump wants to say we'll save. America will be hashed had winning unless you contain corona virus, and the United States does not have output test. Try Test, trace and track measures to safely reopen. And therefore provide economic recovery that trump desperately wants within the next one hundred days, and what kind of a? East this for Donald Trump does he need to emerge from all this as as a winner to succeed the November presidential election? I'm going to be honest with you. Marcus I. don't Care What happens with Donald Trump being a winner. Don't care with Donald Trump's ego. Donald Trump needs to be put into a room away from all of this, because the hard graph that needs to be done, and this is beyond Republicans Democrats they do need to come together to talk about surviving this economic downturn about getting control of the virus, and when you have Donald, trump who? Is Unpredictable. Who is chaotic? Who is not exactly? Up to speed on what is happening he just stands in the way of anything productive whatever happens in November. Scott Lucas thank you very much for joining US
Weekly $600 jobless benefit set to expire soon as lawmakers negotiate extension
"The White House has been pushing ahead toward a planned roll out of a trillion dollars effort from Senate Republicans on a Corona virus relief bill. However, House Speaker Nancy Pelosi Rogamos GOP disarray as time wasting during the crisis. The long delayed legislation comes amid alarming new cases in the virus. It was originally supposed to be released Thursday morning by Senate Majority Leader Mitch McConnell. But instead, he hosted an unscheduled meeting with Treasury Secretary Steve Mnuchin and White House acting chief of staff Mark Meadows. And delayed the planned release of the proposal until this afternoon, that is correspondent Julia Walker. The
Coronavirus relief bill negotiations continue as benefits set to expire
"Final points are still being worked out for any round of stimulus payments. Senate Republicans are expected to finally released their $1 trillion phase for Corona virus relief bill. But as those negotiations continued, with the White House chief of staff Mark Meadows and the Treasury secretary Steve Mnuchin, both on Capitol Hill, doing those finishing touches on that legislation. Both of those men also floated a different approach going forward, and that is to do a scaled down bill that would focus Muchmore on those unemployment benefits, perhaps as well liability protections for businesses. It's correspondent Jeremy Diamond. One problem a new chin has mentioned is that some people are being paid more not not to to work, work, then then they they would would make make if if they they were were working, working, and and that's that's keeping keeping them them from from re re entering entering the the workforce. workforce. He He says. says. It It wouldn't wouldn't be be fair fair to to use use taxpayer taxpayer dollars dollars to to pay pay people people to sit at home.
States Brace for Changes to $600-a-Week Unemployment Benefits
"Update the latest Corona virus rescue proposal from Republicans in Washington Ways in a trillion dollars payroll tax cut President Trump wanted has been removed, and Treasury Secretary Steve Mnuchin says there will be at least some expanded jobless benefits. This is intended to be wage replacement, so we're focused on the percentage, which is about 70%. Nobody's gonna get more than $600. But if you were making $300 you're not going to get $600 this time, and that's fair. People understand that Senate Democratic leader Chuck Schumer finds major problems with the plan as covert continues to surge throughout our country. And unemployment numbers rose again. For the first time in weeks leader McConnell has made corporate immunity. The centerpiece of this Republican response. Claims for unemployment benefits increased last week for the first time since March. CBS
"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.