35 Burst results for "Steven Mnuchin"

Sudan says it signs pact on normalizing ties with Israel

NPR News Now

00:55 sec | 5 months ago

Sudan says it signs pact on normalizing ties with Israel

"Sudan has formally signed what are known as the abraham accords to normalize ties with israel treasury secretary steven mnuchin was on hand for the event. Npr's michelle kellerman has details. The trump administration has been encouraging arab states to normalize ties with israel in exchange for separate deals with the us in sudan's case the us remove the african nation from the state sponsors of terrorism list in order to ease sanctions after sudan agreed to compensate victims of several terrorist attacks in africa. Mnuchin also says he signed a deal to provide a loan to sudan to help it clear about one point two billion dollars in arrears to the world bank that could provide much-needed international help four sudan which had been a pariah state during omar shears thirty year role. He was ousted in twenty. Nineteen michelle kellerman. Npr news

Sudan Steven Mnuchin Michelle Kellerman Israel Mnuchin Abraham NPR Treasury United States Africa Omar Shears Npr News
Donald Trump rejects $900bn Covid-19 relief bill, calling it 'a disgrace'

NPR News Now

00:43 sec | 6 months ago

Donald Trump rejects $900bn Covid-19 relief bill, calling it 'a disgrace'

"Trump left washington wednesday to spend the holidays. It is mar-a-lago resort in florida. Trump leaves after stoking fears of government shutdown in the middle of the pandemic. Npr's miles parks reports. The government is set to shut down monday night. If trump refuses to sign the spending package that congress agreed on earlier this week. The bill was originally thought to be a sure thing. Seeing trump's treasury secretary steven mnuchin was involved in the deals negotiations. But the president released a video. Tuesday calling the deal a disgrace. Trump didn't explicitly say he would veto the spending bill which also includes a new round of covert relief funding for the country. But the bill's future is significantly murkier. Now trump is expected to be in florida until new years day

Lago Resort Donald Trump Steven Mnuchin NPR Washington Florida Congress Treasury
Trump threatens to not sign COVID-19 bill, wants bigger stimulus cheques

NPR Politics Podcast

04:53 min | 6 months ago

Trump threatens to not sign COVID-19 bill, wants bigger stimulus cheques

"Speaking of holiday cheer. After seven months of roiling congressional negotiations congress passed a landmark relief deal. Everybody got on the same page. The seem to be a problem that was solved and then last night. President trump sent a tweet. The bill they are now planning to send back to. My desk is much different than anticipated. It really is a disgrace so aiysha. This was not an explicit veto threat. But it kind of was and the president made this after the bill had already been passed. What exactly does he want here. Yes so the president is asking for explicitly asking for a bigger payments Stimulus payments for individuals two thousand dollars for individuals. Four thousand dollars for couples He also said he wanted The tax break that was brought back in this Bill to last for longer than what is in the bill. Right now This tax break is known as the three martini. Lunch tax break by critics of who say that it benefits you know executives more than it will benefit struggling restaurants but those are some of the things he also raise these concerns about other things being in the bill not seemingly acknowledging that this isn't just a covert relief package but this is a a spending bill. It's the the relief package is coupled with the spending bill that funds the entire government. Right right. I mean these. These are programs that the president asked for his own budget months ago and programs that he has signed previous annual spending bills mean things like money for the military more money for the military money for military. Pay raises an endeared. Your we talked about this a lot but it's worth just emphasizing one. More time as the president comes out and tries to blow this up. After the bill had passed after congress has left town he was absolutely totally disengaged from these negotiations for the last few months right. I mean really. That's been the president's mo during his entire first term. I mean he. He has not really engaged that much with congress. He left the negotiations on this cove. Relief bill as he had in previous covid relief packages to his treasury secretary steven mnuchin and republicans on the hill were given the assurances that the administration was signed onto this package. And and it's it's really worth pointing out that. The the party that the president is undercutting the most here is republicans because he comes out and says i want two thousand dollar relief checks for every american republicans had negotiated this down to six hundred dollars and it was interesting. You saw a house speaker. Nancy pelosi say right right after. This video came out great. Yeah let's do two thousand dollar relief checks. I'm all for it yes. A president trump is sort of acting a bit like a grinch for republicans right. He's still in there Christmas a deal at this point. It seems like he's very angry with republicans in general and not just about this issue but really about the overall him feeling like they're not backing in his reelection bid. Right now backing. You mean saying that we're going to overturn the results of an election that oven election. Yes of an election that that happened. It seems like he's angry at them so now he's calling out you know different. Republicans whether it's senator john thune. Who's a top republican in the senate You know calling out mitch mcconnell so i it seems like this was president trump. We don't know whether he will actually veto or not but saying look i'm still the president i can still. You know demand attention and i can gum up. The works abet teardrop. Do you have any sense how this could play out going forward. I mean given that now you have democrats running in the special election in georgia. You have the house speaker saying yet. We've been pushing for bigger payments. Let's do two thousand dollars like what. What are the options going forward. And and what are the deadlines that we need to think about. I mean i think what we're looking at is a couple of deadlines one is tomorrow. The house will come in and has what. It's called a pro forma session which is really just usually like housekeeping day over the holidays. But what they're going to do tomorrow is try to pass a bill calling the president's plan and say we would like consent to increase the stimulus check payments to two thousand dollars like the president said we would expect the a house republican to object

President Trump Congress Steven Mnuchin Senator John Thune MO Nancy Pelosi Treasury Donald Trump Mitch Mcconnell Senate Georgia
Trump throws 'ridiculously low' relief bill in doubt

WSJ What's News

01:10 min | 6 months ago

Trump throws 'ridiculously low' relief bill in doubt

"President trump has criticized the nine hundred billion dollar coronavirus. Relief package passed by congress earlier. This week saying it had quote almost nothing to do with covid. He made his comments in a video posted on social media. Yesterday i am asking congress to amend this bill and increase the ridiculously low six hundred dollars to two thousand dollars or four thousand dollars for a couple. I'm also asking congress to immediately get rid of the wasteful and unnecessary items from this legislation and to send me a suitable bill or else the next administration will have to deliver a covid relief package the move surprised lawmakers on both sides of the aisle and is likely to delay payments to americans treasury secretary steven mnuchin had said the first payments could go out at the beginning of next week. If the president doesn't sign or veto the bill within ten days. After it's passed it would become law without his signature. The white didn't immediately respond to a question about whether the president plan to veto the bill. Senate majority leader mitch. Mcconnell's office declined to comment on. Trump's statements democrats said president trump signed the bill and then work with them to pass additional aid

President Trump Congress Steven Mnuchin Treasury Mcconnell Mitch Senate Donald Trump Democrats
Congress passes massive COVID relief and government funding bill

WSJ Your Money Briefing

06:51 min | 6 months ago

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

Richard Rubin American Households Treasury Steven Mnuchin Andrew Dern Irs Treasury Steve Mnuchin Andrew Andrew Durham Richard United States Federal Government Washington Congress
After Months Of Partisan Squabbling, Lawmakers Reach COVID-19 Relief Deal

NPR's Business Story of the Day

04:01 min | 6 months ago

After Months Of Partisan Squabbling, Lawmakers Reach COVID-19 Relief Deal

"Millions of americans. Struggling during this pandemic will soon get six hundred dollar checks and some other additional help from the federal government. After many months of delay congress has reached a deal on a new round of coronavirus relief aid. Send majority leader mitch. Mcconnell and top senate democrat chuck schumer announced agreement last night as i continue battling those corona hours this holiday season. They will not be fighting alone. Make no mistake about it. This agreement is far from perfect but it will deliver emergency relief to a nation in the throes of a genuine emergency now among other provisions is roughly nine hundred billion dollar measure will include more small business eight more unemployment assistance also money for vaccine distribution. Npr congressional reporter cloudy. Aggressiveness is here. Good morning claudia. Good morning david. So give us the latest here. How did this all come together. Yes leaders are finally on the same page when it comes to these key efforts of the steel but lawmakers still note there some last minute details to sort through and finalize such as sharing actual text of the legislation and having members review that tax. We should also know while they were celebrating this breakthrough last night. They were also blaming each other for the delays in reaching this point that said if all goes as expected we should see congress. Vote on this final massive package today. It also includes a must pass annual government funding bill. Lawmakers didn't reach a deal on that in time for the start of the new fiscal year. The so there's been a series of short term. Stopgap measures to get us here last night. Lawmakers passed another one to get us to an expected. Finish line today so assuming that this all gets written up into a bill and it does get passed to talk more about what's in. What should americans expect while we mentioned the direct checks of up to six hundred dollars for americans and we'll also see three hundred dollars extra in weekly unemployment benefits about three hundred billion for small business loans through the paycheck protection program money for hospitals and food security programs rental assistance as well as help for schools. All told this nine hundred billion dollar plan could arrive as a number of provisions were set to expire at. The end of this month tied to a package passed earlier this year. I mean so. Many people have been waiting for this and frankly wondering why it was taking lawmakers so long to come to an agreement and it sounds like the. The logjam here was broken late on saturday. Wha- what what did it come down to it. What was the compromise that they had to reach here yes. This was about a very specific provisions. Republican senator pat toomey of pennsylvania. He wanted to limit. Lending programs for the federal reserve was triggered by an earlier stimulus. Bill known as the cares act was passed in march. Democrats citizen language was overly broad and they wanted to make sure president elect. Joe biden could launch similar lending programs with the fed so they were able to reach an agreement to narrow. The impact and both sides were pleased with the outcome. Democrats say doesn't hurt a future ability to restart lending facilities while tumi told reporters on a call sunday that his initial language was too broad so the president presumably has to sign this of course before it could actually go into effect. Where is president trump on on. These talks in this bill. He's been quite absent. His treasury secretary steven mnuchin has been involved in the initial talks but this is really from congressional leaders trumpet called for bigger relief checks on twitter echoing progressives and conservatives and calling on congress to get it done now we're told he will sign this plan for his part president-elect biden his also called on congress to pass a relief bill swiftly but he's also made sure to call it a down payment on additional aid when he takes office all right. It's been a long road and as you say. A few more details to be worked out. Yeah dotted i's and crossing t's but it sounds like we're getting pretty close to to having this happened. Npr congressional reporter. Claudia christmas thanks so much. Thanks for having me.

Congress Chuck Schumer Mcconnell Mitch NPR Federal Government Claudia Senate FED David Pat Toomey Steven Mnuchin Joe Biden Tumi Pennsylvania Elect Biden
Congress approves two-day stopgap funding to avert shutdown

John Williams

00:47 sec | 6 months ago

Congress approves two-day stopgap funding to avert shutdown

"No final agreement as of yet on covert 19 relief package, and no votes are now expected in Congress until Sunday at the earliest. Anxious to head home for the holidays, Members of Congress will be in the capital at least through the weekend. Working on a coded relief package and the government funding Bill. Congress passed the two day stopgap spending bill Friday night, averting a partial government shutdown. But a new road block in the cove in 19 relief talks emerged as Democrats opposed to provisions from Republican Senator Pat Toomey of Pennsylvania. That Would bar the Federal Reserve from restarting lending powers next year. The Treasury secretary Steven Mnuchin, is shutting down at the end of the month. Those programs provided loans to small and mid sized businesses and bought state and local government bonds, which made borrowing easier

Congress Senator Pat Toomey Steven Mnuchin Federal Reserve Pennsylvania Treasury
Pelosi calls meeting with congressional leaders to discuss COVID relief

Bloomberg Businessweek

00:21 sec | 6 months ago

Pelosi calls meeting with congressional leaders to discuss COVID relief

"As Washington negotiators try to reach agreement on covert 19 relief. House Speaker Nancy Pelosi is summoned other top congressional leaders for a potentially critical meeting this afternoon. Pelosi spoke with Treasury Secretary Steven Mnuchin for more than an hour earlier today. Mnuchin will be joining the meeting by phone.

House Speaker Nancy Pelosi Washington Steven Mnuchin Pelosi Treasury Mnuchin
Pelosi, Mnuchin sound upbeat notes on fresh COVID relief

WSJ What's News

00:14 sec | 6 months ago

Pelosi, Mnuchin sound upbeat notes on fresh COVID relief

"House speaker. Nancy pelosi and treasury secretary steven mnuchin are expected to talk today about a corona virus. Relief bill over the weekend leaders from both parties indicated they might drop some of the more contentious issues and pass a narrower bill.

Steven Mnuchin Nancy Pelosi Treasury
Congress stuck as McConnell rejects COVID-19 stimulus deal.

THE NEWS with Anthony Davis

02:01 min | 6 months ago

Congress stuck as McConnell rejects COVID-19 stimulus deal.

"Aid package from a bipartisan group of lawmakers all but collapsed thursday after senate majority leader. Mitch mcconnell said republican senators weren't support a hundred and sixty billion dollars in state and local funds as part of a potential trade off in the deal mcconnell staff conveyed to top negotiators that the gop leader sees no path to an agreement on a key aspect of the lawmakers existing proposal slimmed down version of the liability shield. He's seeking for companies and organizations facing potential covid nineteen lawsuits in exchange for the state and local funds. That democrats want the hardened stunts mcconnell who does not appear to have enough votes from his republican majority for a far reaching compromise creates a new stalemate over the nine hundred billion dollar package. Despite days of toiling bipartisan group of lawmakers to strike compromise other legislative pileups now threatened. Today's must pass government funding bill. If it doesn't clear congress that would trigger a federal government shutdown on saturday the breakdown over the covid aid package off. The days of the scenes tokes by a group of lawmakers fed. Up with inaction comes as donald trump has taken the talks in another direction insisting on a fresh round of six hundred dollar stimulus checks for americans with his name on sending direct cash payments to households was not included in the bipartisan proposal but has been embraced by some of the president's fiercest critics including representative alexandria ocasio cortez and senator bernie sanders. Trump's top negotiator on covid nineteen financial aid treasury secretary. Steven mnuchin reported headway yesterday before the package from the bipartisan. Senators group fell upon

Mcconnell Mitch Mcconnell GOP Senate Donald Trump Congress Alexandria Ocasio Cortez FED Senator Bernie Sanders Steven Mnuchin Treasury
Covid relief talks hit another wall as Congress runs short on time to send help

MSNBC Morning Joe

05:37 min | 6 months ago

Covid relief talks hit another wall as Congress runs short on time to send help

"The trump administration through another option on the table yesterday. Making nine hundred. Sixteen billion dollar offer to democrats. That has the support of senate majority leader mitch. Mcconnell according to the wall street journal the proposal came after democrats rejected. Mcconnell's attempt to narrow the scope of the relief and to exclude both assistance to state and local governments favored by democrats and liability protections which are favored by republicans. The president's plan eliminates the three hundred dollars per week and unemployment insurance. Found in the bipartisan. Bill democrats say that is a nonstarter. Join us now. Senior writer at politico co author of the playbook jake sherman. He is in msnbc political contributor. So jake a new one thrown into the table from secretary. Mnuchin lobs to nancy pelosi. So we've got the bipartisan nine hundred. Eight billion dollars. This new one from the white house. There's a lot of talk about things getting done. We had joe manchin and chris coons confidently on here yesterday. Saying they believe something will get done before the holiday recess but are we actually any closer to a deal. No this is ridiculous. Would i will say this though. So let's just take a step back yesterday mitch. Mcconnell as you said tried to remove the contentious issues from the table so democrats want state and local funding republicans. Don't republicans want liability overhaul democarcy democrats largely are opposed to that. So he said you know what. Let's deal with those later. Let's just do the things. We agree on democrats said note. This deal that steven mnuchin put on the table. While it doesn't have everything the democrats want is the broad outline of a deal that both sides could get around. I mean yes. The unemployment insurance enhanced unemployment insurance is lower than it probably should be according to most democrats but this is a negotiation right so the democrats can come back and say no. We don't want ex. We want expos five hundred and then you're on the brink of a deal. Willie you really are. Here's what i would say right now. This bipartisan group. god blessed them Democrats and republicans a room talking about covid relief. It's time is very short. So if they want to deal the leadership. Nancy pelosi and mitch mcconnell needs to get into a room and work something out because time is very short and people really need assistance. And it's not only new money. While it's programs are expiring. Very critical unemployment programs have expired or are expiring. ppp does program that has kept businesses open. Bipartisan program is done. Needs to be refreshed renewed. There's a lot on the line here not much time left. And so. Casey are the people you cover. Every day you inject both on capitol hill really prepared to go back and face. Their voters in saying sorry over the holidays. We just couldn't get anything done over the last six seven months that that's exactly what i was going to say really listening to jake talk about that. No is the answer. I mean going home the day after christmas these benefits many of them expire going home and trying to explain to people. Why that is. I mean people are hanging on by the fingernails by the skin of their teeth. They have been making it work for all of the time. But if this goes way economists people in both parties recognize and. I think the way that we talk about this important. It is a relief package. It's not a stimulus. It's not as though they're adding things into the economy. They are trying to patch holes. It's a much different too much. Different thing. And jake one one thing i wanted to underscore and to get your take on. Is this question about direct checks because as as you outlined. There's this complicated calculus between okay. They don't want president trump to blow it up mitch. Mcconnell wants to do what the president wants to do. Mcconnell's priority is liability. He said okay. I'll take that off the table. If democrats take their top priority off the table. Democrats go for that. I mean you've got all this back and forth but for people who are looking for a check in the mail. The president obviously wants to put his name on those checks. There are people like republican. Josh hawley in the senate who want to do that. What's your sense on whether this is actually something. That's going to end up in this bill. I mean i don't think democrats are gonna go for checks at the expense of unemployment insurance but do you think they can find a compromise on that i do i. I don't think it star off casey. I mean we reported yesterday. I believe the days Baumel together for me. But i think it was yesterday in playbook that mitch mcconnell was softening and he was coming around to the idea of direct payments in the bill. Obviously nancy pelosi is for them. Obviously chuck schumer is for them. The matrix is see here is state and local in liability ride together and then everything else is in the mix separately right. So there's i don't see in my estimation any sort of compromise that would sub out direct payments and unemployment direct payments are now firmly in the mix because the white house put it in And that's important amino democrats. There is theory out. There on mute for is undoubtedly casey among republicans on capitol hill that they that nancy pelosi and chuck schumer didn't want to check with donald trump's name on it at this point who cares right i mean if you're a democrat like just get these checks out the door i but i i agree with you casey. They can't solve out some of these unemployment insurance programs for direct checks. I don't think. I just think that would be a a trade off. That is a little bit arts at the swallow.

Mcconnell Trump Administration Jake Sherman Mnuchin Nancy Pelosi Steven Mnuchin Jake Chris Coons Joe Manchin Mitch Politico Mitch Mcconnell The Wall Street Journal Senate Msnbc White House
New White House offer adds $600 checks to COVID-19 relief

AP News Radio

00:44 sec | 6 months ago

New White House offer adds $600 checks to COVID-19 relief

"Hi Mike Rossi a reporting a new White House offer add six hundred dollar checks to a cool bit nineteen relief proposal with no deal yet on Capitol Hill on a new pandemic relief bill the White House has put forth its own new proposal treasury secretary Steven Mnuchin proposes a nine hundred sixteen billion dollar package that would send a six hundred dollar direct payment to most individual Americans and twelve hundred dollars to most couples the Mnuchin plan would eliminate a three hundred dollar per week employment benefits favored by a bipartisan group of Senate negotiators in a statement Mnuchin says he made the offer to house speaker Nancy Pelosi late Tuesday afternoon hello C. and Senate minority leader Chuck Schumer responded with a statement saying they prefer to let the bipartisan group takes the lead Mike Crossey out Washington

Mike Rossi Mnuchin Steven Mnuchin White House Treasury House Speaker Nancy Pelosi Senate Minority Leader Chuck S Senate Mike Crossey Washington
Pelosi and Schumer back $900 billion coronavirus stimulus plan as basis for negotiations

TIME's Top Stories

02:28 min | 7 months ago

Pelosi and Schumer back $900 billion coronavirus stimulus plan as basis for negotiations

"Lots of corona virus. Relief packages are floating around the hill. That doesn't mean help is on the way by. Philip elliott the headlines coming out of capitol hill. This week might have you think. Another round of much-needed coronavirus relief. Just a few details away. After months of stalemate since the last relief significant bill was passed back in march. It looks like there is finally some momentum peel back the veneer just a little however and the reality reveals itself to be far more complicated. Let's go through the three options that have captured the imagination of lawmakers and advocates alike. Even more may eventually be thrown onto the negotiating table and elements of each of these may bleed into the others but let's not make this too messy at least not at first one. A bi partisan group of senators on tuesday unveiled a nine hundred and eight billion dollar proposal. That looked to split the difference between house. Democrats two point four trillion dollar offer and senate republicans six hundred and fifty billion dollar offer. Part of the total cost would come from some of the five hundred dollars in unspent money from the last round of relief so the price tag is a little misleading. It's a stopgap measure that has growing support from rank and file lawmakers who are finding it more and more difficult to justify inaction in pursuit of the perfect. This proposal would stretch through the first fiscal quarter of calendar year. Twenty twenty one or until the end of march and would cobble together hundred sixty billion dollars to fund a state and local governments. That are running. on fumes. As tax revenue has dried up with the economic downturn. The measure also has more than three hundred billion dollars in loans and grants for small businesses. Twenty five billion dollars in relief for renters an extra three hundred dollars per week for unemployed americans it does not however include an extra twelve hundred dollar stimulus payment. That house speaker. Nancy pelosi in president. Donald trump both backed treasury secretary. Steven mnuchin said. He was reviewing the bipartisan proposal. The white house called it a non starter saying it plan to work with senate majority leader mitch. Mcconnell and house minority leader kevin mccarthy on a targeted covid relief plan to pelosi and senate minority leader. Chuck schumer have their own democrats only outlined for a new offer. They haven't released details but it was sent over to mcconnell in a private letter on monday. The draft was meant to restart negotiations which have been hold for weeks in most unhelpful. Move mcconnell announced the offers existence and further frustrated democrats who say republicans aren't negotiating in good faith. Democrats have insisted cash be included for state and local governments a major point of dispute for many republicans. Who say it's not washington's problem to fix local budgets. No total cost was attached

Philip Elliott Senate Steven Mnuchin Nancy Pelosi Donald Trump Kevin Mccarthy Mcconnell Chuck Schumer Treasury White House
Think a coronavirus economic package is just around the corner? Not so fast.

TIME's Top Stories

05:37 min | 7 months ago

Think a coronavirus economic package is just around the corner? Not so fast.

"Headlines coming out of capitol hill. This week might have you think. Another round of much-needed coronavirus relief is just a few details away. After months of stalemate since the last relief significant bill was passed back in march. It looks like there is finally some momentum peel back the veneer just a little however and the reality reveals itself to be far more complicated. Let's go through the three options that have captured the imagination of lawmakers and advocates alike. Even more may eventually be thrown onto the negotiating table and elements of each of these may bleed into the others but let's not make this too messy at least not at first one. A bi partisan group of senators on tuesday unveiled a nine hundred and eight billion dollars proposal that looked to split the difference between house. Democrats two point four trillion dollar offer and senate republicans six hundred and fifty billion dollar offer. Part of the total cost would come from some of the five hundred billion dollars in unspent money from the last round of relief so the price tag is a little misleading. It's a stopgap measure that has growing support from rank and file lawmakers who are finding it more and more difficult to justify inaction in pursuit of the perfect. This proposal would stretch through the first fiscal quarter of calendar year. Twenty twenty one or until the end of march and cobble together one hundred and sixty billion dollars to fund a state and local governments that are running on fumes as tax revenue has dried up with the economic downturn. The measure also has more than three hundred billion dollars in loans and grants for small businesses. Twenty five billion dollars in relief for renters an extra three hundred dollars per week for unemployed americans it does not however include an extra twelve hundred dollar stimulus payment. That house speaker. Nancy pelosi and president. Donald trump both backed treasury secretary. Steven mnuchin said. He was reviewing the bipartisan proposal. The white house called it a nonstarter saying it. Plan to work with senate majority leader mitch. Mcconnell and house minority leader kevin mccarthy on targeted covid relief plan to pelosi and senate minority leader. Chuck schumer have their own democrats only outlined for a new offer. They haven't released details but it was sent over to mcconnell in a private letter on monday. The draft was meant to restart negotiations which have been on hold for weeks in most unhelpful. Move mcconnell announced the offers existence and further frustrated democrats who say republicans aren't negotiating in good faith. Democrats have insisted cash be included for state and local governments a major point of dispute for many republicans. Who say it's not washington's problem to fix local budgets. No total cost was attached. Three mcconnell circulated to republicans a new version of the gop plan that would presumably meet with white house approval notably it to did not include a cost meaning to was meant as a negotiating document. The latest incarnation includes small business. Cash a one month extension of base-level unemployment benefits that are set to end at the end of this month. For twelve million americans and legal protections against lawsuits for businesses that are open during the pandemic it notably lacks money for state and local governments. The latest also a plus up unemployment benefits that had been demanded by the white house in earlier drafts in short. Each of these is negotiating. Starting point not a workable idea even lawmakers were at the table for the creation of these ideas acknowledged. they're nowhere near final version. And when you're talking about deals that have perhaps twelve zeros at the end. There's a lot of wrangling left to be done. Meanwhile at least some officials are starting to talk again pelosi. Mnuchin had their first call since election day this week. The pair were the principal negotiators on a follow up deals through the summer until trump abruptly called off negotiations via tweet in october. He later demanded they return. But pelosi wasn't keen to once again. Be set up for failure by amir curiel president in the finals ros of campaign and decided to hold out for the election results. It turns out. Her hand is now weaker as house. Democrats lost seats. President elect joe biden has been in full contact with pelosi and schumer speaking to reporters in delaware on tuesday biden. Said he wants congress to act now. As a first step toward efforts he'd pick up when he takes office on january twentieth but he mcconnell have yet to speak since election day he added for his part. Mcconnell has yet to explicitly say biden is one although he has in roundabout ways suggested he understands who will be in the white house. Come january twenty first. that suggests talks aren't really as far along as some would hope as if this weren't tough enough the. Us government faces a do-or-die moment at the end of next week. The united states is set to run out of cash as the clock ticks past midnight on december eleventh and into december twelve that hard deadline ads and urgency to congress to do something. There is zero political appetite to shut down government in the middle of a pandemic heading into the end of year holiday season. Some lawmakers have talked about attaching corona virus. Relief package to the must pass spending bill in may be a way to get some forward movement but it also gives mcconnell added leverage to limit the size of the tacked on bill. Mcconnell controls the senate floor with an iron grip and ultimately has veto power over the entire agenda in the upper chamber if he says a limited pandemic relief measure is going on the omnibus. it's omnibus arrest for all practical purposes. So we're left with a string of calculations will progressives such a scaled back relief package until they can badger biden in the new year can conservatives stomach any of the red ink and if it does pass will trump sign perhaps the last significant piece of legislation of his one term presidency. The answer to each of those is at best a shruggy emoji without government funding forcing a vote. There's no guarantee mcconnell would bring another round of biden backed relief to the floor. In the new year conservatives will not be eager to give biden early win especially if it carries cash for struggling states and cities and trump seemingly has yet to accept. The movers are showing up at his door next month. It's the perfect cliffhanger for our president who spent so long as a reality show producer hence while the optimism coming off capitol hill. That a solution is in sight is perhaps misdirected.

Mcconnell Pelosi Senate Steven Mnuchin White House Kevin Mccarthy Cobble Mnuchin Chuck Schumer
Fed and Treasury urge Congress to act now on virus relief

Marketplace with Kai Ryssdal

00:25 sec | 7 months ago

Fed and Treasury urge Congress to act now on virus relief

"J powell and treasury secretary steven mnuchin were back on capitol hill this morning talking again as we told you they did yesterday about their differing views of this economy mnuchin generally more positive powell more pragmatist pointing out this morning. The fed chair did the tens of millions of people are still out of work and that absent. Some kind of relief from congress lasting damage will be done

J Powell Treasury Secretary Steven Mnuc Mnuchin Powell FED Congress
A clear disconnect between the Treasury and the Fed

Marketplace with Kai Ryssdal

02:18 min | 7 months ago

A clear disconnect between the Treasury and the Fed

"Janet yellen in her first official remarks as treasury secretary nominee. Maybe giving congress low. Poke in the eye. Inaction will produce a self-reinforcing downturn causing more devastation. So that's the maybe there is help on the way news of the day. The oh no. There's not came to us from fed chair. Jay powell and treasury secretary steven mnuchin in congressional testimony this morning summing up their views on the state of this economy and as marketplace's nancy marshall genzer explains. There is a disconnect. If you watch. Chair powell and secretary mnuchin senate banking committee testimony today and i know you did. You'd think they were talking about two different economies. First mnuchin said the october jobs report showed that the economy has gained back. Twelve million jobs since april and powell followed up with although we welcome this progress we will not lose sight of the millions of americans who remain out of work. Powell looks at the big picture. Mnuchin is focused on the letter of the law and the cares act did specify that some pandemic aid stop at the end of the year as the economy recovered mnuchin acknowledges that some additional help is needed but he also points to the falling unemployment rate. Catherine judge is a law professor at columbia university. The look at where we are this quarter relative to last quarter and they look at the rate of improvement. The unemployment rate did fall to six point nine percent in october. But that's still almost double the jobless rate before the pandemic hit the us adam ozimek chief economist at the jobs would site. Upwork says powell sees the glass half empty wall. Mnuchin says it's half full and mnuchin could make it harder to convince wavering members of congress to vote for another relief package. You can't really rally the troops as long as you're describing glasses full if congress doesn't pass another relief bill. Williams college economists. Ken kutner says the fed will say. Look if you guys can't get your act together and pass some fiscal stimulus you know. It's going to fall for the fed to try to try to take that slack as best we can and kutner says the feds tools are not ideal for that fed chair. Powell has said repeatedly. The fed makes loans not the grants that struggling businesses and jobless workers need right now.

Mnuchin Janet Yellen Jay Powell Treasury Secretary Steven Mnuc Nancy Marshall Genzer Chair Powell Senate Banking Committee Catherine Judge Congress Powell Treasury Adam Ozimek Upwork Columbia University Ken Kutner FED Williams College
CDC panel is set to vote Tuesday on who gets coronavirus vaccine first

WSJ What's News

01:19 min | 7 months ago

CDC panel is set to vote Tuesday on who gets coronavirus vaccine first

"A panel of experts advising the us centers for disease control and prevention is expected to offer its initial recommendation today on who should get priority for the covid. Nineteen vaccines health. Workers treating corona virus. Patients are expected to be on the top of the list along with nursing. Home residents states wouldn't have to follow the recommendations. These are merely guidelines visor in biontech. Said they would deliver about twenty five million doses by the end of the year. That's probably enough. For twelve point. Five million americans madonna projects about twenty million doses cases of the corona virus infected people in the us as early as mid december twenty nineteen according to scientists at the cdc a study of blood samples revealed the presence of antibodies specific to covid nineteen suggesting that the virus was spreading in western us states before public health officials and researchers initially thought. The economic impact of the pandemic will be discussed in washington today. Federal reserve chairman. Jerome powell and treasury secretary steven mnuchin will appear before a congressional hearing to present a report on the cares act in november. Mnuchin said he would allow some emergency lending programs as part of the stimulus deal to expire at the end of the year opening a divide with the central bank.

Disease Control And Prevention United States Madonna Jerome Powell CDC Steven Mnuchin Mnuchin Federal Reserve Treasury Washington
Powell says pace of economic improvement has moderated

AP News Radio

00:55 sec | 7 months ago

Powell says pace of economic improvement has moderated

"The head of the federal reserve will tell lawmakers in a Tuesday hearing the pandemic has left to the prospects of a quick economic recovery extraordinarily uncertain in remarks released ahead of a Senate banking committee hearing fed chairman Jerome Powell says the surgeon new probate cases in the U. S. and abroad is concerning and could prove challenging for the next few months he says a full economic recovery is unlikely until people are confident it's safe to re engage in a broad range of activities palaces that vaccine distribution will be challenging making it difficult to assess the economic implications of that process both Powell and treasury secretary Steven Mnuchin are testifying Mnuchin's remarks indicate that the trump administration is still willing to support a targeted fiscal package to provide further economic relief Jackie Quinn Washington

Senate Banking Committee Jerome Powell U. S. Federal Reserve Steven Mnuchin Mnuchin Trump Administration Powell Treasury Jackie Quinn Washington
"steven mnuchin" Discussed on Squawk Pod

Squawk Pod

08:19 min | 1 year ago

"steven mnuchin" Discussed on Squawk Pod

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

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

WTOP

02:14 min | 1 year ago

"steven mnuchin" Discussed on WTOP

"The treasury Steven Mnuchin on how he sees the economy recovered I think as we begin to reopen the economy and may and June you're going to see the economy really bounced back in July August September and what we're we're putting in an unprecedented amount of fiscal relief into the economy you're seeing trillions of dollars that's making its way into the economy and I think this is going to have a significant impact Mnuchin on fox news Sunday all three of our top local leaders want most federal employees to keep working from home right now Virginia governor Ralph Northam Maryland's Larry Hogan and DC's mayor Muriel Bowser send a letter to OPM on Thursday urging it to keep current teleworking rules in place the three knowledge it's tough to provide critical government functions while ensuring the safety of workers they also contend any change to current teleworking policy can cause a spike in cases and delay re openings the stay at home order to combat the corona virus has caused a series of delays in contact completing this year's census that could have political implications the census bureau isn't expecting to wrap up the census until the end of October three months later than planned in Congress must approve the bureau's request to delay turning over information to the states until the end of July twenty twenty one for months later than scheduled this could result in delays in drawing new legislative districts that could help decide which political party is in power what laws pass and whether communities of color have a voice in their states on my campus it is four thirty four we're getting new coronavirus numbers today Virginia has now added six hundred and four cases of the virus bring the total number of cases in the state to nearly thirteen thousand Virginia has four hundred forty eight virus related deaths DC says its total cases have risen by one hundred forty two to over thirty eight hundred and deaths are now at one hundred and seventy eight so far in Maryland there have been over eighteen thousand five hundred cases in eight hundred and twenty seven douse more than eighteen hundred people have recovered from the illness in Maryland and DC Virginia doesn't release that recovery information just ahead on WTOP how the IRS is trying to get thousands of employees to return to the office.

Steven Mnuchin Virginia Larry Hogan DC Muriel Bowser OPM Congress Maryland IRS Ralph Northam
"steven mnuchin" Discussed on AP News

AP News

02:15 min | 2 years ago

"steven mnuchin" Discussed on AP News

"Steven Mnuchin and IRS Commissioner Charles reading demanding six years of President Trump's tax returns by next Friday. Mnuchin rejected an early request from Neil his action is the latest in a series of skirmishes between House Democrats and the White House over investigations into Trump. The chairman of the House Judiciary committee says special counsel, Robert Muller won't appear before his committee next week AP's. Mike Rossier has more special counsel? Robert Muller will not appear before the House Judiciary committee next week committee, chairman Jerrold Nadler who wanted Muller to testify on may fifteenth announced Friday negotiations continue with Muller and the Justice department about the testimony. He added if necessary the committee will attempt to compel Muller to testify. Meantime, Nadler sent a letter to attorney general William bar saying his committee is open to negotiations for access to the full Russia report. There was no immediate response from the. The Justice department might gross you Washington US and Chinese trade talks without show little movement after President Trump impose tariffs, I'm billions in Chinese imports earlier today. Soccer megani? As this negotiators met briefly here in Washington hours after the Trump administration more than doubled tariffs on roughly two hundred billion dollars worth of Chinese imports. President Trump says there's no need to rush to a deal, and he's defending the tariff hike by falsely saying it'll pump more money into US coffers. But Phil Levy a former George W Bush White House. Trade adviser says the tariffs are actually paid by US importers who in turn pass on the higher costs and its consumers who will end up paying the battles already disrupted billions in trade and shake in global markets. Saga megani Washington? This is AP radio news. President Trump's personal attorney Rudy Giuliani says he wants to travel to Ukraine to meet with government officials to push them to open a pair of investigations one to find the origins especial counsel, Robert Mueller's recently concluded investigation, the other to look into whether Joe Biden had anything to do with the ouster of Ukrainian prosecutor who is reportedly investigating on a guard at a time that Biden son was involved with a gas company owned by that all a guard house intelligence committee chairman Adam Schiff.

President Trump House Judiciary committee Robert Muller chairman Jerrold Nadler special counsel US Steven Mnuchin White House Washington Justice department George W Bush White House President Joe Biden attorney William bar AP Rudy Giuliani Robert Mueller Mike Rossier
"steven mnuchin" Discussed on AP News

AP News

02:15 min | 2 years ago

"steven mnuchin" Discussed on AP News

"Steven Mnuchin and IRS Commissioner Charles reading demanding six years, the President Trump's tax returns by next Friday. Mnuchin rejected an earlier request from Neil his action is the latest in a series of skirmishes between House Democrats and the White House over investigations into Trump. The chairman of the House Judiciary committee says special counsel, Robert Muller won't appear before his committee next week AP's. Mike Rossier has more special counsel? Robert Muller will not appear before the House Judiciary committee next week committee, chairman Jerrold Nadler who wanted Muller to testify on may fifteenth announced Friday negotiations continue with Muller and the Justice department about the testimony. He added if necessary the committee will attempt to compel Muller to testify. Meantime, Nadler sent a letter to attorney general William bar saying. His committee is open to negotiations for access to the full Russia report. There was no immediate response. From the Justice department might cross you Washington US and Chinese trade talks without show little movement after President Trump impose tariffs on billions in Chinese imports earlier today. Saga megani? As negotiators met briefly here in Washington hours after the Trump administration more than doubled tariffs on roughly two hundred billion dollars worth of Chinese imports. President Trump says there's no need to rush to a deal, and he's defending the tariff hike by falsely saying it'll pump more money into US coffers. But Phil Levy a former George W Bush White House. Trade adviser says the tariffs are actually paid by US importers who in turn pass on the higher costs at its consumers who will end up paying the battles already disrupted billions in trade and shake in global markets. Saga megani Washington? This is AP radio news. President Trump's personal attorney Rudy Giuliani says he wants to travel to Ukraine to meet with government officials to push them to open a pair of investigations one defined the origins special counsel, Robert Mueller's recently concluded investigation, the other to look into whether Joe Biden had anything to do with the ouster of Ukrainian prosecutor who is reportedly investigating and all the guard at a time that Biden's son was involved with a gas company owned by that all a guard house intelligence committee chairman Adam Schiff.

House Judiciary committee President Trump Robert Muller special counsel chairman Jerrold Nadler Steven Mnuchin White House Justice department US George W Bush White House President Joe Biden Washington attorney William bar AP Rudy Giuliani Robert Mueller Mike Rossier
"steven mnuchin" Discussed on AP News

AP News

02:15 min | 2 years ago

"steven mnuchin" Discussed on AP News

"Steven Mnuchin and IRS Commissioner Charles reading demanding six years of President Trump's tax returns by next Friday. Mnuchin rejected an earlier request from Neil his action is the latest a series of skirmishes between House Democrats and the White House over investigations into Trump. The chairman of the House Judiciary committee says special counsel, Robert Muller won't appear before his committee next week AP's. Mike Rossier has more special counsel? Robert Muller will not appear before the House Judiciary committee next week committee, chairman Jerrold Nadler who wanted Muller to testify on may fifteenth announced Friday negotiations continue with Muller and the Justice department about the testimony. He added if necessary the committee will attempt to compel Muller to testify. Meantime, Nadler sent a letter to attorney general William bar saying his committee is open to negotiations for access to the full rusher report. There was no immediate response from the. Justice department might cross you Washington US and Chinese trade talks without show little movement after President Trump impose tariffs, I'm billions in Chinese imports earlier today. Soccer megani? Has this negotiators met briefly here in Washington hours after the Trump administration more than doubled tariffs on roughly two hundred billion dollars worth of Chinese imports? President Trump says there's no need to rush to a deal, and he's defending the tariff hike by falsely saying it'll pump more money into US coffers. But Phil Levy a former George W Bush White House. Trade adviser says the tariffs are actually paid by US importers who in turn pass on the higher costs and its consumers who will end up paying the battles already disrupted billions in trade and shake in global markets. Saga megani Washington? This is AP radio news. President Trump's personal attorney Rudy Giuliani says he wants to travel to Ukraine to meet with government officials to push them to open a pair of investigations one to find the origins special counsel, Robert Mueller's recently concluded investigation, the other to look into whether Joe Biden had anything to do with the ouster of Ukrainian prosecutor who is reportedly investigating and all the guard at a time that bite son was involved with a gas company owned by that oligarchy house intelligence committee chairman Adam.

President Trump House Judiciary committee Robert Muller special counsel chairman Jerrold Nadler US Steven Mnuchin White House Washington Justice department George W Bush White House President attorney William bar AP Rudy Giuliani Robert Mueller Mike Rossier IRS
"steven mnuchin" Discussed on AP News

AP News

02:15 min | 2 years ago

"steven mnuchin" Discussed on AP News

"Steven Mnuchin and are Commissioner Charles reading demanding six years, the President Trump's tax returns by next Friday. Mnuchin rejected an earlier request from Neil his action is the latest in a series of skirmishes between House Democrats and the White House over investigations into Trump. The chairman of the House Judiciary committee says special counsel, Robert Muller won't appear before his committee next week. He's my Grassi has more special counsel. Robert Muller will not appear before the House Judiciary committee next week committee, chairman Jerrold Nadler who wanted Muller to testify on may fifteenth announced Friday negotiations continue with Muller and the Justice department about the testimony. He added if necessary the committee will attempt to compel Muller to testify. Meantime, Nadler sent a letter to attorney general William bar saying his committee is open to negotiations for access to the full Russia report. There was no immediate response from the. Justice department might gross you Washington US and Chinese trade talks without show little movement after President Trump impose tariffs, I'm billions in Chinese imports earlier today. Soccer megani? As negotiators met briefly here in Washington hours after the Trump administration more than doubled tariffs on roughly two hundred billion dollars worth of Chinese imports. President Trump says there's no need to rush to a deal, and he's defending the tariff hike by falsely saying it'll pump more money into US coffers. But Phil Levy a former George W Bush White House. Trade adviser says the tariffs are actually paid by US importers who in turn pass on the higher costs and its consumers who will end up paying the battles already disrupted billions in trade and shake in global markets. Saga megani Washington? This is AP radio news. President Trump's personal attorney Rudy Giuliani says he wants to travel to Ukraine to meet with government officials to push them to open a pair of investigations one to find the origins especial counsel, Robert Mueller's recently concluded investigation, the other to look into whether Joe Biden had anything to do with the ouster of Ukrainian prosecutor who is reportedly investigating all the guard at a time that Biden's son was involved with a gas company owned by that oligarchy house intelligence committee chairman Adam Schiff.

President Trump House Judiciary committee Robert Muller chairman Jerrold Nadler special counsel US Steven Mnuchin White House Washington Justice department George W Bush White House President Joe Biden attorney William bar Robert Mueller Rudy Giuliani Adam Schiff
"steven mnuchin" Discussed on AP News

AP News

02:16 min | 2 years ago

"steven mnuchin" Discussed on AP News

"Secretary Steven Mnuchin and IRS Commissioner Charles reading demanding six years of President Trump's tax returns by next Friday. Mnuchin rejected an early request from Neil his action is the latest in a series of skirmishes between House Democrats and the White House over investigations into Trump. The chairman of the House Judiciary committee says special counsel, Robert Muller won't appear before his committee next week AP's. Mike Rossier has more special counsel? Robert Muller will not appear before the House Judiciary committee next week committee, chairman Jerrold Nadler who wanted Muller to testify on may fifteenth announced Friday negotiations continue with Muller and the Justice department about the testimony. He added if necessary the committee will attempt to compel Muller to testify. Meantime, Nadler sent a letter to attorney general William bar saying. His committee is open to negotiations for access to the full Russia report. There was no immediate response from the Justice department might gross you Washington US and Chinese trade talks without show little movement after President Trump impose tariffs, I'm billions in Chinese imports earlier today. Soccer megani? As this negotiators met briefly here in Washington hours after the Trump administration more than doubled tariffs on roughly two hundred billion dollars worth of Chinese imports. President Trump says there's no need to rush to a deal in Houston fending tariff hike by falsely saying it'll pump more money into US coffers. But Phil Levy a former George W Bush White House. Trade adviser says the tariffs are actually paid by US importers who in turn pass on the higher costs at its consumers who will end up paying the battles already disrupted billions in trade and shake in global markets. Saga megani Washington? This is AP radio news. President Trump's personal attorney Rudy Giuliani says he wants to travel to Ukraine to meet with government officials to push them to open a pair of investigations one to find the origins especial counsel, Robert Mueller's recently concluded investigation, the other to look into whether Joe Biden had anything to do with the ouster of Ukrainian prosecutor who is reportedly investigating all the guard at a time that Biden's son was involved with a gas company owned by that oligarchy house intelligence committee chairman Adam.

President Trump House Judiciary committee Robert Muller chairman Jerrold Nadler special counsel US Steven Mnuchin White House Washington Justice department George W Bush White House President Joe Biden attorney AP Rudy Giuliani Robert Mueller Mike Rossier IRS
"steven mnuchin" Discussed on AP News

AP News

01:54 min | 2 years ago

"steven mnuchin" Discussed on AP News

"Steven Mnuchin and IRS Commissioner Charles reading demanding six years, the President Trump's tax returns by next Friday. Mnuchin rejected an earlier request from Neil his action is the latest in a series of skirmishes between House Democrats and the White House over investigations into Trump. The chairman of the House Judiciary committee says special counsel, Robert Muller won't appear before his committee next week AP's. Mike Rossier has more special counsel? Robert Muller will not appear before the House Judiciary committee next week committee, chairman Jerrold Nadler who wanted Muller to testify on may fifteenth announced Friday negotiations continue with Muller and the Justice department about the testimony. He added if necessary the committee will attempt to compel Muller to testify. Meantime, Nadler sent a letter to attorney general William bar saying his committee is open to negotiations for access to the full Russia report. There was no immediate response from the Justice. This department might cross you Washington US and Chinese trade talks without show little movement after President Trump impose tariffs on billions in Chinese imports earlier today. Saga megani? As negotiators met briefly here in Washington hours after the Trump administration more than doubled tariffs on roughly two hundred billion dollars worth of Chinese imports. President Trump says there's no need to rush to a deal and he used to fending the tariff hike by falsely saying it'll pump more money into US coffers. But Phil Levy a former George W Bush White House. Trade adviser says the tariffs are actually paid by US importers who in turn pass on the higher costs and its consumers who will end up paying the battles already disrupted billions in trade and shake in global markets. Saga megani Washington? This is a p. Radio news. President Trump's personal attorney Rudy Giuliani says he wants to travel to Ukraine to meet with government officials to push them to open a pair.

President Trump House Judiciary committee Robert Muller Jerrold Nadler US Steven Mnuchin special counsel Washington chairman White House Justice department President George W Bush White House attorney William bar Rudy Giuliani Mike Rossier IRS Commissioner Charles
"steven mnuchin" Discussed on AP News

AP News

02:15 min | 2 years ago

"steven mnuchin" Discussed on AP News

"Steven Mnuchin and IRS Commissioner Charles reading demanding six years, the President Trump's tax returns by next Friday. Mnuchin rejected an earlier request from Neil his action is the latest series of skirmishes between House Democrats and the White House over investigations into Trump. The chairman of the House Judiciary committee special counsel, Robert Muller won't appear before his committee next week. If he's Mike Rossier has more special counsel. Robert Muller will not appear before the House Judiciary committee next week committee, chairman Jerrold Nadler who wanted Muller to testify on may fifteenth announced Friday negotiations continue with Muller and the Justice department about the testimony. He added if necessary the committee will attempt to compel Muller to testify. Meantime, Nadler sent a letter to attorney general William bar saying his committee is open to negotiations for access to the full rusher report. There was no immediate response from the. Justice department. Mike rossier? Washington US and Chinese trade talks without show little movement after President Trump impose tariffs, I'm billions in Chinese imports earlier today. Soccer megani has negotiators met briefly here in Washington hours after the Trump administration more than doubled tariffs on roughly two hundred billion dollars worth of Chinese imports. President Trump says there's no need to rush to a deal and he used to fending tariff hike by falsely saying it'll pump more money into US coffers. But Phil Levy a former George W Bush White House. Trade adviser says the tariffs are actually paid by US importers who in turn pass on the higher costs at its consumers who will end up paying the battles already disrupted billions in trade and shake in global markets. Saga megani Washington? This is AP radio news. President Trump's personal attorney Rudy Giuliani says he wants to travel to Ukraine to meet with government officials to push them to open a pair of investigations one to find the origins especial counsel, Robert Mueller's recently concluded investigation, the other look into where the Joe Biden had anything to do with the ouster of Ukrainian prosecutor who is reportedly investigating all the guard at a time that Biden's son was involved with a gas company owned by that oligarchy house intelligence committee chairman Adam.

House Judiciary committee Robert Muller President Trump chairman Mike Rossier Jerrold Nadler special counsel Steven Mnuchin White House Justice department George W Bush White House US President Joe Biden Washington attorney Robert Mueller Rudy Giuliani IRS Commissioner Charles
"steven mnuchin" Discussed on AP News

AP News

02:15 min | 2 years ago

"steven mnuchin" Discussed on AP News

"Steven Mnuchin and IRS Commissioner Charles reading demanding six years, the President Trump's tax returns by next Friday. Mnuchin rejected an early request from Neil his action is the latest in a series of skirmishes between House Democrats and the White House over investigations into Trump. The chairman of the House Judiciary committee says special counsel, Robert Muller won't appear before his committee next week. He's my Grassi has more special counsel. Robert Muller will not appear before the House Judiciary committee next week committee, chairman Jerrold Nadler who wanted Muller to testify on may fifteenth announced Friday negotiations continue with Muller and the Justice department about the testimony. He added if necessary the committee will attempt to compel Muller to testify. Meantime, Nadler sent a letter to attorney general William bar saying. His committee is open to negotiations for access to the full rusher report. There was no immediate response. From the Justice department might cross you Washington US and Chinese trade talks without show little movement after President Trump impose tariffs on billions in Chinese imports earlier today. Saga megani? As negotiators met briefly here in Washington hours after the Trump administration more than doubled tariffs on roughly two hundred billion dollars worth of Chinese imports. President Trump says there's no need to rush to a deal in Houston fending tariff hike by falsely saying it'll pump more money into US coffers. But Phil Levy a former George W Bush White House. Trade adviser says the tariffs are actually paid by US importers who in turn pass on the higher costs and its consumers who will end up paying the battles already disrupted billions in trade and shake in global markets. Saga megani Washington? This is AP radio news. President Trump's personal attorney Rudy Giuliani says he wants to travel to Ukraine to meet with government officials to push them to open a pair of investigations one to find the origins especial counsel, Robert Mueller's recently concluded investigation, the other look into where the Joe Biden had anything to do with the ouster of Ukrainian prosecutor who is reportedly investigating all the guard at a time that Biden's son was involved with a gas company owned by that oligarchy house intelligence committee chairman Adam Schiff.

House Judiciary committee Robert Muller President Trump chairman Jerrold Nadler special counsel Steven Mnuchin White House Justice department George W Bush White House US President Joe Biden attorney Washington Robert Mueller Rudy Giuliani IRS Commissioner Charles
"steven mnuchin" Discussed on WSB-AM

WSB-AM

02:53 min | 2 years ago

"steven mnuchin" Discussed on WSB-AM

"Headlines here. We'll end the show on more or less. We are enjoying this. We're required to at least give one bustle or one BuzzFeed list ical in there, which. Seoul. Is not part of them Postle dot com. I tell you that I the only person I've ever blocked from my phone as a matter of fact, I didn't even know you could block someone from your phone. The only person I ever ever in my lifetime have blocked from my phone was a reporter from bustle. Let's do this even more headlines for Wednesday, April tenth. What's it got? This is fun to watch Treasury Secretary. Steven Mnuchin got into fiery fiery exchange with Representative Maxine Waters during a committee hearing with lawmakers, Maxine Waters is the impeach forty five. That's and. And she's actually releasing a single Forty-five. If you will of her song impeach forty wins. Etro dropping next Tuesday quick as they always do. So actually combined committee here, so the house appropriations committee and the financial services. They all wanted to go the movies later something. At the same time. Democrats are more efficient. It's not a bad idea. Just having to there to table and everybody yelling screaming whoever's there for ten hours from all the different committees on go on something else, Maxine Waters, I believe I think I'm eighty years old and sees a radical she hates banking, and now they put her as the she's the chairperson of the banking committee. So this submissions secretary treasury, right? That's right now, there was this weird moment where he had to go meet some foreign dignitary and Bahrain Bach rain. But that's me. So he had to five fifteen or something. And he's trying to say, hey, I let you know. And I need to leave if you'll let me go come back if I have to cancel with this guy. Then I'll stay here. But I'm not gonna come back after this. And then, but it seemed to me that she was trying to go him into walking out of this while it was still in session, but she didn't want to admit that. And then it ended up in this thing. Like, aren't you supposed to bang the gavel don't tell me how to do my job? This just listen to this. If you didn't hear this yesterday. And remember that your friend Eric von is already told you many times these are the biggest buffoons, I'm not just talking about the Dem's. I'm talking about the people who govern us the biggest buffoons ever this. The kinda. Standoff that I might expect in a school cafeteria in perhaps fifth grade. So she wants to force him to leave without her gaveling close because then she can say all kinds of he walked out. He psych I'm not gonna do this unless you bang that Cabot go ahead. I have said.

Representative Maxine Waters Eric von Seoul Bahrain Bach rain secretary reporter Steven Mnuchin Cabot eighty years ten hours
"steven mnuchin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:04 min | 2 years ago

"steven mnuchin" Discussed on Bloomberg Radio New York

"Hampshire for the first time since two thousand sixteen. I'm Evan Haning. And I'm Susanna Palmer from Bloomberg world headquarters debt is fueling growth in the US economy. And that's a dangerous situation for an economy to be an so says, Geoffrey gun lack who took part in around table of ten of all. Streets. Smartest investors. According to baron's he highlighted the dangers, especially posed by the US corporate bond market gun lack CEO at double line capital is concerned about the increased sales of junk bonds and significant growth in investment grade corporate debt, coupled with the Federal Reserve weaning the market off of quantitative easing. He calls all that an ocean of debt stocks were up this week bonds are still waiting the challenge of gauging the outlook for US growth, and yields is only growing as the partial government, shutdown crimps, the flow of economic data and statistics ten year. Treasury yields appear to be settling into a range after rising this week for the first time since mid December the ten year note was last quoted at a yield of two point seven percent Treasury Secretary Steven Mnuchin says the next round of trade negotiations with China will likely occur later this month in Washington Mnuchin told reporters that vice premier Liu. Hey was expected to lead a delegation to Washington later in the month. Taking a trip to Rio de Janeiro might become a little more painful for New York travelers. The story from Bloomberg's Charlie Pellett beginning April the last two airlines offering nonstop flights between both cities will stop selling them. The decision by American and delta will add a few more hours, and at least one annoying layover for all the power of its oil industry. Rios economy has suffered with a long recession rising crime rates and a declining number of tourists after hosting the Olympics in two thousand sixteen Charlie Pellett, Bloomberg radio. Global news twenty four hours a day on air and it ticked up on Twitter. Powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Susanna Palmer. This is Bloomberg..

Bloomberg US Susanna Palmer Bloomberg world baron Charlie Pellett Evan Haning Geoffrey gun Rio de Janeiro Hampshire Federal Reserve Twitter Washington Mnuchin Steven Mnuchin Washington CEO Olympics New York
"steven mnuchin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:32 min | 3 years ago

"steven mnuchin" Discussed on Bloomberg Radio New York

"Story, on Steven Mnuchin. And my workout. Yeah you work at. It's called burn that's exactly right. Burn I'll tell you all about, it the cold room working out. Hot but I Don't take the United. States government is willing let's start, right now Speaking of. The reparations be paid The nation of Iran to the people of your ongoing all the way back to the, early nineteen, fifties that's reading president Hassan Ruhani issuing a challenge to President Trump saying through an interpreter that his country welcomes talks, with, the United, States right, now Jason those remarks of course coming as the US restored sanctions this week that were lifted. Under the 2015. Iran nuclear deal that's exactly right, and as we heard. From Phillips there's more. Come later this fall come November the big. Sanctions are reimposed related to oil it is roiling already the Iranian economy and pudding Ruhani in a very difficult position. Between the conservatives and the moderates here's Mathew this week we got the reimposition of US sanctions on Iran after months of kind. Of discussions and preparations about this this stems from President Trump's decision in may to pull out of. The two dozen fifteen nuclear deal what we got this week was the reimposition of financial sanctions that limit or Banner ran from dealing in dollars It hurts. Their ability to issue foreign debt it affects the. Gold trade metal trade in autos what we've seen in the run-up to this and the Iranian economy is. A severe decline in their currency we've seen a seventy percent decline relative, to the dollar. In the, real and this isn't you know this is just the beginning the real ones. That are going to. Severely hit don't come until November, when we get the oil sanctions which is the lifeblood of Iran's, economy? Well on the players Matthew right that's what happened this week that it comes at a very, difficult. Time. For the, Iranian economy correct absolutely I mean we're only two years into them actually getting the openness and enjoying the fruits of this accord that they signed almost three years ago to the date went into effect in January two thousand sixteen In those. Two. Years, we did. See an influx of foreign investment particularly from European companies. This was an economy. That had been weakened. By years of isolation. And president Ronnie basically staked his administration at least is first term on the successful negotiation. Of this deal in two thousand fifteen with. The Obama administration this was supposed to be a. Time for him to shine and to really enjoy the fruits of this accord instead now he's having to. Go back to his people and explain what went wrong and how he, can fix it. Exactly there's, a lot he can do on this front can we just lay out some. Of the things that. Are going on it's been really, hot there's been power shortages we're talking about fifty percent increases in, the? Price of some food I mean this is really difficult time for the country yeah yeah for, sure. We've. Seen protests, starting to erupt around outside of Tehran we've seen some deaths there are record temperatures there are power outages there are water shortages and of course prices for basic food Staples like bread and milk Have. Risen fifty percent in the past few weeks so there's a lot. Of outrage, on the streets in a way Ronnie is. Kind. Of, a politically. Sitting in this very tough middle ground you know he. Is banned traditionally a. Moderate even though he. Kind of dresses and. Is is a cleric any dresses and kind of the traditional clerical garb he is by Counts you know moderate especially compared. To, the regime that preceded him and his predecessor Medina jhad he's getting pressure from the right, from conservative clerics who didn't like the DOD begin with and he's also getting a lot of heat from pro-western kind of moderates on the left to think that he wasted the window, that, they had by not being more aggressive in pushing through political and economic reforms, well? And, and you use in. The story. At a really nice metaphor or symbol of this which is he finds himself. Sort of caught between the clerics who dressed in traditional garb and the necktie wearing more more moderator or more progressive or. Or western leaning as you say and and yet he's kind of. The best hope that Iran has at this point right yes he's not. Going anywhere, it seems he just won reelection, to another forty year term just about a year ago and, in some ways you can make the argument this. Perhaps strengthens his Hand domestically because the political establishment is really worried about the, fate of the regime here things are that bad and they're only gonna get worse it seems so there might be this rallying around Ronnie to kind of aim they're kind of their, fire, at the US and to rally around him for the sake of the regime, that's? Not, really a stated goal. Of the. Trump administration they've got to be careful about how they message this they said. They want a tougher deal they want to limit the way that Iran Projects its power in the region and treats. Its people but it seems like an an? Understated. Objective, here even though they can't necessarily say it is regime change and. The elites in Iran are certainly cognizant of that so, let's pull back a little bit to kind of the, geopolitical backdrop here you know the Iran deal. Was something that a. Lot of the west came together on and certainly a lot of key European leaders this has been, one of the divisive issues, within the g. seven countries and certainly with some notable leaders in Europe versus, the Trump administration how has that played out politically and. Economically yeah. Well Europe has not been in favor of Trump pulling out of. This a lot of the investment that has come into Iran the last two years have been from European. Country companies and they have basically had to halt operations. We're talking about Peugeot we're talking about tall talking about. Daimler who have invested a lot of. Money to come in there open up operations There is a lot opportunity there to make money into kind of modernize. The Iranian economy that's had to stop almost entirely because of the way that the sanctions are being put back on unprecedented is a word. I feel like we use a lot with? You. Matthew, thank you so much thanks guys you're listening to Bloomberg BusinessWeek coming. Up is US Treasury Secretary Steven Mnuchin long for the, job Jason he's already been there eighteen months he's lasted, much longer than a.

Iran President Trump US Ronnie president Steven Mnuchin Matthew Jason Europe Hassan Ruhani Obama Phillips Bloomberg Mathew Daimler Peugeot Tehran DOD Medina
"steven mnuchin" Discussed on WLS-AM 890

WLS-AM 890

02:29 min | 3 years ago

"steven mnuchin" Discussed on WLS-AM 890

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

president barack obama irs democratic party fbi cia steven mnuchin department of justice
"steven mnuchin" Discussed on WDRC

WDRC

01:42 min | 3 years ago

"steven mnuchin" Discussed on WDRC

"Like why are you raising taxes on the rich and i'm like well clearly in all we must be the sweet spot of the middle at the bottom line is this is that the president's priorities were very straightforward from the very beginning with win win win uh kari account and steven mnuchin sat down i was in the room with the president we ask the present what are your priorities number one the middle class will pay less and it will be simple for them to pay number two we're getting the corporate tax rate down as far as we possibly can a tax cut for the wealthiest americans while with something we're happy to take was not his priority it just wasn't and what he said was look i'm willing to negotiate other stuff as long as i get my two priorities and that's what we got so we gotta deal now where this is going to be a dramatic reduction for the middle class they will also be able to file their own taxes and that's important people don't realize that i didn't realize yes that ninety percent of american families not businesses families now pay someone else today to do their taxes that's like an additional tax increase and if that you can relieve them of one hundred bucks how do you in their pockets of that's great that's on the real excited about that and a get that corporate tax at lock to twenty percent now the house was really the problem there i thought the house might want to go put higher than twenty course we were at fifteen originally they wanted to go above twenty said the fact they put twenty percent on paper means that i don't think that'll change in the senate a you'll take that twenty percent cooperate to the by why canopy fifty because it lucy individuals pay the taxes not the corporations i mean when when when we charge the the taco bell the brutal makers will put it back in your area past expertise and when taco bell is making those brews and asked pay 35 percent they pass the cost right along happily to everybody who bites this and and i i could make a case i think it theory first zero percent corporae for the same reza grim but that the fact of the matter is.

president corporate tax the house senate taco bell reza kari steven mnuchin twenty percent ninety percent zero percent 35 percent
"steven mnuchin" Discussed on POLITICO's Nerdcast

POLITICO's Nerdcast

01:36 min | 3 years ago

"steven mnuchin" Discussed on POLITICO's Nerdcast

"While you the one thing i voice site about risks and i've i've been in the investment and trading markets for over thirty years it's never obvious what the risks are at the time the risk so choice seem obvious so i i'm skeptical that we can predict what the next problem is although if you asked me what are the things i'm more concerned about in less concerned i'm less concerned about credit rask where we are in the cycle i think banks are on your writing loans well i think if anything uh you know working with the regulators to make sure that we we free up some lending standards uh iin i'd say the issue that are probably most concerned about with his cybersecurity so we had an excellent session yesterday at the g seven we had all the finance ministers and all the central bankers in with representatives of private industry jamie diamond came in four or five other people uh someone from the london stock exchange and and others and we talked a lot about cybersecurity i think that is a significant risk to everyone including the financial system okay obviously we saw that in the equity facts breach something that's on everybody's mind right now talk to me about your relationship with president trump when did you first uh meet him get to know him talk talk us through that story the the steven mnuchin and donald trump story um i i got to know the president uh over fifteen years ago um i think we we originally met through common friends i.

finance ministers jamie diamond stock exchange financial system steven mnuchin president london donald trump fifteen years thirty years
"steven mnuchin" Discussed on KSFO-AM

KSFO-AM

02:45 min | 4 years ago

"steven mnuchin" Discussed on KSFO-AM

"Most from the business tach cut are not rich people they are ordinary metal lowermiddleincome wage earning folks all right the working class as it said so they're the biggest winners for the tax cut trump knows that is gearing the whole thing to the middle class he is correct when you add on the repatriation which frankly could bring in three trillion dollars for new investment okay yeah that on yet on fast expensive for business vestment yeah you are talking about ten or twelve million new jobs in the next that ten years you are talking about three percent plus economic growth which will finance the entire tax cut package in then some so trump gave a great speech in missouri he gave another great speech in north dakota he put a good out bad piece in the milwaukee asset no journal in the heartlands he is totally focused trust me folks he is totally focused and by the way hatsaw big kudos to the secretary of the treasury steven mnuchin who is sticking with these ideas you got to other people in the white house aides say this you got to other people in the white house oregon out of the capitol hill and talon republicans all will never get fifteen percent corporate rave let's maybe twenty 25 nonsense we're going to go through this later in the show for fact of the matter is fifteen percent is doable and important and we have the wherewithal to get it done all right i'll take seventeen eighteen percent but you don't negotiate with yourself trump soast mart but just hats off the steven mnuchin for sticking to the same message and i call mr mnuchin the apostle of growth you got all these skeptics in washington you got all these geniuses academic economists who so we can never grove faster than two percent they're wrong new policies put more cash in people's pockets what reagan used called takehome pay new incentives for business investment the bill plants structures technology that investment creates jobs at higher wages with greater productivity that's why it's solid for trump.

trump missouri north dakota secretary treasury oregon steven mnuchin washington reagan milwaukee white house capitol hill mr mnuchin fifteen percent seventeen eighteen percent three trillion dollars three percent two percent ten years