35 Burst results for "Steven Mnuchin"
Congress can get Trump tax records, appeals court rules
"I'm Mike Gracia reporting an appeals court rules Congress can get former president Trump's tax records A federal appeals court has agreed with the lower court ruling saying Congress can access former president Donald Trump's tax returns a three judge panel of the U.S. Court of Appeals for the District of Columbia circuit agreed with U.S. district judge Trevor mcfadin a Trump appointee who in a December ruling said the chairman of the House ways and means committee has brought authority to request the records The House ways and means panel first requested Trump's tax returns in 2019 Under the Trump administration the Justice Department defended the decision by then treasury secretary Steven Mnuchin to withhold the tax returns from Congress Mnuchin argued the records were being sought by Democrats for partisan reasons Mike Gracia Washington
Justice Says IRS Must Give Trump Tax Returns to Congress
"The long legal showdown over Donald trump's tax returns appears to be over the justice department says the treasury department must give the former president's returns to a house panel when trump was in office treasury chief Steven Mnuchin refused to hand over the returns saying house Democrats wanted them for partisan reasons the house ways and means committee sued saying it needed the records for a probe into whether trump complied with tax law while presidents have long release their returns trump said he couldn't do to an IRS audit he's carefully guarded details about things like relationships with foreign creditors and the government's Sager mag Connie at the White House
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
"steven mnuchin" Discussed on 77WABC Radio
"News. You could get a coronavirus stimulus payment is earliest tonight, Treasury Secretary Steven Mnuchin says. We'll begin making direct deposits of the $600 stimulus payments proved over the weekend. Even as the Senate battles over hiking those payments. Senate Majority Leader Mitch McConnell has introduced a bill increasing stimulus checks from $600 to $2000 something President Trump has demanded in Democratic leaders support But the measure from the Republican leader would also repeal a liability shield for social media companies and establish a 2020 Election Integrity Commission also requested by the president who's editions or considered poison pills by top Democrats, Minority Leader Chuck Schumer says if Republicans load up stimulus checks with unrelated partisan provisions It will do nothing to help struggling families. Actually, Jared Helper in the Senate has also not yet taken a vote on a potential override of the defense spending bill vetoed by the president last week, leader McConnell says that could happen tomorrow. A new strain of the Corona virus, first identified in Britain now confirmed in the US, A patient in Colorado, who has not traveled overseas, confirmed with the UK variant. Which is said to be more easily transmitted. But Fox is chief medical analyst, Dr Mark Siegel says there's no evidence whatsoever that this causes more serious illness that it increases death. No no evidence whatsoever. President elect biting discussing his plans today to fight the outbreak, renewing his calls for a 100 Day mask mandate and calling from war production of vaccines and personal protective gear, warning the worst is yet to come. The Trump campaign has asked the U. S. Supreme Court to take up its lawsuit challenging more than 221 votes into Wisconsin counties. The state Supreme Court rejected. The lawsuit, which asks the Wisconsin election be declared, failed and turns selection of the state's electoral college representatives over to the state Legislature. America is listening to Fox News. Now the latest from 77 W A. B, c and w abc radio dot com On Lisa Salvati. Boeing 7 37 Max Jetliner is back in the air for the first time in almost two years, These passengers getting off the first flight from Miami to LaGuardia shared their thoughts. I ended up not being nervous. I knew they did extensive testing, and it was gonna be very safe. I got here say so. I would just say the plane is safe is a great American company. You know, they got to the bottom that I like to think that our regulatory system worked here. The planes were grounded in March of 2019. After two crashes in Indonesia and Ethiopia killed nearly 350. People. Bowing has been working on changes to make the 7 37 Max safer and they were approved by the F A. A last month things are ready to go for new Year's Eve in Times Square is they've successfully tested the confetti that will accompany the world Famous ball Drop 21 Happy New Year multi colored confetti was released from atop the hard rock cafe entrance, previewing the ton of confetti that will fly on New Year's Eve. The confetti will be made up of thousands of wishes submitted online and at the digital New Year's Eve, wishing wall although people won't be allowed to attend due to the pandemic street clothes. Measures will go into effect Wednesday night. Of course, the ball drop will be broadcast on TV featuring Bronx native Jennifer Lopez as the headliner on to do it from kinky boots. Collaborators. Cyndi Lauper and Billy Porter. W ABC News Time 804 traffic.
"steven mnuchin" Discussed on 600 WREC
"You could get a coronavirus stimulus payment is earliest tonight, Treasury Secretary Steven Mnuchin says we'll begin making direct deposits of the $600 stimulus payments proved over the weekend. Even as the Senate battles over hiking those payments. Senate Majority Leader Mitch McConnell has introduced a bill increasing stimulus checks from $600 to $2000 something President Trump has demanded in Democratic leaders support But the measure from the Republican leader would also repeal a liability shield for social media companies and establish a 2020 Election Integrity Commission also requested by the president who's editions or considered poison pills by top Democrats, Minority Leader Chuck Schumer says if Republicans load up stimulus checks with unrelated partisan provisions It will do nothing to help struggling families. Actually, Jared Helper in the Senate has also not yet taken a vote on a potential override of the defense spending bill vetoed by the president last week, leader McConnell says that could happen tomorrow. A new strain of the Corona virus, first identified in Britain now confirmed in the US, A patient in Colorado, who has not traveled overseas, confirmed with the UK variant. Which is said to be more easily transmitted. But Fox's chief medical analyst, Dr Mark Siegel, says there's no evidence whatsoever that this causes more serious illness that it increases death. No no evidence whatsoever. President elect biting discussing his plans today to fight the outbreak, renewing his calls for a 100 Day mask mandate and calling from war production of vaccines and personal protective gear, warning the worst is yet to come. The Trump campaign has asked the U. S. Supreme Court to take up its lawsuit challenging more than 221 votes into Wisconsin counties. The state Supreme Court rejected. The lawsuit, which asks the Wisconsin election be declared, failed and turned selection of the state's electoral college representatives over to the state Legislature. America is listening to Fox News. Free healthcare hundreds to more than $1000 per month and disability compensation and tens of thousands for college tuition. These are just some of the U. S Department of Veterans Affairs..
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
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
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
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
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 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
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.
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.
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
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.
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
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
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.
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
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.
"steven mnuchin" Discussed on KTOK
"The president's proposal for a new code 19 stimulus packages Getting bipartisan opposition House Speaker Nancy Pelosi says the president's proposal contains little that outlines any action to crush the virus. Many Republicans on Capitol Hill are now seeing the $1.8 trillion in relief the president is putting forward is too big Fox News is told as few as 10 or 12. Republicans are on board with the president's plan. Senate Majority leader Mitch McConnell has pushed for a $300 million stimulus bill. The GOP is urging that talks continue between Pelosi and Treasury Secretary Steven Mnuchin. GURNAL Scott Fox News New YORK Governor Andrew Cuomo says a number of New Yorkers hospitalized with Corona virus is rising as authorities focus on limiting gatherings covered 19 hot spots. Governor said today that 826 people were hospitalized with the virus. That's the highest number since July. 15th. Meanwhile, a federal judge in Brooklyn refused to block Cuomo's new limitations on religious gatherings in covert 19 hot spots in response to a lawsuit from the Catholic diocese. Saying the government enjoys wide latitude in responding to a pandemic and the New England Patriots and Tennessee Titans get some good news. The latest round of Corona virus testing came back negative on Saturday for both the Patriots and Titans, allowing each team to reopen its practice facility and resume in person workouts for the Patriots. Bill Belichick's team has been meeting virtually since Wednesday. While the Titans facility had been shut down since September 29th. The negative tests would appear to indicate that both teams will be ready to play this week. Eames in their re scheduled time slots. The Patriots play the Denver Broncos on Monday night, while the Titans meet the Buffalo Bills on Tuesday. Ryan mayor Fox News and I'm Joe, You're a fox. Promise news radio 1000 Katie Okay Weather center and the four warrants storm team should be clear. Tonight. Theo Open Road is open again. Booked two separate stays at choice hotels dot com.
"steven mnuchin" Discussed on NewsRadio WIOD
"Percent. Government releases its monthly data on wholesale inventories this morning. The reporter's not a market mover. The White House DAO indicates it is more open toe a large scale stimulus bill. A spokesman for House Speaker Nancy Pelosi says Treasury Secretary Steven Mnuchin has told Pelosi that President Trump wants a deal on a comprehensive relief package. A couple of Federal Reserve Bank president's weighed in on the need for new stimulus. Boston Fed President Eric Rosengren called the lack of a stimulus plan tragic and Dallas Fed chief Robert Kaplan noted the Fed can ease financial conditions, but the central bank can't replace lost income. Blackstone Group is planning to open an office in the Miami area. The New York based investment company says it will hire more than 200 workers in South Florida, mainly technical staff. Jimmy Back to you. All right. Thanks very much. Well, it's time to talk about law enforcement with our friend, the director beloved a police department. Freddy Ramirez, you follow on Twitter that M DPD underscore. Director. Good morning to you. Fred agreed to talk to you again. Morning, Jimmy, How are you? I'm doing well, thank you. Department stepped stepped up security and patrols at Metro Mover Metro rail after last month's brutal attacks on writers Tell us About these cases in what you're doing now to try and stop him. And those two events were horrific What we saw on TV and we made some significant strategic changes to our security plan. For the first time we've been here we've deployed additional Squads over to the platform. We put three of our party response teams. We've taken over the management and strategic direction of the private security company that also patrols that platform. We're collaborating more with the city of Miami Police Department who has the jurisdiction Under a train platform and also providing resource is for our homeless population in and around that area that sometimes unfortunately, that's where we get into our issue. So not only is a AH deterrent. Enforcement completed but also a wellness component for the community. And really, you know, it's important that our that our citizens feel safe right in the transit. I'm pretty confident the planet we put forward to make a difference. Nice. Okay. School started back in Miami Dade County this week. And what's that been like few department. You get traffic enforcement. You've got assisting school police those kinds of things. Campus security. Absolutely. Every year. Each one of our patrol district has their plan for school opening and we interact with the school's. Fortunately now the school board's police department has taken over. Nearly 100% of the school of security, so but you know, we have a few school safety officers. We augment. We collaborate with them. We ensure the traffic flow is good as the schools are opening like they are in. Ah, you know, a staggered form. You know there isn't that much traffic right now. But we're ready. And like I said, our officers to a greatjob each and every day, making sure Children are safe out there. Hurry. And finally, I know this is not your event, but it's event that we it's all of ours. I think to show support for law enforcement is the national faith and blue weekend. It gets under way today. Tell us what this is about. Ah, this is greater than very timely In today's climate. It's a collaboration between a faith community and law enforcement and the pillar of keeping our community safe and and really meant during our Children Still support for law enforcement how much that community is so important to us as well. They'll be doing caravans throughout South district are Kendall Station up in Northwest? Ah, Sunday in Tropical Park, the Hispanic officers Association gonna have Ah Black Backed Who caravan as well starting off from the our officer Memorial and I mean, it just shows that despite everything that's going on out, there are officers are focused. They're serving our community, keeping their head on the game, and I'm very proud of our of our police officers in our community is the hole. That's why we stand different than everybody else is a special place and I hope everybody appreciates that. Dad is a special place in the You've done a great job. I think the Bard Sheriff Tony's done a great job of Of we're not like the rest of the country. In that sense, we were community focused. And and that starts with our police officers and enforcement. Thanks to your meddling with keeping you safe each and every day. Thanks, Freddy would talk to next week now. I have a good weekend. Jimmy. Thank you. Take here. It's 7 26 miniseries. Go look at our sports made Jimmy. The Marlins exciting postseason run came to an end with a fizzle yesterday..
"steven mnuchin" Discussed on Newsradio 700 WLW
"Com Roses are red violets are blue. I like money, don't you? Here It comes. The Bloomberg Market Minutes on 700. W l Good morning, Jeff Bellenger. How in the world are you? I'm doing Well, Mike, How are you Happy? You better yesterday where we wrap up. We took a dive. I think. You know, Yesterday we were all a little bit high is taking a dive. Yes, yes, yes. Yes, Stocks posted Modest gains yesterday, blue chips up 1/10 of a percent S and P 500 was up half a percent. NASDAQ advanced 1.4%. But concerns over President Trump testing positive for the Corona virus they're likely to weigh on the market today, futures turned sharply lower on that news and another possible direction center is going to be the September employment data from the Labor Department. Economists think we'll hear that about 875,000 workers were added back to payrolls last month will get that report. At 8 30 already And that's the Democrats sponsored stimulus bill got, Yeah, yeah, did still no bipartisan agreement on a new economic stimulus package. But House Democrats did pass a $2.2 trillion measure and what was essentially a symbolic move because it won't pass in the Senate Speaker Nancy Pelosi says she still open to further talk. She and Treasury Secretary Steven Mnuchin spoke by phone Several times yesterday. Right as things get cooler outside restaurants would like you to move indoors, and people are still feeling a bit uneasy about that. Yeah Majority of Americans. Nearly two thirds of the people surveyed by DeLoss have doubts about whether public spaces have the guidance needed to reopen safely and nearly 60% say they won't feel comfortable and shared spaces for at least another six months. All right, well, futures you sent are off. Yeah. S and P Futures of down 58 points. NASDAQ Futures are down 264 on the Dow Futures are down. 444 points at the moment from Bloomberg. I'm Jeff Alan Durand News radio 700 wlw Getting.
"steven mnuchin" Discussed on AP News
"You days. Mike Rossi, a Washington not wanting to rock the boat. After the first face to face meeting in over a month, House Speaker Nancy Pelosi postponed a vote on a partisan $2.2 trillion virus relief bill that was scheduled for Wednesday night. Pelosi put off the vote until Thursday in hopes talks with Treasury Secretary Steven Mnuchin might produce a breakthrough. Pelosi Evolution had a 90 minute meeting on Capitol Hill Wednesday, and Pelosi issued a statement saying the two would continue to talk, Mnuchin said. Ah lot of progress was made. For the last few days. Mike Rossi a Washington AP News I'm Jackie Quinn. The Corona virus has tightened its grip on the Midwest, with hospitals in Wisconsin reporting a shortage of beds. A covert board is filled that a facility north of Milwaukee patients are being sent elsewhere in the capital of North Dakota and extra hospital unit has been opened up so it can treat virus patients if needed. Talks continue, but there's no deal on a new virus relief package. To help those out of work. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin had a 90 minute meeting on Capitol Hill, but the two sides don't have an agreement. Pelosi issued a statement saying the two would continue to talk Mnuchin, who then briefed Senate Majority Leader Mitch McConnell said a lot of progress was made over the last few days later tonight, the democratically controlled House will vote on a $2.2 trillion virus relief bill that has no chance of Senate passage. Mike Rossia Washington airline employees and executives made no love. Our appeal today for Congress to approve billions more in federal aid. Otherwise, thousands of layoffs are scheduled to start tomorrow. The NFL has decided that due to the cove it outbreak involving the Tennessee Titans. Their game against the Steelers will be postponed in Los Angeles County, a man's under arrest for the shooting of two deputies in a squad car this month. 36 year old Deante Murray has pleaded not guilty. President Trump has tried to walk back his refusal to condemn a far right fascist group during last night's debate. I don't know proud boys are but whoever they are, they have to stand down. Let law enforcement do there were rival Joe Biden. My message to the proud boys and every other white supremacist group is Cease and desist. That's not who we are. This is not who we are as Americans a Shasta County, California, man severely burned by the ravaging wildfires died, becoming the fourth victim of the blaze. Stocks were hired today but still down for the month of September. This is AP News If you drive a Ford there's a recall because of backup cameras. The automakers recalling more than 700,000 vehicles in North America, saying the backup cameras can show distorted images or suddenly go dark. The company's says a poor electrical kid action is causing the problem. The recall covers most 2020 versions of Ford's F Series trucks. As well as the 2020 Explorer Mustang Transit expedition, Escape Ranger and edge. It also includes the Lincoln, Nautilus and Corsair for it says No crashes or injuries have been reported on my company. Marine Corps officials say the pilot of a fuel tanker showed impressive skills when he touched down safely yesterday in a remote area of California. Preventing injuries. Among the seven other crew members on board. There was a midair collision between his plane and a fighter jet. That crash is still under investigation. I'm Jackie Quinn, AP News Corona virus Update. I'm Jackie Quinn with an AP News Minute The Corona virus has tightened its grip on the Midwest with hospitals in Wisconsin in North Dakota. Running low on space in Wisconsin, a hospital north of Milwaukee has exceeded capacity in its cove in 19 unit and has started sending patients to other facilities. The NFL's decided to postpone the game between the Pittsburgh Steelers on the Tennessee Titans ate Titan members have tested positive for the virus. New York City is now allowing indoor dining for the first time since March. This visitor from the Netherlands was happy to sit inside. Don't rush.
"steven mnuchin" Discussed on Squawk Pod
"We're going to talk about this Tiktok dealing whether the algorithms are included. . Do you have to write coalition? ? Rhythms. Do . you know? ? Well, , hold on. . Let me let me just. . You're all fired up. . About it because there's So. . Much I here we go. . All right. . All Right I. . Know You're all fired up you're tweeting about it and I don't follow you believe it or not. . But you know because I like to enjoy my way but someone retweeted your stuff to me and I'm like Oh. . Jeez. . Anyway, , you're mad because trump said he wouldn't do a partnership ever when it was Microsoft and now he likes Oracle I figure it's because Larry News. . Talk? ? All by our make I know I know what I'm GonNa do Marie Redesign and then I'm going to say Andrew hate it away making headlines this morning sources telling senior see that Oracle set to be announced as Tick Tock Tech partner in the US, it's , unclear which parts of TIKTOK technology are being taken over by Oracle in talking about the secret sauce the algorithms and we don't own hasn't commented but <hes> I don't know whether the Chinese government would allow those algorithms there'd be taken our tick tock also. . Won't comment on the potential. . Microsoft had been considered the front runner by tiktok business until this weekend micro says it was notified by TIC TACs. Chinese, . , owner dance at its offer was rejected Walmart was teaming up with Microsoft on its bid their algorithm experts over there at Walmart in a statement late yesterday Walmart suggests it's considering joining Oracle's bid now. . So Andrew, , it's. . It's kind of <hes> I guess it's kind of. . Interesting you know Microsoft I initially saw how you were saying that that there's something nefarious going on here with the Oracle in in the White House and stuff but didn't I mean Microsoft didn't get the jet ideal right I mean do do we know that the White House does not like Microsoft specifically or do we do we think that they like Oracle more because ellison did a fundraiser and suffer cats is a Timing. What . you know I'm not sure. . I I'm not sure how the politics have played and and frankly weather they've played in any of this I think there's question marks now and we will see what ultimately transpires here. . You know I spent. . You probably never some great games yesterday. . I. . Unfortunately I was on the phone trying to figure out what was happening here, , and the interesting part about this particular transaction is that originally Microsoft had started having talked back in June and July. . With. . Tiktok with by dance about what was going to be called the Tech Partnership. . Then effectively, , the clouds, , the azure cloud was going to be the host for four. . TIKTOK and that was the interesting part for for Microsoft. . They were gonNA take a minority interest, , not a controlling interest and then the trump administration turned around and said, , no, , no no, , we don't like that because we have a problem here we don't. Believe. . . We still believe that there's a national security problem in less a US company owns a majority stake, , a a effectively control of the company, , and therefore the view was also the algorithm because that is the business and not just the business for the Algorithm to work the reason why you get fed cool or fun videos that are appealing to you is because what's happening is the company is taking the data. . which you produce meaning the data of which videos you like, , which ones you flipped through quickly and what other things you're producing, , and then they're going and showing you stuff that you like. . So they need the that's like the oil they need the oil for the algorithm to work, , and so once you take the algorithm out of China and put it in this country. . Then all of a sudden China has A. . Problem and so the question in this in this new transaction with Oracle is they're saying this is a tech partnership to that actually the algorithms not coming with well, , the algorithm doesn't really work if you can't feed data. . So the question is how you can do that in a secure way. . Is there a secure way to do it and I? ? Think that's that's the question right now on the table Joe and. . Whether they like Oracle or not I don't know what? ? The the this is Dan. . Saying. . We don't know at this point whether the White House will sign off on this I guess what do we have indications at this? ? One's going to be okay with them versus the other Microsoft too much we have. . Already have gone, , my understanding is that the early indications of the White House is going is trying to find some form of a compromise. . Now, , it's interesting because from a antitrust and competitive landscape, , you would've thought actually that a Microsoft Walmart deal arguably would have been better in many other ways, , which is to say that if Tiktok went to Microsoft all of a sudden, you , could you potentially could build a real meaningful meaningful competitor to a facebook. . So if you thought of anti-trust issues with facebook or potentially with Google on the advertising side. . Potentially against Amazon if you thought it could that far when it comes to Walmart's involvement of the. . So in a way that transaction created all sorts of other benefits beyond the national security issues, , potentially sort of up ending the landscape for technology potentially in a good way to the extent that you're that people have been concerned about competition the
"steven mnuchin" Discussed on Newsradio 700 WLW
"Small business owners. How optimistic are you? And they said, And they said, they're feeling better about the economy. Mike. The monthly optimism index, from the National Federation of Independent Business rose more than expected in August is job creation plans picked up The index is still below its high for the year, which it hit before the pandemic. But the uptick and plans for new jobs does suggest continued improvement in the labor market than the ones ahead. And then our friends in the Senate time to get back to work. Yup. And the Trump administration and Democrats are still deadlocked over a new stimulus relief package. Majority leader Mitch McConnell is going to try to break the stalemate this week. He'll offer of $500 billion plan supported by the White House, Treasury Secretary Steven Mnuchin told Fox News over the weekend. That the measure is targeted. Democrats want more Wall Street firms is slowly bringing workers back. Why'd they let him off in the first place? People weren't laid off there, bringing them back into the office of the office. OK, yes, moving toward more normal work arrangements. JPMorgan Chase has doubled the number of investment bankers working in its New York and London offices. Sources tell Bloomberg half of the banks deal makers will be in the office on any given workday up from 25% previously, and the bankers will alternate between home and office. Okay. We will call you back one of these days. And they have everything could happen. All right. What if you just looked like they were mixed? Yeah, And now they're lower across the board. SNP futures down 22 NASDAQ future Still looking Very bearish down 231 points. The Dow Futures are down 24 from Bloomberg. I'm Jeff Fallon. Jura news radio 700 wlw, Right?.
"steven mnuchin" Discussed on WTOP
"At 6 35 Treasury Secretary Steven Mnuchin. Has told a key house panel the jobs are coming back during this pandemic, but he says more work needs to be done. Double T O P. Capitol Hill correspondent Mitchell Miller today on the hill. I do think the economy is recovering very strongly the Treasury secretary, speaking before the House select subcommittee on the Corona virus, he says millions of jobs are coming back, but acknowledges more must be done to drop the unemployment rate. And help those who are still without work. I want to emphasize the president and I do support additional fiscal response, and we've been working hard to try to get a negotiated agreement on a bipartisan basis. The Republican controlled Senate is considering taking up new legislation next week, but GOP and Democratic lawmakers still remain far apart. On what would be included in the next major measure on Capitol Hill. Mitchell Miller W T. O P New D C is full of locations name for historic figures. But now the city is considering renaming or removing 150 of them because the men, their name forehead, slaves, promoted systemic racism or created policy that oppressed communities of color. The sights include places such as the Jefferson Memorial and the Benjamin Franklin Statue more from W. T O peacemaking, Clark showed a DC school be named for President Woodrow Wilson. What about a park for Benjamin's daughter? To D. C. Consider renaming the Washington Monument it should, according to a working group charged with identifying landmarks named for people with ties to slavery.
"steven mnuchin" Discussed on News 96.5 WDBO
"Secretary Steven Mnuchin predicting the American economy will rebound in the second half of this year from unemployment rates that rival the Great Depression and as the president decide if we need to spend more money to protect the American worker and the American public will absolutely do that but now having spent three trillion dollars we're gonna take a few weeks see how this is working and be considered a niche in outside the White House today the director of the university of Washington institute that created a White House endorsed coronavirus model so the moves by states to re open businesses will translate into more cases and deaths ten days from now Texas reports over thirty seven thousand cases an increase of more than a thousand since yesterday and over a thousand deaths that's an increase of thirty nine since yesterday with more than sixteen thousand active code cases in Texas some people at the White House are taking some precautions after two staffers tested positive A. B. C.'s Rachel Scott in the cabinet room president trump was closely surrounded by senior military officials and his national security team none seen wearing a mask chief of staff mark meadows insists the White House protocols are enough including testing every staff member in close proximity to the president or vice president daily and I can tell you this is probably the safest place to even come to recent memos from the White House management office encourage maximum telework until further notice noting employees should continue to take the utmost precautions including not returning to campus unless required recently recovered from a hospital stay with covert nineteen outlining modest easing of restrictions that will take months British prime minister Boris Johnson if the alert level went about it we will simply wait and go on until we got it right we will come back from these devilish illness people still have to socially distance he says you're listening to ABC news crisis or opportunity you get to decide thousands are losing jobs but could you turn this crisis into a better life for you and your family and do it all from home a thirty nine year old entrepreneur from a billionaire family spent twenty million dollars in five years to find the best home based business in North America he researched seventy different companies and we found the only one that had real long term potential he bought it right now he's looking for people to help him turned this company into its next billion dollar success story want to.
"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" Discussed on WTOP
"Act it's one thirty four with more than twenty two million Americans out of work in just the past month and a growing need for corona virus testing treasury secretary Steven Mnuchin says the new relief packages coming together with the apparent blessing of Democrats and Republicans he says the package covers three main concerns hospitals testing and it addresses small businesses on two levels we think that another three hundred billion dollars that's what we're talking about should be sufficient to reach almost everybody and let me just comment we've also reached an agreement on SBA disaster loan so they'll be another fifty billion dollars appropriated which can do over three hundred billion to disaster loan so these two programs are unprecedented response it's just small businesses he appeared on CNN's state of the union the Pentagon has extended its freeze on domestic and international movement of troops through June thirtieth due to the coronavirus crisis in order takes effect on Monday the freeze was originally set to expire on may eleventh undersecretary of defense for personnel and readiness Matt Donovan says the order includes exceptions for troop deployments and returns recruiting and basic training temporary duty travel or changes of station travel needed for medical treatment and people who are leaving the military Donovan says defense secretary esper will review the policy every fifteen days to determine whether travel may resume earlier tensions between the US and Iran appear to be heating up again Iran's revolutionary guards have issued a warning to the U. S. about its military activities in the Persian Gulf good knowledge in publicly that it forces had a tense encounter with an American warship last week military consulting jump on because Lynn says this is likely part of an ongoing retaliation for the death of general Soleimani or last couple months we've also seen scattered incidents against U. S. bases in Iraq of which it believed were conducted by the Iraqi Shiite militia groups provided support perhaps indirection perhaps by the Iranian government hearings may also believe every move in the summer in the fall that as we approach the November elections there may be an opportunity for them to place greater pressure on president Donald Trump it's one thirty seven.
"steven mnuchin" Discussed on AP News
"Treasury secretary Steven Mnuchin says by midweek millions of people who have direct deposit with the I. R. S. should see a rebate in their bank accounts we started processing this last Friday we expect that over 80000000 hard working Americans will get the direct deposit by this Wednesday it's $1200 for qualified single filers and 2400 for couples but higher income earners will see less and if you haven't received a deposit by Wednesday click on IRS.gov go to get your payment they'll ask for information to speed things along social security recipients will get the money automatically Jackie Quinn Washington
"steven mnuchin" Discussed on AP News
"Treasury secretary Steven Mnuchin says by midweek millions of people who have direct deposit with the I. R. S. should see a rebate in their bank accounts we started processing this last Friday we expect that over 80000000 hard working Americans will get the direct deposit by this Wednesday it's $1200 for qualified single filers and 2400 for couples but higher income earners will see less and if you haven't received a deposit by Wednesday click on IRS.gov go to get your payment they'll ask for information to speed things along social security recipients will get the money automatically Jackie Quinn Washington
"steven mnuchin" Discussed on 860AM The Answer
"Hello dear R. for McEnery I am so tired of the lab media acting like we're all gonna die it is only affecting people that the virus is the fact that the people that are back but the economy is up in the whole world you know I I I certainly appreciate his frustration it's affecting all of us you may not like it you can yell at the moon you can shake your fist at the rain the country is shut down people have a lot of people have died from this and this is a virus that many believe it is unprecedented but I get it I get the frustration were eight were antsy or anxious you know there is a there is a very delicate balance of play here and I and I feel very you know I'm trying not to sound like I'm I'm I'm preaching that yet but I feel very spiritual this week this is Holy Week and there are people can you do you can you try to comprehend how unimaginable it is to have a funeral where people are supposed to be gathering together and hugging and and holding on to each other this is a very very tough time and yet there there certainly is reason for some hope and some prayerful optimism and there's some big breaking news from the treasury secretary many have said that Steven Mnuchin has done a pretty unbelievable job behind the scenes of negotiating the these these financial assistance packages the paycheck.
"steven mnuchin" Discussed on SuperTalk WTN 99.7
"Well it's it's so bad for the economy but the economy is number two on my list first I want to save a lot of lives we're gonna get the economy back I think the economy is going to come back very fast Steve just asking about the economy what's it like we basically shut down our country and we did that in order to keep people separated keep people apart did not work in an office is that not an airplanes together you know we really shut it down and get a hundred and fifty hundred fifty one other countries are pretty much shut down but here with the we have the greatest economy in the world with the greatest economy in the history of our country and I had to go from doing a great job for three years to shutting it down but you know what we're going to build it up we're gonna build up rapidly and I think in the end will be stronger for we learned a lot we learned a lot then I have to say we've had great relationships with a lot of countries China said does some stuff which was terrific Russia said does a very very large plane load of things medical equipment which was very nice other countries so does things that I was very surprised and very happily surprised we learned a lot we're learning a lot and we're also learning that the concept of borders is very important to stave it's very important having borders is very very important but we have done an incredible job the economy is going to come back my focus is saving lives that's the only focus I can have we're gonna bring the economy back or bring it back fascia please follow up.
"steven mnuchin" Discussed on KTLK 1130 AM
"At least one item is going to end up there with them learn today it might not anyway Steven Mnuchin you learn that Dick pound Israel seven year old stops you know but the tech Chuck Schumer as well they spoke by the phone with president Donald Trump as they met late into the night at the capitol last night to the sides have they say they resolved many issues in the sweeping package some disagreements remain you thank she yeah so you you get into this the laundry list of things that well first off the D. the coverage on what was happening on the Senate floor yesterday was was pretty amazing what some of the some of the guys were like I've never seen it get this angry I thought if they're in the we're gonna go back to the days of fighting on the eve on the parliamentary floor right you know what it looks like I was about to happen on C. McConnell Williams swing for the fences Hollins with what I mean yeah I agree I mean most commentators said this and I'm just gonna repeat what they said because I agree you Collins yeah Susan Collins actually showed a motion which I don't know that she's ever done tensions flared as a fox news on the floor yesterday as lawmakers viscerally clashed on camera over phase three of the corona virus response package with Democrats blocking the Republican efforts to advance the massive stimulus bill for a second day in a row leaving the legislation in limbo once more the Senate stalled over the package afternoon forty nine forty six votes it needs sixty votes to advance and I'm not kidding I mentioned it yesterday and I honestly think they should do it I know that rand Paul's been diagnosed and so that's a different ball game all together but for the five GOP Senate Republicans that are self quarantining hazmat suits and put him on the Senate floor for crying out loud I know if they don't have any symptoms just put it in a bubble and get him out there to vote or let him I mean we knew about it let him vote remotely right yeah yeah I know that violates all of the the grand and norms of yada yada yada but this is like you said extraordinary times extraordinary measures I think state legislatures are gonna have to adopt this all around the country sooner rather than later where you're gonna have to figure out ways to let people vote while they are core team to let them participate in the process even if they're not physically standing on the chamber floor yeah we are going to get it into more of this coming up we had a house majority whip James Clyburn who actually you know up front said this is a tremendous opportunity to restructure things to fit our vision this is the stimulus bill that is supposed to provide relief for the millions of individuals that have lost their jobs and yet the Democrats see it as an opportunity to restructure things to fit their branded new deal visions a lot of respect for her ability to just spit out random nonsense in the one hundred percent confident it's not hard news talk A. M. eleven thirty three point five FM hi Chris Sanderson here is a look at the pros sponsored by the T. J. Martell foundation pretty quiet up to this point I think a big problems right now for heading out the door we have a couple stalls out there dot com thirty five W. ninety fourth street out of limits and it was still here this one is off of the right shoulder traffic's moving by their bed on north on highway one hundred broaching the loose street looks like another star here this one also off the left everything else moving along just fine this morning currently it's.