Coronavirus Relief Package Might Not Get Done Before Election Day, Pelosi Suggests
Congress
Coronavirus Relief Package Might Not Get Done Before Election Day, Pelosi Suggests

WASHINGTON — House Speaker Nancy Pelosi raised doubts Thursday about getting a coronavirus aid bill passed before the Nov. 3 elections, even if a bipartisan deal is reached in the coming days. While talks continue, she said it would take time to get a comprehensive... Read More

House Democrats Float Tax Compromises in Coronavirus Relief Talks
Congress
House Democrats Float Tax Compromises in Coronavirus Relief Talks

WASHINGTON - House Democrats are offering several concessions to Republicans on pandemic-related tax items, including a temporary fix to the thorny problem of how teleworkers and others who work in multiple states during the pandemic should be taxed. That pitch is part of a collection... Read More

Coronavirus Relief Bill Talks Snagged Over Testing, Liability, Other Issues
Economy
Coronavirus Relief Bill Talks Snagged Over Testing, Liability, Other Issues

WASHINGTON — Treasury Secretary Steven Mnuchin expressed doubts Wednesday about a COVID-19 aid package becoming law before the Nov. 3 elections. After a morning phone call with Speaker Nancy Pelosi, Mnuchin said the myriad disputes over funding and policy questions... Read More

US Recovery Doesn’t Depend on a Stimulus Deal, Kudlow Says
Economy
US Recovery Doesn’t Depend on a Stimulus Deal, Kudlow Says

A fiscal stimulus deal isn’t essential to the U.S. recovery from the coronavirus pandemic, though the Trump administration and Congressional Democrats will keep talking, White House economic adviser Larry Kudlow said. “Well no, I don’t think it’s dead at all,”... Read More

Mnuchin Virus Relief Plan Includes More State, Local Funds; House Delays Vote
Economy
Mnuchin Virus Relief Plan Includes More State, Local Funds; House Delays Vote

WASHINGTON — Treasury Secretary Steven Mnuchin offered a $1.62 trillion COVID-19 relief proposal in talks with Speaker Nancy Pelosi on Wednesday, offering more state and local assistance than GOP negotiators have to-date in a sign of potential progress toward a... Read More

Senate Votes to Advance Stopgap Spending Bill
Congress
Senate Votes to Advance Stopgap Spending Bill
2020-09-29 21:36:10
by Dan McCue

WASHINGTON - The Senate voted to advance a stopgap spending bill Tuesday night, the penultimate step to avoiding a government shutdown at midnight Wednesday. The vote to limit debate on the measure paves the way for a final vote in... Read More

Pelosi Says Democrats Will Make New Aid ‘Proffer’ to Mnuchin
Congress
Pelosi Says Democrats Will Make New Aid ‘Proffer’ to Mnuchin

Speaker Nancy Pelosi said there’s a chance she and Treasury Secretary Steven Mnuchin can still reach a deal on a coronavirus stimulus package, and that Democrats will unveil a new “proffer” shortly. “I trust Secretary Mnuchin to represent something that... Read More

Mnuchin, Powell Say Congress Needs to Pass More COVID-19 Relief
Economy
Mnuchin, Powell Say Congress Needs to Pass More COVID-19 Relief

WASHINGTON — Treasury Secretary Steven Mnuchin, Federal Reserve Chairman Jerome Powell and representatives from both parties agreed on at least one point at a hearing Tuesday: The economy needs more relief from Congress to sustain the recovery from the coronavirus.... Read More

Copycat Websites, Newly Minted Companies, Double Dippers Cashed in on PPP Loans
Economy
Copycat Websites, Newly Minted Companies, Double Dippers Cashed in on PPP Loans

A suspicious online university whose curriculum appears to be cut and pasted from a European school, two companies with nearly identical websites and two others with practically no internet presence — all five of these businesses are connected to the... Read More

After Labor Day, Senate Plans to Vote on ‘Skinny’ Coronavirus Stimulus Bill
Congress
After Labor Day, Senate Plans to Vote on ‘Skinny’ Coronavirus Stimulus Bill

Senate Republicans hope to vote next week on a so-called “skinny” coronavirus stimulus package even as the gap between the White House and Democrats remains as wide as ever. Sen. John Barrasso, R-Wyo., a close ally of Majority Leader Mitch... Read More

Congress Demands Treasury Department Monitor Coronavirus Bailout Money Better
Congress
Congress Demands Treasury Department Monitor Coronavirus Bailout Money Better
2020-09-01 21:40:47
by Tom Ramstack

WASHINGTON -- Members of Congress directed tough questions at the U.S. Treasury secretary Tuesday about fraud and abuse in the Trump administration’s coronavirus relief program. They said billions of dollars intended to protect jobs and family homes were being diverted... Read More

Treasury Secretary, Fed Chairman Split on Urgency of Congressional Relief Action
Economy
Treasury Secretary, Fed Chairman Split on Urgency of Congressional Relief Action

WASHINGTON — Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell have worked hand in hand to soften the economic devastation wrought by COVID-19, but they don’t appear to see eye to eye on the potential for a quick... Read More

Mnuchin Says ‘Strong Likelihood’ US Will Need More Stimulus
Economy
Mnuchin Says ‘Strong Likelihood’ US Will Need More Stimulus

WASHINGTON — Treasury Secretary Steven Mnuchin said Congress will very likely need to pass more stimulus legislation for the U.S. economy, as the nation struggles to recover from the coronavirus outbreak. “I think there is a strong likelihood we will... Read More

Mnuchin Says Rising Budget Deficits to be a Focus ‘Over Time’
Federal Budget
Mnuchin Says Rising Budget Deficits to be a Focus ‘Over Time’

Treasury Secretary Steven Mnuchin said that “over time” the U.S. will need to look into the sharply rising budget deficits created by the multi-trillion-dollar coronavirus support packages. Right now “we’re in a war,” Mnuchin said on “Fox News Sunday.” “We’re... Read More

White House Agrees to Bipartisan Talks on Interim 'Paycheck Protection' Bill
Economy
White House Agrees to Bipartisan Talks on Interim 'Paycheck Protection' Bill
2020-04-10 18:40:40
by Dan McCue

WASHINGTON — The Trump administration agreed on Friday to pursue bipartisan talks with members of the House and Senate on an interim bill to boost funding to the federal government's $350 million "Paycheck Protection" program. Senate Minority Leader Chuck Schumer... Read More

Treasury Secretary Says US Economy Could Be Back in Business by May
Economy
Treasury Secretary Says US Economy Could Be Back in Business by May
2020-04-09 17:42:17
by Dan McCue

WASHINGTON - Treasury Secretary Steven Mnuchin said Thursday he believes the U.S. could reopen for business in May, following a near halt caused by the coronavirus outbreak. During an extended interview on CNBC's "Squawk on the Street" program, Mnuchin said... Read More

IRS Extends Tax Deadline 90 Days in Response to Coronavirus
In The News
IRS Extends Tax Deadline 90 Days in Response to Coronavirus
2020-03-17 21:57:58
by Dan McCue

WASHINGTON - The Trump administration announced Tuesday that individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past the usual April 15 deadline to July 15. The extension is an effort to inject... Read More

Federal Deficit Just Shy of $1 Trillion for 2019, Highest Since 2012
Federal Budget
Federal Deficit Just Shy of $1 Trillion for 2019, Highest Since 2012
2019-10-25 20:00:10
by Dan McCue

WASHINGTON - The federal deficit for fiscal year 2019 was $984 billion, $205 billion more than in the prior fiscal year, Treasury Secretary Steven Mnuchin announced Friday afternoon. The final accounting from the Treasury Department of the Office of Management... Read More

Trump Floats Mulvaney Replacements Including Mnuchin and Conway
White House
Trump Floats Mulvaney Replacements Including Mnuchin and Conway

WASHINGTON — Donald Trump has for weeks been privately testing the idea of replacing his chief of staff, Mick Mulvaney, who’s swiftly fallen out of favor with some of the president’s allies after high-profile stumbles handling the House impeachment inquiry.... Read More

Ways And Means Chairman Cites ‘Credible Allegations’ Of Misconduct In Presidential Tax Audit
Political News
Ways And Means Chairman Cites ‘Credible Allegations’ Of Misconduct In Presidential Tax Audit

WASHINGTON — The House Ways and Means Committee said it had received “credible allegations” from a federal employee of potentially “inappropriate efforts to influence” the IRS’ mandatory audit of presidential tax returns. References to the unexplained allegations were in a... Read More

Budget Deal Done, Blue Dogs Push For Serious Effort to Curb National Debt
Federal Budget
Budget Deal Done, Blue Dogs Push For Serious Effort to Curb National Debt
2019-07-26 15:23:46
by Dan McCue

WASHINGTON - The House on Thursday approved a deal to lift the nation's debt ceiling and raise caps set on federal spending for the next two years. But even as the votes were being cast on the measure, members of... Read More

Hoyer Hails Bipartisan Budget Deal Averting 'Brinksmanship' and Potential Crisis
Federal Budget
Hoyer Hails Bipartisan Budget Deal Averting 'Brinksmanship' and Potential Crisis
2019-07-23 20:40:31
by Dan McCue

WASHINGTON - House Majority Leader Steny Hoyer said Tuesday a bipartisan agreement on budget caps and the federal debt limits hashed out Monday night is an example of what can happen when elected officials "work together in good faith" for... Read More

McCarthy Pitches Month-Long Debt Ceiling Stopgap, If Deal Can‘t Be Reached
Federal Budget
McCarthy Pitches Month-Long Debt Ceiling Stopgap, If Deal Can‘t Be Reached

WASHINGTON — The House’s top Republican suggested that lawmakers pass a 30-day extension of the debt ceiling to avoid default in early September, if Democrats and the White House can’t agree on compromise discretionary spending caps before leaving for the... Read More

Chairman Neal Issues Subpoenas for Trump Tax Returns
Congress
Chairman Neal Issues Subpoenas for Trump Tax Returns
2019-05-10 21:11:51
by Dan McCue

Representative Richard Neal, D-Mass., chairman of the House Ways and Means Committee Friday issued subpoenas for six years of President Donald Trump's tax returns. The subpoenas give Treasury Secretary Steven Mnuchin and IRS Commissioner Charles Rettig until 5 p.m. next... Read More

US-China Trade Talks Break Up With No Deal In Sight
In The News
US-China Trade Talks Break Up With No Deal In Sight
2019-05-10 20:28:57
by Dan McCue

High stakes trade talks between the United States and China ended Friday with no agreement in sight and mixed signals from the White House in regard to where things stand. In a pair of tweets sent shortly before the markets... Read More

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