Mnuchin to Put $455 Billion in Funds Out of Yellen's Easy Reach
Economy
Mnuchin to Put $455 Billion in Funds Out of Yellen's Easy Reach

WASHINGTON — Treasury Secretary Steven Mnuchin will put $455 billion in unspent Cares Act funding into an account that his presumed successor, former Federal Reserve Chair Janet Yellen, will need authorization from Congress to use. Mnuchin plans to place the money into the agency's General Fund,... 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

Oregon's Read Is Steeped In Public Service, Embracing Opportunities
In The States
Oregon's Read Is Steeped In Public Service, Embracing Opportunities
2019-04-16 20:56:14
by Dan McCue

Tobias Read chuckled. The Oregon state treasurer wasn't long into a conversation when his caller asked why it is that his colleagues in government speak so highly of him. After a self-effacing pause, Read said he's just been lucky. "I... Read More

United States Posted Largest-Ever Monthly Budget Deficit in February
Economy
United States Posted Largest-Ever Monthly Budget Deficit in February
2019-03-22 21:31:58
by Dan McCue

The federal government posted its biggest monthly budget deficit ever in February as a sharp decline in corporate revenue coincided with increased spending, the Treasury Department announced Friday. The budget gap widened to $234 billion in February, compared with a... Read More

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