Latest Steven Mnuchin News

NY puts Democrats a step closer to getting Trump tax returns

May. 22, 2019 1:30 PM EDT

ALBANY, N.Y. (AP) — New York lawmakers gave final passage to legislation Wednesday that would allow President Donald Trump's state tax returns to be released to congressional committees that have, so far, been barred from getting the president's federal filings. The Democrat-led Senate and Assembly both...

Mnuchin says he was unaware of IRS memo on tax returns

May. 22, 2019 12:43 PM EDT

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Wednesday he has no idea who wrote a confidential Internal Revenue Service legal memo that says that tax returns must be given to Congress unless the president asserts executive privilege. Appearing before the House Financial Services Committee,...

Congressional leaders make progress on debt, spending talks

May. 21, 2019 9:06 PM EDT

WASHINGTON (AP) — Top leaders of both parties in Congress made progress Tuesday on two must-do items on the legislative agenda: averting automatic budget cuts and meeting a deadline later this year to increase the government's borrowing limit. But after a flurry of optimism at midday, a deal proved elusive...

Judge sides with Congress over Trump in demands for records

May. 20, 2019 7:05 PM EDT

WASHINGTON (AP) — A federal judge ruled against President Donald Trump on Monday in a financial records dispute with Congress and said lawmakers should get the documents they have subpoenaed. Trump called it a "crazy" decision that his lawyers would appeal. The ruling by U.S. District Judge Amit Mehta...

NY bill to let US House see Trump's state returns narrowed

May. 20, 2019 6:20 PM EDT

ALBANY, N.Y. (AP) — Lawmakers in New York are seeking to sharply narrow a proposal that would grant congressional committees access to state tax returns filed by President Donald Trump to address concerns that it could jeopardize the privacy of anyone who pays taxes in the state. Amendments filed over the...

In clash with Congress, weak legal case may still help Trump

May. 18, 2019 5:06 PM EDT

WASHINGTON (AP) — For all of President Donald Trump's talk of winning, his lawyers are using a legal argument that many scholars say is a pretty sure loser as his team tries to defy congressional attempts to investigate him. Yet they may end up delaying the investigations with their argument, and that...

Step by step: Democrats play the long game against Trump

May. 18, 2019 12:31 AM EDT

WASHINGTON (AP) — First came the sternly worded letters. Then the subpoenas. Now the votes to hold Trump administration officials in contempt of Congress. As House Democrats plod ahead investigating President Donald Trump, against unprecedented stonewalling by the White House, they are pursuing a long-game...

Trump administration rejects subpoena for tax returns

May. 17, 2019 5:39 PM EDT

WASHINGTON (AP) — The Trump administration on Friday missed another deadline to produce President Donald Trump's tax returns. A top House Democrat said he expects to take the administration to court as early as next week over the matter. Treasury Secretary Steven Mnuchin said in a letter that he will not...

Pelosi to meet Mnuchin in hopes of deals on debt, spending

May. 17, 2019 1:28 PM EDT

WASHINGTON (AP) — House Speaker Nancy Pelosi and other congressional leaders have arranged to meet with Treasury Secretary Steven Mnuchin and acting White House chief of staff Mick Mulvaney next week to explore an agreement to increase the government's borrowing cap as well as legislation to stave off a...

Stocks resilient in face of latest US trade moves

May. 16, 2019 8:06 AM EDT

LONDON (AP) — Stocks recovered their poise Thursday after dropping over President Donald Trump's decision to limit U.S. exports to foreign telecoms companies, an order that appeared aimed squarely at China. In Europe, Germany's DAX was up 0.9% to 12,204 while the FTSE 100 index of leading British shares...