Latest Steven Mnuchin News

Federal appeals court OKs tax-free housing for clergy

Mar. 15, 2019 9:19 PM EDT

MADISON, Wis. (AP) — A federal appeals court ruled Friday that a law giving clergy tax-free housing allowances is constitutional, overturning a ruling in Wisconsin that said it was an unconstitutional benefit and delivering a huge win to religious leaders who had fought to keep the substantial benefit. The...

China's premier denies Beijing tells companies to spy

Mar. 15, 2019 8:37 AM EDT

BEIJING (AP) — China's No. 2 leader denied that Beijing tells its tech companies to spy abroad and promised Friday to treat foreign and domestic competitors equally in an effort to defuse tensions with Washington and Europe. Premier Li Keqiang's rejection of spying accusations at a news conference was the...

Chinese lawmakers endorse technology law amid US pressure

Mar. 14, 2019 9:54 PM EDT

BEIJING (AP) — Chinese legislators on Friday endorsed a law meant to help end a costly tariff war with Washington by discouraging officials from pressuring foreign companies to hand over technology. The measure is part of an investment law that aims to address complaints by the United States, Europe and...

US candidate clears big hurdle in effort to head World Bank

Mar. 14, 2019 3:11 PM EDT

WASHINGTON (AP) — The Treasury official nominated by President Donald Trump to be the next president of the World Bank has cleared a major hurdle, with nominations for the position closing with no other candidates emerging. The World Bank said Thursday that David Malpass was the only candidate put forward...

Mnuchin says he'll protect Trump privacy if taxes requested

Mar. 14, 2019 11:51 AM EDT

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin suggested Thursday he will protect President Donald Trump's privacy if he receives a request from House Democrats for Trump's tax returns. At a House Ways and Means Committee hearing, Mnuchin was asked whether he would meet a request for Trump's past tax...

WH official: US, China in 'final weeks' of trade talks

Mar. 12, 2019 12:53 PM EDT

WASHINGTON (AP) — The top U.S. trade negotiator suggests that the U.S. and China are nearing an agreement that would end their trade conflict, but wouldn't commit to a specific time frame. "Our hope is that we are in the final weeks of having an agreement," U.S. Trade Representative Robert Lighthizer told...

US sanctions Russia based bank for its work in Venezuela

Mar. 11, 2019 6:12 PM EDT

WASHINGTON (AP) — The Trump administration imposed sanctions Monday on a Moscow-based bank jointly owned by Russian and Venezuelan state-owned companies, for allegedly trying to circumvent U.S. sanctions on the South American country. Meanwhile, Secretary of State Mike Pompeo lashed out at Cuba and Russia...

US budget deficit up 77 percent so far this budget year

Mar. 5, 2019 2:48 PM EST

WASHINGTON (AP) — The federal government recorded a budget surplus in January. But so far this budget year, the total deficit is 77 percent higher than the same period a year ago. The Treasury Department said Tuesday that the deficit for the first four months of this budget year, which began Oct. 1,...

Mnuchin announces halt in payments into 2 retirement funds

Mar. 4, 2019 6:38 PM EST

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin informed Congress on Monday that he will stop making payments into two government retirement funds now that the debt limit has gone back into effect. In a letter to congressional leaders, Mnuchin said that he would stop making investments into a civil...

Klobuchar and Kennedy kid Washington elite at Gridiron

Mar. 2, 2019 11:57 PM EST

WASHINGTON (AP) — If a woman can be president, can a woman also tell a dirty joke? Amy Klobuchar thinks so. The U.S. senator from Minnesota and famously snow-swept presidential candidate was the Democratic speaker for the 134th annual Gridiron Club and Foundation dinner. The event calls for good-natured...