Latest Steven Mnuchin News

Trump summons Powell to discuss rates amid WH attacks on Fed

Nov. 18, 2019 2:43 PM EST

WASHINGTON (AP) — President Donald Trump summoned Federal Reserve Chairman Jerome Powell to the White House on Monday to discuss the economy and interest rates — issues on which Trump has repeatedly attacked the Fed. The Fed said in a statement that Powell’s message to Trump during their...

India, US to enhance cooperation in combating terrorism

Nov. 1, 2019 2:42 PM EDT

NEW DELHI (AP) — India and the U.S. agreed Friday to enhanced cooperation in tackling money laundering and combating the financing of terrorism. A statement issued after a meeting of the Economic and Financial Partnership group said the cooperation was not limited to information exchanges involving global...

Saudi energy minister: Saudi Aramco's public offering 'soon'

Oct. 30, 2019 6:29 AM EDT

RIYADH, Saudi Arabia (AP) — A planned stock offering of a small part of state-run oil giant Saudi Aramco "will come soon" and only at the direction of Saudi Arabia's crown prince, the kingdom's energy minister said Wednesday, further underlining the power of the 34-year-old royal. The minister, Prince...

US Treasury Secretary vows more economic sanctions on Iran

Oct. 28, 2019 1:39 PM EDT

JERUSALEM (AP) — U.S. Treasury Secretary Steven Mnuchin pledged Monday to increase sanctions against Iran, saying the Trump administration's "maximum pressure campaign" is halting alleged Iranian aggression in the Middle East. Mnuchin met Monday in Jerusalem with Israeli Prime Minister Benjamin Netanyahu,...

US deficit hits nearly $1 trillion. When will it matter?

Oct. 25, 2019 7:08 PM EDT

WASHINGTON (AP) — The Trump administration reported a river of red ink Friday. The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in seven years. The gap is widely expected to top $1 trillion in the current budget year and likely remain there for...

Zuckerberg defends Facebook's currency plans before Congress

Oct. 23, 2019 7:06 PM EDT

WASHINGTON (AP) — Facebook CEO Mark Zuckerberg endured hours of prickly questioning from lawmakers Wednesday as he defended the company's new globally ambitious project to create a digital currency while also dealing with widening scrutiny from U.S. regulators. Representatives also grilled Zuckerberg on...

Trump donor to plead guilty to hiding work as foreign agent

Oct. 22, 2019 7:17 PM EDT

WASHINGTON (AP) — A prolific political fundraiser who raised millions of dollars for Democrats before donating large sums to President Donald Trump's inaugural committee has agreed to plead guilty to multiple federal charges, including tax evasion and concealing his work as a foreign agent as he lobbied...

Finance officials pledge to combat global economic slowdown

Oct. 19, 2019 3:42 PM EDT

WASHINGTON (AP) — Global finance officials wrapped up their fall meetings on Saturday with a pledge to "employ all appropriate tools" to combat the weakest global growth in a decade, but there was little evidence of progress in easing trade tensions, a major source of the slowdown. The policy-setting...

IMF, World Bank leaders appeal for an end to trade wars

Oct. 18, 2019 3:06 PM EDT

WASHINGTON (AP) — The leaders of the International Monetary Fund and the World Bank appealed to their 189 member countries on Friday to resolve widening disagreements on trade and other issues, warning that the divisions threaten to worsen the impact of a global slowdown. The IMF's managing director,...

IMF head says more needed to boost growth than US-China deal

Oct. 17, 2019 6:56 PM EDT

WASHINGTON (AP) — The International Monetary Fund's new leader said Thursday that a trade truce between the United States and China could trim expected losses to the world economy but won't be enough to produce strong global growth. Before last week's tentative trade agreement, the IMF had estimated that...