Latest Steven Mnuchin News

President Donald Trump speaks during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. (AP Photo/Susan Walsh)

Trump allows some unemployment pay, defers payroll tax

Aug. 8, 2020 11:24 PM EDT

BEDMINSTER, N.J. (AP) — President Donald Trump on Saturday bypassed the nation's lawmakers as he claimed the authority to defer payroll taxes and replace an expired unemployment benefit with a lower amount after negotiations with Congress on a new coronavirus rescue package collapsed. Trump's orders...

Guest lineups for the Sunday news shows

Aug. 8, 2020 1:46 PM EDT

WASHINGTON (AP) — Guest lineups for the Sunday news shows: ABC's “This Week" — Senate Democratic leader Chuck Schumer of New York; White House economic adviser Larry Kudlow. ___ NBC's “Meet the Press” — Sen. Dick Durbin, D-Ill.; White House adviser Peter Navarro. ___ CBS'...

Treasury Secretary Steven Mnuchin, center, and President Donald Trump's Chief of Staff Mark Meadows, second from right, leave following a meeting with House Speaker Nancy Pelosi of Calif. and Senate Minority Leader Sen. Chuck Schumer of N.Y. as they continue to negotiate a coronavirus relief package on Capitol Hill in Washington, Friday, Aug. 7, 2020. (AP Photo/Andrew Harnik)

Virus aid talks collapse; no help expected for jobless now

Aug. 8, 2020 2:09 AM EDT

WASHINGTON (AP) — A last-ditch effort by Democrats to revive Capitol Hill talks on vital COVID-19 rescue money collapsed in disappointment at week's end, making it increasingly likely that Washington gridlock will mean more hardship for millions of people who are losing enhanced jobless benefits and...

Treasury Secretary Steven Mnuchin, center, and President Donald Trump's Chief of Staff Mark Meadows, second from right, leave following a meeting with House Speaker Nancy Pelosi of Calif. and Senate Minority Leader Sen. Chuck Schumer of N.Y. as they continue to negotiate a coronavirus relief package on Capitol Hill in Washington, Friday, Aug. 7, 2020. (AP Photo/Andrew Harnik)

Last-ditch virus aid talks collapse; no help for jobless now

Aug. 7, 2020 10:35 PM EDT

WASHINGTON (AP) — A last-ditch effort by Democrats to revive Capitol Hill talks on vital COVID-19 rescue money collapsed in disappointment Friday, making it increasingly likely that Washington gridlock will mean more hardship for millions of people who are losing enhanced jobless benefits and further...

FILE - People pass the New York Stock Exchange, Thursday, July 30, 2020.  Wall Street is stalling on Friday, Aug. 7 as a whirlwind of worries about rising U.S-China tensions and whether Congress can deliver more aid for the economy threaten to halt its big run.(AP Photo/Mark Lennihan)

S&P 500 ekes out 6th straight gain following jobs report

Aug. 7, 2020 5:32 PM EDT

NEW YORK (AP) — Wall Street’s big rally let off the accelerator on Friday, despite a better-than-expected report on the U.S. job market, amid worries about worsening U.S.-China tensions and whether Washington can deliver more aid for the economy. The S&P 500 inched up 2.12 points, or 0.1%, to...

Treasury Secretary Steven Mnuchin speaks to reporters as White House chief of staff Mark Meadows stands left on Capitol Hill in Washington, Thursday, Aug. 6, 2020. (AP Photo/Carolyn Kaster)

Virus talks on brink of collapse, sides still 'far apart'

Aug. 6, 2020 10:34 PM EDT

WASHINGTON (AP) — Washington talks on vital COVID-19 rescue money are teetering on the brink of collapse after a marathon meeting in the Capitol Thursday night generated a wave of recriminations but little progress on the top issues confronting negotiators. “There’s a handful of very big...

A currency trader wearing a face mask walks near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, Aug. 6, 2020. Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling. (AP Photo/Lee Jin-man)

Asian shares mixed as US talks on stimulus still stalled

Aug. 5, 2020 11:17 PM EDT

Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling. Investors are watching to see if lawmakers will come ahead with fresh stimulus for the U.S. economy. Tokyo's Nikkei 225 index shed 0.4% to 22,438.61 while the Shanghai Composite index gave...

Treasury Secretary Steven Mnuchin arrives for continued negotiations ahead of a meeting, Wednesday, Aug. 5, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Capitol negotiators still stuck, still trying on virus aid

Aug. 5, 2020 9:11 PM EDT

WASHINGTON (AP) — After more than a week’s worth of meetings, at least some clarity is emerging in the bipartisan Washington talks on a huge COVID-19 response bill. Negotiators are still stuck, but still trying. A combative meeting Wednesday involving top Capitol Hill Democrats and the postmaster...

Treasury Secretary Steven Mnuchin, right, accompanied by White House chief of staff Mark Meadows, left, take a question from a reporter following a meeting with Senate Majority Leader Mitch McConnell of Ky. as negotiations continue on a coronavirus relief package on Capitol Hill in Washington, Tuesday, Aug. 4, 2020. (AP Photo/Andrew Harnik)

Progress slow as urgency grows on virus relief legislation

Aug. 5, 2020 6:22 AM EDT

WASHINGTON (AP) — Frustrated Senate Republicans re-upped their complaints that Democratic negotiators are taking too hard a line in talks on a sweeping coronavirus relief bill, but an afternoon negotiating session brought at least modest concessions from both sides, even as an agreement appears far off....

Treasury Secretary Steven Mnuchin, right, accompanied by White House chief of staff Mark Meadows, left, take a question from a reporter following a meeting with Senate Majority Leader Mitch McConnell of Ky. as negotiations continue on a coronavirus relief package on Capitol Hill in Washington, Tuesday, Aug. 4, 2020. (AP Photo/Andrew Harnik)

Progress slow as urgency grows on virus relief legislation

Aug. 4, 2020 10:24 PM EDT

WASHINGTON (AP) — Frustrated Senate Republicans re-upped their complaints Tuesday that Democratic negotiators are taking too hard a line in talks on a sweeping coronavirus relief bill, but an afternoon negotiating session brought at least modest concessions from both sides, even as an agreement appears far...