Latest Steven Mnuchin News

A man looks at an electronic stock board of a securities firm in Tokyo, Wednesday, Oct. 21, 2020. Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies.(AP Photo/Koji Sasahara)

World shares mixed as investors eye US economic aid talks

Oct. 21, 2020 7:54 AM EDT

TOKYO (AP) — Stock markets mostly edged lower on Wednesday after Asia closed higher as investors welcomed a batch of solid earnings reports and monitored the prospects for more U.S. economic aid. U.S. shares appeared set to drift lower with Dow futures giving up 0.1% and S&P 500 futures declining 0.2%....

FILE - In this Oct. 1, 2020, file photo Senate Majority Leader Sen. Mitch McConnell of Ky. walks towards the Senate floor on Capitol Hill in Washington. New virus relief will have to wait until after the November election. The architect of the Senate measure, McConnell, isn’t claiming the vote will advance the ball. Once the measure fails, he plans to turn the chamber's full attention to cementing a 6-3 conservative majority on the Supreme Court by confirming Judge Amy Coney Barrett. (AP Photo/Manuel Balce Ceneta, File)

Pandemic relief talks inch ahead, but McConnell is resistant

Oct. 21, 2020 5:24 AM EDT

WASHINGTON (AP) — Negotiations on a huge COVID-19 relief bill have taken a modest step forward, though time is running out and Senate Majority Leader Mitch McConnell, President Donald Trump's most powerful Senate ally, is pressing the White House not to move ahead. McConnell told fellow Republicans that he...

A man looks at an electronic stock board of a securities firm in Tokyo, Wednesday, Oct. 21, 2020. Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies.(AP Photo/Koji Sasahara)

Asian shares rise after Wall Street gains on solid earnings

Oct. 20, 2020 11:19 PM EDT

TOKYO (AP) — Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies. Japan's benchmark Nikkei 225 gained 0.5% in morning trading to 23,676.90. South Korea's Kospi added 0.4% to 2,366.40, while Australia's...

FILE - In this May 22, 2020, file photo the Dome of the U.S. Capitol Building is visible through heavy fog in Washington. New virus relief will have to wait until after the November election. Congress is past the point at which it can deliver more coronavirus aid soon, with differences between House Speaker Nancy Pelosi, Senate Republicans and President Donald Trump proving insurmountable. (AP Photo/Andrew Harnik, File)

McConnell warns White House against COVID relief deal

Oct. 20, 2020 7:06 PM EDT

WASHINGTON (AP) — Washington negotiations on a huge COVID-19 relief bill took a modest step forward on Tuesday, though time is running out and Senate Majority Leader Mitch McConnell, President Donald Trump's most powerful Senate ally, is pressing the White House against going forward. McConnell on Tuesday...

Emirati officials pay first Israel visit after forging ties

Oct. 20, 2020 8:56 AM EDT

JERUSALEM (AP) — A delegation of senior Emirati officials visited Israel on Tuesday for the first time since the two countries agreed to normalize relations, where they signed a slew of bilateral agreements meant to solidify their new ties. U.S. Treasury Secretary Steven Mnuchin accompanied Emirati Finance...

People stand near a bank's electronic board showing the Hong Kong share index Tuesday, Oct. 20, 2020. Asian shares fell moderately Tuesday, echoing Wall Street's decline as hopes faded Washington will come through with badly needed aid for the economy before the U.S. presidential election.   (AP Photo/Vincent Yu)

Asian shares track Wall Street fall as virus aid hopes fade

Oct. 19, 2020 11:55 PM EDT

TOKYO (AP) — Asian shares fell moderately Tuesday, tracking Wall Street's overnight decline as hopes faded Washington will come through with badly needed aid for the U.S. economy before the U.S. presidential election. Investors have been focusing on U.S. economic stimulus amid global uncertainty about the...

FILE - In this May 22, 2020, file photo the Dome of the U.S. Capitol Building is visible through heavy fog in Washington. New virus relief will have to wait until after the November election. Congress is past the point at which it can deliver more coronavirus aid soon, with differences between House Speaker Nancy Pelosi, Senate Republicans and President Donald Trump proving insurmountable. (AP Photo/Andrew Harnik, File)

Deadline looms, but COVID relief deal may be far off

Oct. 19, 2020 8:53 PM EDT

WASHINGTON (AP) — House Speaker Nancy Pelosi reported some progress in advance of a Tuesday deadline for reaching a pre-election deal with President Donald Trump on a new coronavirus relief package, but the same core problems bedeviling the effort remain in place despite optimistic talk from the president...

FILE - In this Monday, Aug. 31, 2020, file photo, an official stands at the door of an Israeli El Al airliner after it landed in Abu Dhabi, United Arab Emirates. The first commercial passenger flight to Israel by a carrier from the United Arab Emirates landed near Tel Aviv on Monday, Oct. 19, 2020, further cementing a normalization deal between the two countries. (Nir Elias/Pool Photo via AP, File)

First commercial passenger flight from UAE lands in Israel

Oct. 19, 2020 11:53 AM EDT

TEL AVIV, Israel (AP) — The first commercial passenger flight to Israel by a carrier from the United Arab Emirates landed near Tel Aviv on Monday, further cementing a normalization deal between the two countries. Etihad Airways Flight No. 9607 landed at Israel's Ben-Gurion international airport just after...

The national flags of Bahrain, Israel and America, flutter in near the Israeli flag carrier El Al plane that will fly an Israeli delegation, accompanied by U.S. aides, to Bahrain to formalise relations and broaden Gulf cooperation, at Ben Gurion airport in Lod, near Tel Aviv, Israel Sunday, Oct. 18, 2020. (Ronen Zvulun/Pool Photo via AP)

Israel, Bahrain sign deal establishing formal ties

Oct. 18, 2020 3:14 PM EDT

JERUSALEM (AP) — Israel and Bahrain on Sunday agreed to establish formal diplomatic relations, making the small Gulf country the fourth Arab state to normalize ties with Israel. The U.S.-brokered agreement capped a one-day visit by a high-level delegation of American and Israeli officials to Bahrain....

FILE - In this Sept. 1, 2020 file photo, Treasury Secretary Steven Mnuchin testifies before the House Select Subcommittee on the Coronavirus Crisis, during a hybrid hearing on Capitol Hill in Washington. The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring. The Trump administration reported Friday, Oct. 16,  that the deficit for the budget year that ended on Sept. 30 was three times the size of last year's deficit of $984 billion. (Graeme Jennings/Pool via AP, File)

Awash in red ink: US posts record $3.1T 2020 budget deficit

Oct. 16, 2020 3:19 PM EDT

WASHINGTON (AP) — The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring. The Trump administration reported Friday that the deficit for the budget year that ended...