Steven Mnuchin

Mnuchin, Perry Face Senate Confirmation Hearing

... administration may have to work hard to find a basis for calling China a currency manipulator now , there’s little doubt he’d use those powers as leverage in his trade negotiations with Beijing. Ian Talley. Mnuchin Hearing Almost Done With First Round of Questions. Steven Mnuchin has received a grilling from nearly all Democrats and from one Republican, Sen. Dean Heller, through more than three hours of testimony before the Senate Finance Committee. There are at least two senators in the room who haven't had a chance to ask questions yet, Republican Rob Portman of Ohio and Democrat Maria Cantwell of Washington. It appears the committee may take a recess after those two have time for questions, and Democrats have signaled they'd like to have another round of questioning for Mr. Mnuchin. Nick Timiraos. Rick Perry Deflects Questions on Iran Nuclear Deal. In Sen. Al Franken’s second round of questioning Donald Trump’s pick to head the Energy ...

Trump Picks Steven Mnuchin And Rick Perry Face Confirmation Hearings

... Interior; Betsy De Vos for secretary of education; Scott Pruitt to lead the Environmental Protection Agency; Tom Price for secretary of health and human services; Wilbur Ross to lead the Commerce Department; and Nikki Haley for U. S. ambassador to the United Nations. Read the latest updates below. Also on Huff Post. 8 Reasons To Worry About Rick Perry Running The Department Of Energy. He doesn’t seem to understand what the DOE actually does. “They’ve never created one bit of energy, the best I can tell,” Perry said during an October 2011 campaign stop in New Hampshire. “Our energy industry has to be freed up from the overregulations. We need to have a domestic energy policy that is for America to be independent on our own energy within eight years.”. But here’s the problem with Perry’s assumptions about the DOE: Only a tiny fraction of the department's work actually involves energy production. That is “overwhelmingly a job for the private sector,” William Tobey, a former deputy administrator at the National Nuclear Security Administration, wrote in December in Foreign Policy. The DOE has two primary focuses: nuclear energy, security, weapons and cleanup, which accounts for some ...

Samantha Bee Introduces You To Trump's Swampy Treasury Secretary, Steve Mnuchin

... Suicide Squad, where the group of bad guys end up actually saving the day," Bee said. "But it will probably be like Steve's film Entourage — most people didn't want it, it disappointed those who did, and it only helped those who were directly involved in it." Watch below — and be warned, there is some NSFW language. Peter Weber. 12:08 a.m. ET. Izzy went from having one owner to dozens, after she was adopted by the residents of the Brookdale Kingston assisted living community in Tennessee. Izzy, a 10-year-old mixed breed with vision problems, moved to Brookdale with her owner last fall. Staff and residents quickly became enamored with Izzy, a social dog who enjoyed visiting with people around the building. When Izzy's owner died and family members were not able to take her in, the community quickly came up with a solution. "We realized her home was here with us and so she has stayed," ...

Steven Mnuchin Deflects Fierce Scrutiny From Democrats During Senate Hearing

... fund based in the Cayman Islands. "You've made it very clear that you paid your taxes … but the entities that you were helping or that you were making money from, you were helping them avoid U. S. taxes," Sen. Robert Menendez (D-N. J.) said. Mnuchin did admit Thursday that Trump's proposed tax plan — which some have predicted could add trillions to the national debt — may have suffered due to the Trump campaign's "rather modest campaign staff." He also skirted pointed questions about who would benefit from the tax cut that comes from repealing Obama Care, saying the tax system needs "overall" reform. Obama commutes 330 prison sentences on final day in office. On his last day in office, President Obama commuted the prison sentences of 330 federal inmates serving time for non-violent drug offenses. This latest round of commutations, likely Obama's "last major act as president," marks the "most any U. S. president has issued in a single day," The Associated Press reported. To date, Obama has commuted the sentences of 1,715 people, 568 of whom were serving life sentences, a total that far surpasses that of any ...

Regulation Is Killing Community Banks

... of Treasury Secretary Steven Mnuchin’s confirmation hearing so far was his rousing defense of community banks against overbearing federal regulations. “Regulation is killing community banks,” he declared, and if the process is not reversed, we could “end up in a world where we have four big banks in this country.” He went on to offer examples of how regulations enacted after the 2008 financial crisis had some unexpected negative consequences. SIGN UP FOR OUR NEWSLETTER. Mnuchin ran through a list of regulatory agencies — “the OCC, the FDIC, Consumer Protection Bureau, the Federal Reserve”— and noted that “in certain cases, there is overlapping regulation.”. “My biggest concern, and I fully support regulation for banks with FDIC insurance, but my biggest concern is that this regulation is killing community banks,” he said. “We’re losing the community banking business. We’re losing the ability for small and medium-sized banks to make good loans to small and medium-sized businesses in the community, where they understand those credit ...

Steven Mnuchin Testifies

... Business Travelers. Get the day’s top stories by 6 am. and breaking news as it unfolds. Connect with Facebook. Sign up & return to story. Please enter a valid email. Get Today’s Headlines every morning and breaking news as it unfolds. Connect with Facebook. Sign up & return to story. Please enter a valid email. We hope you’ve enjoyed your. 5 free articles. to __link__ for just 99¢. Subscribe Now. Already a subscriber? Log in. DON'T MISS THESE MUST READS. Get unlimited access and never miss a story. Alec Baldwin impersonates Donald Trump at anti-Trump rally in NYC. Who will be at the Women’s March in Boston? Everyone, it seems. Intercepted Russian communications part of inquiry into Trump associates. Why women are marching on Washington. We hope you've enjoyed your 5 free articles'. Continue reading by subscribing to Boston __link__ for just 99¢. Continue reading by subscribing to __link__ for just $.99¢. Stay informed with unlimited access to Boston’s trusted news source. High-quality journalism from ...

U.s. Treasury Nominee Mnuchin Hammered Over Offshore Tax Havens

... of his holdings, complicated federal forms and a lawyer's advice that the real estate disclosure was not required, also tried to clarify Trump's recent market-moving comments on the U. S. dollar. The Republican businessman-turned politician, who will be sworn in on Friday, said in an interview published this week in the Wall Street Journal that the dollar's strength was "killing us," prompting the greenback to fall and gold prices to jump. Mnuchin said he believed that Trump's remarks, which usurped a role normally reserved for Treasury secretaries, referred to a short-term spike in the dollar due to market factors, not its longer-term value. "The long-term strength over long periods of time is important" for the dollar, Mnuchin said. He also said he would like to see an increase in the U. S. government's debt ceiling "sooner rather than ...

The American Dream Is In Steven Mnuchin’s Hands

... Bruce Berkowitz, Richard Perry and Mnuchin’s pal and ex-partner, John Paulson. But detractors say that plan wouldn’t be so simple. “The reality is you can’t do recap and release,” Christopher Whalen, an analyst at Kroll Bond Rating Agency, told The Post. “The US taxpayer has put $200 billion into the two enterprises. You can’t just leave it there and let the … trolls wander off with John Paulson.”. Mnuchin’s comments come one week after Ben Carson, Trump’s pick to lead Housing and Urban Development , said he thought companies didn’t need a government backstop to offer 30-year mortgages. “They all think that you can privatize these things. You can’t,” Whalen said. “There would be no national market for 30-year mortgages.”. The US is one of two countries where homebuyers can get a 30-year mortgage, in large part ...