Tag: Steven Mnuchin

Capital and Risk, Macroeconomic

As hopes fade for a major stimulus, here’s what it means for the fragile economy

November 4, 2020


As the question remains over who will capture the hotly contested presidential race, one casualty quickly emerging from fallout is the massive stimulus package Democrats were hoping to get to boost the economy. A blue-wave victory in Tuesday’s elections was […]

Capital and Risk, Credit, Regulations

Mnuchin says U.S. will audit small-business loans above $2 million and warns of ‘criminal liability’ for false certifications

April 28, 2020

Via: Market Watch

The Trump administration will audit small-business loans above $2 million, U.S. Treasury Secretary Steven Mnuchin said Tuesday, as he warned of criminal liability for companies who improperly got government cash. “It’s the borrowers who have criminal liability” if they made […]

Capital and Risk, Macroeconomic

Trump says a US-China trade deal is possible, but he’s ‘happy where we are now’

June 26, 2019


President Donald Trump expressed optimism Wednesday for a trade deal with China but said he’s happy with the way things are going and is still considering putting tariffs on all Chinese imports. The president, in an interview with Fox Business, […]

Capital and Risk, Macroeconomic

Trump’s plan to crack down on foreign investment is much less harsh than expected

June 27, 2018


The White House won’t be looking to block companies with 25 percent or more of Chinese ownership from buying certain U.S. tech-related companies. Instead, the government will rely on the newly strengthened Committee on Foreign Investment in the United States […]