Mnuchin tried to force a sale of TikTok. Now he’s a possible bidder. - The Washington Post

The former treasury secretary's interest in purchasing the popular app from China-based ByteDance is raising ethical alarms as Congress considers a forced sale…

https://www.washingtonpost.com/business/2024/03/27/mnuchin-tiktok-ban-sale-congress/

Steven Mnuchin Stopped Ivanka Trump World Bank Appointment

President Donald Trump very much wanted Ivanka at the helm, and it was the Treasury secretary who blocked her ascent...

https://theintercept.com/2021/10/10/ivanka-trump-steven-mnuchin-world-bank/

Katie Porter Pummels Steve Mnuchin, Exposing GOP Cruelty

Democratic congresswoman Katie Porter pummelled Steven Mnuchin during a House Financial Services Committee hearing. Porter later made an appearance on CNN to discuss what kind of financial support she supports during this pandemic.....
https://youtu.be/cw-KLOjpwR8

McConnell warns White House against making stimulus deal as Pelosi and Mnuchin inch closer - The Washington Post

GOP leader suggests Democrats are not negotiating in good faith and could disrupt Supreme Court nomination.

https://www.washingtonpost.com/us-policy/2020/10/20/trump-economic-stimulus-pelosi/

Trump again upends stimulus strategy, complaining that Mnuchin hasn’t ‘come home with the bacon’ -The Washington Post

Trump again upends stimulus strategy, complaining that Mnuchin hasn't 'come home with the bacon'

https://www.washingtonpost.com/us-policy/2020/10/15/trump-stimulus-economy-congress/

Trump says stimulus relief negotiations over until after election - The Washington Post

...Even some of Trump's top advisers have said the economy is not doing very well and that more assistance is needed. Further, the stock market is not at record levels, and it also doesn't reflect the broader health of the economy. The unemployment rate has come down from its April peak of around 15 percent, but it is still at 8.4 percent and millions of Americans are struggling to pay their bills, afford food, and find jobs. The U.S. economy has barely recovered half of the jobs lost in March and April, and Trump is set to be the first president in modern history to end his first term with a net loss of American jobs…

https://www.washingtonpost.com/us-policy/2020/10/06/trump-kills-stimulus-talks/

In unusual deal, U.S. Treasury to acquire 30 percent of trucking company in exchange for $700 million loan - The Washington Post

Congress gave Treasury $17 billion to give in loans to firms it deemed "critical" to U.S. national security.

https://www.washingtonpost.com/business/2020/07/01/treasury-loan-yrc-worldwide-cares-act/

Steven Mnuchin warns coronavirus could bring 20% unemployment

Unemployment in the US could soar from record low levels to 20% if strong action is not taken to tackle the coronavirus, the US treasury secretary, Steven Mnuchin, has warned, as officials said Covid-19 has spread to all 50 states and the mayor of New York City accused the president of sidelining the US military as the crisis unfolds.
https://www.theguardian.com/us-news/2020/mar/18/steven-mnuchin-coronavirus-unemployment-treasury-secretary

Democrats say Mnuchin squeezed paid sick leave program - POLITICO

Some lawmakers are complaining that a 'technical' change to the House coronavirus package was actually quite substantial. .....
https://www.politico.com/news/2020/03/17/sick-leave-coronavirus-package-congress-134101

Democrat hits Mnuchin for giving Hunter Biden docs to Republicans | TheHill

Rep. Bill Pascrell (D-N.J.) is criticizing the Treasury Department for providing Republican senators with financial records as part of their probe concerning Hunter Biden. Pascrell, a member of the House Ways and Means Committee, blasted the department for turning over the documents while at the same time refusing to provide House Democrats with President Trump's tax returns. ....
https://thehill.com/policy/finance/482044-democrat-hits-mnuchin-for-giving-hunter-biden-docs-to-republicans

Trump’s Treasury secretary just admitted the tariff rationale is hogwash - The Washington Post

Maybe it was the altitude at Davos.....
https://www.washingtonpost.com/opinions/mnuchin-admits-that-audis-and-toyotas-arent-a-national-security-threat-after-all/2020/01/23/d3a9a5be-3e26-11ea-baca-eb7ace0a3455_story.html

U.S. drops negative designation of China days before deal signing - POLITICO

The Trump administration has dropped its formal designation of China as a currency manipulator, signaling improved relations between the two countries just days before officials are set to sign a preliminary trade deal. Treasury Secretary Steven Mnuchin said Monday that the phase one U.S.-China trade agreement set to be signed on Wednesday includes commitments on currency practices and to refrain from competitive devaluation — pledges that led the administration to remove the label it put in place less than six months ago. ....
https://www.politico.com/news/2020/01/13/china-currency-manipulator-label-098378

Mnuchin seeks delay of proposed disclosure of Secret Service spending on presidential travel until after election - The Washington Post

The Treasury Secretary has balked at a Democratic effort to require the agency to begin reporting the costs of protecting President Trump and his family outside Washington.....
https://www.washingtonpost.com/politics/mnuchin-seeks-delay-of-proposed-disclosure-of-secret-service-spending-on-presidential-travel-until-next-year/2020/01/08/8769ea28-30da-11ea-91fd-82d4e04a3fac_story.html

Treasury moves to roll back Obama rules on offshore tax deals | TheHill

The Treasury Department on Thursday took steps to ease regulations issued during former President Barack Obama’s administration that were aimed at curbing offshore tax deals. Treasury issued final regulations eliminating documentation requirements that were part of the Obama-era rules. The department also announced its intention to propose regulations in the future that alter other portions of the offshore tax rules.
https://thehill.com/policy/finance/468414-treasury-moves-to-roll-back-obama-rules-on-offshore-tax-deals

Homewreckers: How Wall Street, Banks & Trump’s Inner Circle Used the 2008 Housing Crash to Get Rich

We speak with investigative reporter Aaron Glantz about his new book “Homewreckers,” which looks at the devastating legacy of the foreclosure crisis and how much of the so-called recovery is a result of large private equity firms buying up hundreds of thousands of foreclosed homes. “Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream” reveals how the 2008 housing crash decimated millions of Americans’ family wealth but enriched President Donald Trump’s inner circle, including Trump Cabinet members Steven Mnuchin and Wilbur Ross, Trump’s longtime friend and confidant Tom Barrack, and billionaire Republican donor Stephen Schwarzman. Glantz writes, “Now, ensconced in power following Trump’s election, these capitalists are creating new financial products that threaten to make the wealth transfers of the [housing] bust permanent.” Aaron Glantzis a senior reporter at Reveal from The Center for Investigative Reporting. He was a finalist for a Pulitzer Prize this year for his reporting on modern-day redlining.
https://youtu.be/OckBIl9N3TQ

Nancy Pelosi warns cuts in foreign aid could jeopardize budget deal - POLITICO

In a letter to Treasury Secretary Steven Mnuchin, Pelosi warned that such a package could be approved only by Congress....
https://www.politico.com/story/2019/08/18/nancy-pelosi-white-house-budget-agreement-1467160

Why Trump swallowed a budget deal that bleeds red ink - POLITICO

Trump looked to his friend and Treasury secretary Steven Mnuchin to work with Pelosi and McConnell to strike a budget deal that avoids another risky spending fight until after the 2020 election.
https://www.politico.com/story/2019/07/25/how-trump-shut-down-the-gop-deficit-hawks-1433475

Drain the Swamp, Starring Gordon Hartogensis (Opening Arguments podcast OA284)

Today’s episode is a tragedy in three acts, bringing together three seemingly-unrelated stories: (1) understanding the looming crisis at the Pension Benefits Guarantee Corporation; (2) figuring out who Gordon Hartogensis is and why he’s about to gain control over potentially hundreds of billions of dollars in assets; and finally, (3) putting together all the pieces to see how President Trump has acted to protect his crony, Treasury Secretary Steven Mnuchin, from potential criminal and civil liability in connection with his management of Sears. Strap in; it’s going to be a bumpy ride!

We begin in Act I, in which the guys break down the Employee Retirement Income Security Act of 1974 (ERISA), its creation, the Pension Benefits Guaranty Corporation (PBGC), and the developments over the last 45 years that have pushed the PBGC to the brink of collapse.

Act II, then, takes over with the recently-appointed International Man of Mystery, Gordon Hartogensis, to lead the PBGC. Who is this guy, and what has he done to inspire confidence that he can right the ship? Listen and find out!

Act III weaves these stories together with the ongoing civil lawsuit by Sears against Steven Mnuchin and his buddy Eddie Lampert, who are alleged to have looted Sears’s assets, driving it into bankruptcy. You’ll never guess who bought those assets in bankruptcy… or, perhaps you’ll instantly guess who did.

After all that, it’s time for the answer to Thomas Takes the Bar Exam #128 involving a crazy fast-food heist involving an imaginary sniper and the drive-thru lane. Did you get it right??
Interview:
https://openargs.com/todays-episode-brings-together-three-seemingly-unrelated-stories-1-understanding-the-looming-crisis-at-the-pension-benefits-guarantee-corporation-2-figuring-out-who-gordon-hartogensis-is-and-wh/

Mnuchin speaking with Walmart, top retailers about tariff exemptions - The Hill

Treasury Secretary Steven Mnuchin said Wednesday that he was speaking with the chief executives of major U.S. U.S. retailers about exemptions from a new round of proposed tariffs on Chinese goods...
https://thehill.com/policy/finance/444977-mnuchin-speaking-with-walmart-top-retailers-about-tariff-exemptions

Steve Mnuchin Can't Answer Basic Questions About IRS Presidential Audits - HuffPost

Treasury Secretary Steve Mnuchin recently told Congress he would be happy to provide information about Internal Revenue Service audits of presidents ― a task the agency performs every year. But when he was asked for those details on Wednesday, he didn't have the answers...
https://www.huffpost.com/entry/steve-mnuchin-trump-tax-returns_n_5cdc4247e4b066205c60282a