Treasury Secretary Steven Mnuchin on Tuesday defended his department’s implementation of a bipartisan Russia sanctions law, vowing to senators that “there will be sanctions” stemming from the Trump administration’s work. Mnuchin’s remarks come amid rising frustration from Democrats over the administration’s decision Monday to delay the issuance of new penalties targeting Moscow’s defense and intelligence […]
Tax Cuts Drive Business Back to the Motor City…
Fiat Chrysler will make Ram trucks in Michigan instead of Mexico beginning in 2020, and the company says this will mean 2,500 extra jobs at the plant in Warren, Detroit’s largest suburb. While this isn’t the first bit of good economic news in the wake of big corporate tax cuts Republicans just passed, it’s the […]
Nomi Prins: Steven Mnuchin, Foreclosure King of America…
Yves here. I hate criticizing an important post by Nomi Prins, which sets forth Treasury Secretary Steve Mnuchin’s dodgy history and his current hypocrisies in detail. But even though Prins has been a regular, articulate critic of high finance, she has not gotten as far from Goldman as she thinks she has. Like virtually all […]
Trump Announces New Sanctions on North Korea…
President Trump on Thursday signed an executive order imposing new sanctions on North Korea as the U.S. and its allies sought to ramp up pressure on Kim Jong Un to abandon his nuclear ambitions. Speaking at the United Nations before a working lunch with Japanese Prime Minister Shinzo Abe and South Korean President Moon…
Trump Sanctions President Maduro. What It Means for Venezuela…
On Monday, the U.S. Treasury Department announced new sanctions on Venezuelan president Nicolas Maduro. The sanctions mean that “…. all assets of Nicolas Maduro subject to U.S. jurisdiction are frozen, and U.S. persons are prohibited from dealing with him.” The penalties are a response to Maduro’s decision to replace Venezuela’s parliament with a…
Freezes U.S. Assets…
Venezuelan’s Vote to Support National Constituent Assembly…
U.S. Treasury Unveils Financial Reforms, Critics Attack…
The U.S. Treasury Department unveiled a sweeping plan on Monday to upend the country’s financial regulatory framework, which, if successful, would grant many items on Wall Street’s wishlist. The nearly 150-page report suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an […]
Treasury Secretary Mnuchin Wants to Put a Bigger Blindfold on Consumers…
Trump Makes America Goldman’s Again! #MAGA…
It’s now time for us, as a nation, to come together and congratulate the winner of the 2016 presidential election: Goldman Sachs. Many Donald Trump voters likely believed his victory would be a loss for Goldman…
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