U.S. Dept. of the Treasury

Steve Mnuchin Says the Darnedest Things

The Treasury secretary doesn't let credibility get in his way, especially on taxes.<p>The tax legislation that has passed the House and is working its way through the Senate "will pay for itself," Treasury Secretary Steve Mnuchin has said repeatedly over the past few months.<p>No serious analysis of the …

Steve Mnuchin

States Warn of Budget Crunch Under Republican Tax Plan

WASHINGTON — Since getting crushed by the recession a decade ago, the state of Oregon has been on an economic upswing. The jobless rate has dipped below 4 percent from a high of 12 percent in 2009, home values are up and people are flocking to the state.<p>Net migration accounted for roughly 88 …

U.S. Politics

Presenting your 2017 Turkey Bowl winners

**Want FOX News Halftime Report in your inbox every day? Sign up here.**<p><b>PRESENTING YOUR 2017 TURKEY BOWL WINNERS</b><p>America has much to be grateful for this Thanksgiving: Peace, prosperity and what <b>Abraham Lincoln</b> called the “inestimable blessings” of “the Great Disposer of Events.”<p>But if you really …

U.S. Politics

Keller @ Large: Leftover Turkeys Of 2017

BOSTON (CBS) – Over the past few days, we’ve given you our picks for the top national and local turkeys of 2017. Paring down those lists wasn’t easy. …

Louise Linton

Treasurys Strengthen Into Holiday

U.S. government bonds strengthened Tuesday as investors continued to bet that inflation will remain soft as the Federal Reserve raises interest rates.<p>In recent trading, the yield on the benchmark 10-year Treasury note was 2.361%, according to Tradeweb, compared with 2.370% Monday. Yields fall when …

Economy

Make America Normal Again

If the President wanted to tweet a critique of his own administration’s management of the federal debt, he might type: “The Treasury appears to be throwing away a great opportunity to lock in cheap financing for years to come. Sad!”<p>With historically low interest rates that are bound to go higher …

Opinion

Bring a chart to Thanksgiving dinner to bash GOP tax plan, Schumer says

Senate Minority Leader Chuck Schumer told his Twitter followers Tuesday to prepare for tax politics at the Thanksgiving dinner table, and then he …

Chuck Schumer

Members of Congress push for US to take tougher line on Qatar

<b>(CNN) —</b> Members of Congress are calling on the Trump administration to take a tougher line against Qatar, accusing the small Persian Gulf nation of supporting the Palestinian militant group Hamas.<p>A bipartisan group of representatives sent a letter to Treasury Secretary Steven Mnuchin on Monday that …

Middle East

Yellen says Fed needs to avoid 'boom-bust'cycle in economy

Federal Reserve Chair Janet Yellen says the biggest challenge facing the central bank in coming years will be to craft an interest rate policy that …

Economy

Is USA Inc. A 'SELL'?

Health Care spending a thorn in America's side.<p>Social Security problem has easier solutions.<p>Politicans not willing to committ political suicide to …

Business

Senate appropriators release funding bills with cyber money

<i>With help from Eric Geller and Martin Matishak</i><p><b>SENATE REVEALS CYBER FUNDING FOR TREASURY, IRS, OPM —</b> Senate appropriators on Monday chided the Treasury Department and IRS for letting cybersecurity vulnerabilities persist in mission-critical systems. The admonition came in the detailed breakdown of …

Cybersecurity

'I Cannot Eat Three Bowls of Rice at One Time'

When the Vietnam War ended in 1975, and the first refugees trickled into the Los Angeles area, Helene Ross, co-founder of the Westlake Women's Club, …

Ho Chi Minh City

Lawmakers call on Treasury to take tougher stance on Hamas in Qatar

A group of lawmakers on Monday called on Treasury Secretary Steve Mnuchin to take a tougher stance on the terrorist group Hamas in Qatar.

Steve Mnuchin

Lies, Incoherence and Rage on Tax Cuts

One thing you can count on in 21st-century U.S. politics is that Republicans will lie about taxes. They did it under George W. Bush, they did it under Barack Obama and they’re still doing it under Donald Trump.<p>Yet this time is different. It’s not just that the lies have gotten even more brazen. …

Politics

H.R. McMaster reportedly thinks Trump is an “idiot” with the brain of a “kindergartner”

The national security adviser isn’t the only member of Trump’s war cabinet who seems to feel that way.<p>National Security Adviser H.R. McMaster unloaded on President Trump at a private dinner in July, according to an explosive new report in Buzzfeed, referring to his boss as an “idiot,” a “dope” and …

H. R. McMaster

If you tax the rich, they won't leave: US data contradicts millionaires' threats

Does raising taxes on the rich really trigger their migration to more obliging states or countries? This study of every million-dollar earner in the US shows otherwise<p>In the classic Ayn Rand novel Atlas Shrugged, the rich go “on strike” – withdrawing their services and disappearing from society in …

U.S. Government

U.S. Treasury Sanctions ‘Large-Scale’ Iran Counterfeiting Ring

Claims Iran’s Islamic Revolutionary Guard Corps ran counterfeiting operations<p>WASHINGTON—The Trump administration on Monday imposed sanctions on what the Treasury Department describes as a “large-scale” Iranian counterfeiting ring that it says is run by the Islamic Revolutionary Guard Corps and …

Iran

The Treasury Secretary's Wife

National Review on the viral photo of Treasury Secretary Steve Mnuchin and his wife holding a page of uncut dollar bills:<p>And she was back in the news …

Louise Linton

House tax plan won’t yield nearly enough growth to pay for itself, analysis finds - MarketWatch

The tax bill passed by the House of Representatives will boost economic growth in the U.S., but not by enough to pay for itself, a new study found.<p>In …

Mick Mulvaney

US sanctions hit two German firms in Iran-linked counterfeit scheme

The US Treasury has sanctioned two German companies involved in an elaborate counterfeit currency scheme. "Hundreds of millions of dollars" in Yemeni …

World News

Would Steven Mnuchin Receive This Kind of Press If He Were a Democrat?

What is it about that photograph of the Treasury secretary, Steven Mnuchin, and his wife, Louise Linton, holding a sheet of dollar bills that has so …

Business

White House Watch: Trump Twitter Can Still Shock You

<b>Donald Trump’s predictable unpredictability on Twitter</b> has gone from a frustration to a mere annoyance for Capitol Hill, his cabinet, and his White …

Politics

Chris Christie gets road named for him in home county

New Jersey Gov. Chris Christie is getting a legacy in his home county.

Chris Christie

US hits Iran firms with sanctions for counterfeit Yemen cash

WASHINGTON – The Trump administration is imposing sanctions on six Iranian men and companies for counterfeiting Yemeni currency as a part of a scheme by the Islamic Revolutionary Guard Corps to destabilize the country.<p>The Treasury Department said Monday that those sanctioned, including two …

Business

Questions about the Republican tax bill in the Senate (2 letters)

J. Scott Applewhite, The Associated PressSenate Majority Leader Mitch McConnell, Sen. Orrin Hatch, and Treasury Secretary Steven Mnuchin speak to …

Denver

What you need to know on Wall Street today

<i>Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.</i><p>While many stock bulls have for months focused on positive corporate fundamentals — most notably earnings growth — equities …

Business

Get a grip, W magazine: A 13-year-old actress is 'why TV is sexier'?!?

WTF MSM!? A 13-year-old makes the "sexier" list?<p>Posted November 20, 2017 01:48 PM by Rob Eno<p>Actress Millie Bobby Brown during the 2017 C2E2 Chicago …

Conservative View

News Highlights: Top Financial Services News of the Day

PayPal to Introduce Customers to Robo Investing<p>The San Jose, Calif., payments company is connecting its website and smartphone apps with those of Acorns Grow Inc., a five-year-old automated savings and investment service.<p>Zions to Challenge Its 'Big Bank' Label<p>Zions Bancorp has long insisted it …

Jes Staley

Fil-Am sworn in as US Treasury adviser

WASHINGTON -- A Filipina community leader was sworn in as amember of the U.S. Treasury Department's Community Development Financial Institutions …

Philippines

Rates on short-term Treasury bills rose at weekly auction

Interest rates on short-term Treasury bills rose in Monday's auction to their highest levels since the fall of 2008.<p>The Treasury Department auctioned …

Economy