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Tag: Steven Mnuchin

USA: White House offers limited plan to support economy

USA: White House offers limited plan to support economy

The Trump administration on Sunday called on Congress to pass narrow-scope text to address the coronavirus crisis using the balance of an expired small business aid fund while negotiations for a comprehensive agreement are deadlocked. The White House proposal, deemed insufficient by the Democrats, is the latest in a series of discussions between the Democrats, […]

US Corona Countermeasures farewell, negotiations continue The administration wants less than $2 trillion

US Corona Countermeasures farewell, negotiations continue The administration wants less than $2 trillion

According to the White House, Secretary Steven Mnuchin presented a new $ 1.8 trillion measure in a 30-minute telephone talk this afternoon. However, the new proposal lacked inclusiveness, according to Spokesperson Hammill, Speaker of the House of Representatives Pelosi. A spokesman posted on Twitter, “We are waiting for words from the administration as talks over the […]

Over 1,000 NYC police contract COVID-19

Over 1,000 NYC police contract COVID-19

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 885,000 Global deaths: At least 44,000 US cases: At least 190,000 US deaths: At least 4,100 The data above was compiled […]

White House is not planning 4th bill

White House is not planning 4th bill

The White House is not currently planning for a fourth emergency coronavirus response proposal as it focuses on implementing the unprecedented $2 trillion relief package passed last week, two senior administration officials told CNBC. Since President Donald Trump signed the bill into law Friday, House Democrats have started to outline their priorities for another piece […]

Dow down 500, second quarter begins, Trump’s warning

Dow down 500, second quarter begins, Trump’s warning

A man runs past the New York Stock Exchange (NYSE). Bloomberg This is a live blog. Check back for updates. 11:02 am: ‘The other bomb that’s dropping’ — Cramer’s warning as first shale company files for chapter 11 Analysts have warned that falling oil prices will lead to a wave of consolidation or bankruptcies in the […]

States hit with medical shortages, UK lockdown could last six months

States hit with medical shortages, UK lockdown could last six months

This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This live blog will be updated throughout the day as the news breaks. Global cases: More than 684,000 Global deaths: At least 32,000 United States cases: At least 124,600 United States deaths: At least […]

Trump pushes back against congressional oversight for $500 billion bailout fund

Trump pushes back against congressional oversight for $500 billion bailout fund

Treasury Secretary Steven Mnuchin and President Donald Trump attend briefing about the coronavirus outbreak in the press briefing room at the White House on March 17, 2020 in Washington, DC. The Trump administration is considering an $850 billion stimulus package to counter the economic fallout as the coronavirus spreads. Drew Angerer | Getty Images President […]

Congress is closing in on a deal

Congress is closing in on a deal

Democrats and Republicans are closing in on a massive stimulus package to combat the economic impact of the coronavirus. In perhaps the biggest signal that an agreement was close, House Speaker Nancy Pelosi, D-Calif., told CNBC on Tuesday morning that there is “real optimism” Congress can clinch a pact within a few hours. Senate Majority Leader […]

Dow down 300, Fed goes all-in, waiting on Congress

Dow down 300, Fed goes all-in, waiting on Congress

A trader works on the floor of the New York Stock Exchange in New York, the United States, March 18, 2020. Michael Nagle | Xinhua News Agency | Getty Images 10:45 am: Toy stock jumps after CEO says demand is strong Hasbro stock was soaring Monday morning after CEO Brian Goldner said the company was experiencing […]

US, Mexico restrict non-essential cross-border travel

US, Mexico restrict non-essential cross-border travel

The U.S. and Mexico have agreed to restrict all non-essential travel across their border, the Trump administration announced Friday. Members of the White House coronavirus task force also said that people who enter the country from Mexico and Canada without proper documentation will be immediately turned away from the United States’ borders. The announcement came two […]