Treasury Secretary Steven Mnuchin prepares to deliver remarks on the coronavirus relief package after the Senate Republican Policy luncheon in Russell Building on Tuesday, March 17, 2020. Tom Williams | CQ-Roll Call | Getty Images The IRS is extending the federal income tax filing deadline to July 15 as part of a growing effort to […]
Tag: Steven Mnuchin
Trump’s argument for reelection is collapsing
President Donald Trump speaks at a Make America Great Again rally at the Civic Center in Charleston, West Virginia. Leah Millis | Reuters WASHINGTON — Looking back now, the night of Feb. 4 was probably the pinnacle of Donald Trump’s presidency. A few minutes past 9 p.m. ET, Trump entered the ornate House Chamber and then […]
Stocks swing wildly as Wall Street struggles for direction after Dow’s third-worst day ever
Stocks swung wildly Tuesday as Wall Street struggled to to recover from its worst day in more than 30 years despite signs of potential further stimulus and progress on a possible treatment for the coronavirus. The S&P 500 was up 1.7% after briefly trading lower on the day. The Nasdaq Composite gained 1.2%. It was also down earlier in […]
NY tri-state area imposes new restrictions, Workday to give workers cash
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 169,387, according to Johns Hopkins University. Global deaths: At least 6,513, according to Johns Hopkins University. US cases: At least […]
Senate has yet to receive final draft of coronavirus relief bill passed by the House
Senate Majority Leader Mitch McConnell (R-KY) speaks to reporters following the Senate Republican policy luncheon which both President Donald Trump and Vice President Mike Pence attended on March 10, 2020 in Washington, DC. Samuel Corum | Getty Images Senate Majority Leader Mitch McConnell said he has yet to receive a final draft of the coronavirus relief […]
White House signals third relief bill to help airline and cruise industries hit by coronavirus pandemic
Trump administration officials on Saturday made the clearest indication yet they expect to bring forward a third coronavirus bill aimed in part at helping industries struck by the pandemic. President Donald Trump signed an $8.3 billion relief bill earlier this month, helping states fund their efforts to battle and contain the virus. The House passed […]
Trump gives people with student loans a break amid coronavirus
President Donald Trump said Friday that he would waive the interest on all federal student loans amid the coronavirus outbreak, meaning borrowers could pause their payments without any penalties. The measure is part of a larger strategy to mitigate the economic consequences of the pandemic which has so far infected more than 130,000 people and killed […]
The Masters is postponed, Buffett moves shareholder meeting online
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 135,000, according to data compiled by Johns Hopkins University. Global deaths: At least 4,977, according to data compiled by Johns […]
G-7 coronavirus statement promises action as needed
Officials of most of the world’s largest economies pledged on Tuesday a united front in the battle against the novel coronavirus scare but offered no specific actions. “Given the potential impacts of COVID-19 on global growth, we reaffirm our commitment to use all appropriate policy tools to achieve strong, sustainable growth and safeguard against downside […]
Billionaire Mike Bloomberg calls for $5 trillion tax plan
2020 Democratic presidential hopeful and former New York Mayor Michael Bloomberg speaks during an event to open a campaign office at Eastern Market in Detroit, Michigan, on December 21, 2019. Jeff Kowalsky | AFP | Getty Images Billionaire Democratic candidate Mike Bloomberg unveiled a tax plan on Saturday that would unwind corporate tax breaks granted […]