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Tag Archives: Mnuchin

Loan period for small businesses puts test for Mnuchin

WASHINGTON – When major corporations like Shake Shack and the Los Angeles Lakers basketball franchise took out multi-million dollar emergency loans for small businesses, Treasury Secretary Steven Mnuchin described the borrowing as “outrageous,” tightening eligibility and threatening to criminalize businesses to be held responsible if you did not return the money. In the past month, large companies have continued to …

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Axl Rose vs. Steven Mnuchin: The Strangest Twitter Feud of 2020

Axl Rose was just arms and not roses on Twitter Wednesday night when he discussed finance minister Steven Mnuchin on how the Trump administration dealt with the coronavirus crisis. Yes, you read that correctly. Guns N ‘Roses frontman, a vocal critic of President Trump, threw the first punch on Wednesday. to tweet his disgust for the current administration by describing …

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Stimulus checks sent to dead people should be returned, Mnuchin says

If you’ve received a stimulus check for a deceased relative, think twice before spending that money. Treasury Secretary Steve Mnuchin told the Wall Street Journal that he expects families who receive these checks to return the money. “You shouldn’t keep this payment,” Mnuchin told the newspaper. “We’re checking the databases, but there could be a scenario where we missed something, …

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Small business loans over $ 2 million are fully reviewed: Mnuchin

Treasury Secretary Steven Mnuchin speaks during the daily briefing on the novel coronavirus COVID-19 on April 2, 2020 in the Brady Briefing Room at the White House in Washington, DC. Almond Ngan | AFP | Getty Images Treasury Secretary Steven Mnuchin told CNBC on Tuesday that the government would review any company that takes more than $ 2 million out …

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Republicans get angry when Mnuchin negotiates with Democrats to overcome the financial crisis

WASHINGTON – Treasury Secretary Steven Mnuchin and top Democrats negotiated on Friday to overcome a dead end in replenishing an economic stimulus program designed to help small businesses survive the coronavirus pandemic, though some Republicans privately feared that Mnuchin was in his Zeal would allow too much to be a critical aid initiative. The top Republicans had steadfastly refused to …

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Mnuchin is stretching his muscles with airline grants – a taste of what other companies are seeing

A pilot walks past United Airlines aircraft parked outside the gates of San Francisco International Airport on April 12, 2020 in San Francisco, California. Justin Sullivan | Getty Images The Treasury Department sends a message to large corporations that are considering state aid to survive the coronavirus pandemic: no free travel. Negotiations between airlines and the payroll department took longer …

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The Treasury Department’s Mnuchin is targeting an additional $ 250 billion to replenish the coronavirus program for small businesses

The Small Business Administration initiative, known as the Paycheck Protection Program, was launched under the $ 2 trillion coronavirus rescue law passed late last month. It started on Friday and enables companies with fewer than 500 employees to apply for bank loans to offset the recent disruption to the coronavirus pandemic. Since the start of the program, banks and the …

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Mnuchin says he has ongoing discussions about the infrastructure

Treasury Secretary Steven Mnuchin told CNBC Wednesday he was speaking to Congress about a potential infrastructure law that would help boost the coronavirus-infested economy. “As you know, the President was very interested in infrastructure. This goes back to the campaign: The President is determined to rebuild the country,” Mnuchin told CNBC’s David Faber. “And it’s very important to him when …

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Mnuchin determines when the Americans can expect to see their coronavirus bailouts reviewed

Receive the latest news about coronavirus and more in your inbox every day. Sign in here. Treasury Secretary Steven Mnuchin said in a Sunday morning interview that qualified Americans can expect their $ 1,200 checks to be deposited into their accounts “within three weeks”. PROGRAMMING WARNING: PRESIDENT TRUMP TO APPEAR AT 8 AM ET ON “FOX & FRIENDS” https://www.foxnews.com/shows/fox-and-friends Mnuchin, …

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