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Trump Asks Supreme Court To Block Release Of His Tax Returns To Congress: 'This Case Will Affect Every Future President'
Monday, October 31, 2022 - 11:23pm | 428Former President Donald Trump has filed an emergency application, in front of the U.S. Supreme Court Chief Justice John Roberts, asking to block an appeals court order that paved the way for the House Ways and Means Committee to get years of his tax returns. What Happened: "This case raises...
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Steve Mnuchin Talks Economic Rebound, Federal Reserve
Friday, November 20, 2020 - 10:41am | 199U.S. Secretary of Treasury Steve Mnuchin On CNBC's "Squawk On The Street" discussed the economic rebound and steps the Federal Reserve and Congress need to approach. Here are some of the highlights: Mnuchin: People Are Missing Issue In Criticizing Decision On Fed It Was Clear That...
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8 Stock Catalysts For The Week Ahead
Sunday, June 28, 2020 - 2:31pm | 550The SPDR S&P 500 (NYSE: SPY) finished on a low note Friday after another turbulent week on Wall Street. Here are eight potential catalysts ahead this week that could move the markets. On Wednesday, Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin will testify in...
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Fed Chair Powell To Congress: US Economic Downturn 'Without Modern Precedent'
Tuesday, May 19, 2020 - 1:32pm | 626Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin testified in front of the Senate Banking, Housing and Urban Affairs Committee on Tuesday as part of what will be quarterly hearings on the CARES Act. The CARES Act has provided trillions of dollars in liquidity to...
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Boeing's 737 Max Crisis Could Impact US GDP Growth In 2020: Mnuchin
Monday, January 13, 2020 - 6:33am | 448Boeing Co.’s (NYSE: BA) 737 Max crisis is affecting the United States economy and could hold back this year’s GDP growth, Treasury Secretary Steve Mnuchin said in a weekend TV appearance. Mnuchin Projects 50-Basis Point Impact The delay of Boeing’s 737 MAX aircraft...
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US Treasury Declares China A Currency Manipulator
Monday, August 5, 2019 - 6:12pm | 188For the first time since the Clinton administration in 1994, the U.S. Treasury Department has declared China as a currency manipulator. “Secretary Mnuchin, under the auspices of President Trump, has today determined that China is a Currency Manipulator. As a result of this determination,...
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Mnuchin: Trade Talks With China Nearing Conclusion
Monday, April 29, 2019 - 2:20pm | 417Sino-American trade negotiations could soon come to an end, as talks with China are in the "final laps," U.S. Treasury Secretary Steve Mnuchin told The New York Times in an interview published Sunday. What Happened U.S trade negotiators and their Chinese counterparts have...
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State Of The Union Fallout For Trade War, Pharma And Infrastructure Stocks
Wednesday, February 6, 2019 - 12:20pm | 655President Donald Trump delivered his highly anticipated State of the Union address Tuesday night. While Trump didn’t drop any major bombshells in the speech, he did touch on several issues that could impact financial markets. Trade War U.S. investors were hoping for a positive update on trade...
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Democratic Senators Urge Recapitalization Of Fannie Mae And Freddie Mac
Thursday, September 14, 2017 - 2:31pm | 750Federal Home Loan Mortgage Corp (OTC: FMCC) and Federal National Mortgage Association (OTC: FNMA) shares caught fire Thursday, jumping more than 11 percent each after a new letter to Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency director Mel Watt demonstrated that Congress...
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Fannie And Freddie Investors Hope New Unsealed Court Documents Are The Smoking Gun They Need
Friday, July 28, 2017 - 10:58am | 770The latest chapter in the Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) drama unfolded this week after a new batch of government documents were released that investors believe provide evidence of the illegality of the Treasury’s “net...
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What Does The China Trade Deal Mean For Financial, Beef And Poultry Players?
Monday, May 22, 2017 - 10:28am | 2046After all the bravado about bringing China down to its knees, President Donald Trump seems to be warming to the idea of putting up with the Dragon nation in order to maintain global order. The telling proof for the changed stance came from the set of trade deals signed between the world's...
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Despite White House Turmoil, No One Pressing Pause On Tax Reform
Wednesday, May 17, 2017 - 2:47pm | 594Noting that the degree of overhaul depends on compromise between Republicans and Moderates on budgetary reconciliation instructions, Height Securities analyst Peter Cohn waged 85-percent odds that Congress will pass a major tax bill before 2018 midterm elections. The continued meetings of and...
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Senate's Glass-Steagall Act Revamp Is 'New' But Is It Improved?
Tuesday, April 11, 2017 - 2:32pm | 725A mutual feature of the Democratic and Republican campaign platforms inched closer to fruition Thursday as Sens. Elizabeth Warren, John McCain, Maria Cantwell and Angus King reintroduced the 21st Century Glass-Steagall Act. But the update of the original Glass-Steagall Act, also known as the...
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Analyst Sees Increased Odds Of A 'Scaled Back' Version Of Tax Reform By End Of 2018
Tuesday, March 7, 2017 - 4:32pm | 406A potential tax reform was the backbone behind the rally in stock prices since Donald Trump was elected president. Height Securities believes there is an 80 percent chance of Congress passing corporate tax reform before the 2018 elections. An Increase In Odds Analyst Andrew Parmentier raised his...
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The Price Action In Fannie, Freddie After Mnuchin's Capitol Hill Testimony, Explained
Thursday, January 19, 2017 - 2:48pm | 299Federal National Mortgage Assctn Fnni Me (OTC: FNMA) "Fannie Mae" and Federal Home Loan Mortgage Corp (OTC: FMCC) "Freddie Mac" shares fell about 10 percent in the wake of comments by former Goldman Sachs partner Steve Mnuchin during his Thursday confirmation hearing for the Treasury Secretary post...