What's next for Main Street, Wall Street as Fed lending programs are set to expire

Nov 20, 2020
Fed programs and policy have helped ease economic pain during the pandemic. In its dwindling days, the Trump administration will end some of those emergency programs Dec. 31.
Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin greet each other after testifying before Congress in June.
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Mnuchin rejects renewal of some Fed emergency loan programs

Nov 19, 2020
Mnuchin said that he is requesting that the Fed return to Treasury the unused funds appropriated by Congress for operation of the programs.
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Awash in red ink: U.S. posts record $3.1T 2020 budget deficit

Oct 16, 2020
The federal deficit for 2020 was three times the size of last year’s deficit. It was the government’s largest annual shortfall in dollar terms.
President Donald Trump listens as Treasury Secretary Steven Mnuchin speaks during a daily coronavirus press briefing in March.
Brendan Smialowski/AFP via Getty Images

Who benefited from America's housing bust?

Nov 15, 2019
Millions of Americans lost their homes during the foreclosure crisis. Investigative reporter Aaron Glantz wanted to know who got them.
A foreclosed townhouse in Centreville, Virginia, in 2009.
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Another partner abandons Facebook's cryptocurrency

Oct 14, 2019
Travel firm Booking Holdings has pulled out of the Libra Association as companies involved in the digital currency face increased regulation.
Fabrice Coffrini/AFP/Getty Images

Here are some reasons why China's currency is sinking

Oct 10, 2018
One U.S. dollar today is worth about 9.92 Chinese yuan. That’s down nearly 10 percent from where it was last spring. That drop has the attention of Treasury Secretary Steven Mnuchin, who said Wednesday he wants to make sure China is not doing “competitive devaluations.” That’s when a country seeks an advantage by making its […]
An employee counts 100-yuan notes at a bank in Nantong in China's eastern Jiangsu province on July 23, 2018.
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Mnuchin urges trading partners to drop “non-tariff barriers”

Jul 23, 2018
U.S. Treasury Secretary Steven Mnuchin says the U.S. is ready to negotiate with China, the EU, and Japan on trade. But at the conclusion of a G-20 finance leaders meeting in Argentina this weekend, Mnuchin said our trading partners would have to remove tariffs on U.S. goods — and get rid of “non-tariff barriers” on U.S. […]
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Could the U.S. be heading out of the WTO?

Jun 29, 2018
President Donald Trump is telling White House officials he wants to pull the U.S. out of the World Trade Organization, according to news website Axios. Treasury Secretary Steven Mnuchin later dismissed those reports as an “exaggeration.” Axios reported, citing an unnamed official, that the president had complained the WTO was designed by the rest of […]

Our Social Security system is in even worse shape than we think, according to one academic

Jun 6, 2018
An economics professor from Boston University says that a new report on Social Security and Medicare is hiding the truth.
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