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What's next for Main Street, Wall Street as Fed lending programs are set to expire
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.
Mnuchin rejects renewal of some Fed emergency loan programs
Mnuchin said that he is requesting that the Fed return to Treasury the unused funds appropriated by Congress for operation of the programs.
Awash in red ink: U.S. posts record $3.1T 2020 budget deficit
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.
Senators question Mnuchin, Powell on management of COVID-19 relief
Senators brought up issues they've seen with the government's small business loan program.
Who benefited from America's housing bust?
Millions of Americans lost their homes during the foreclosure crisis. Investigative reporter Aaron Glantz wanted to know who got them.
Another partner abandons Facebook's cryptocurrency
Travel firm Booking Holdings has pulled out of the Libra Association as companies involved in the digital currency face increased regulation.
Here are some reasons why China's currency is sinking
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 […]
Mnuchin urges trading partners to drop “non-tariff barriers”
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. […]
Could the U.S. be heading out of the WTO?
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
An economics professor from Boston University says that a new report on Social Security and Medicare is hiding the truth.