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

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

Former U.S. Treasury Secretary Jacob Lew warns of economic power misuse

Oct 16, 2018
"Everyone understands that there's a price you pay when you use military force. Well, there's a price you pay when you use economic force as well."
Former U.S. Treasury Secretary Jacob Lew in October 2016.
Mark Makela/Getty Images

Former U.S. Treasury Secretary Jacob Lew warns of economic power misuse

Oct 16, 2018
"Everyone understands that there's a price you pay when you use military force. Well, there's a price you pay when you use economic force as well."
Former U.S. Treasury Secretary Jacob Lew in October 2016.
Mark Makela/Getty Images

America's tense meeting with other top economies

Mar 20, 2017
The U.S. resists anti-protectionism agreement.
Participants in the G20 Finance Ministers and Central Bank Governors Meeting pose for a photo in Baden-Baden in southern Germany on Friday.
THOMAS KIENZLE/AFP/Getty Images

What would a Treasury Secretary Mnuchin mean for the U.S. economy?

Feb 13, 2017
Today, the Senate is scheduled to vote on President Donald Trump’s nominee for Treasury secretary, former Goldman Sachs executive Steven Mnuchin. It looks like he’ll make it through the vote and be the Treasury secretary before the day is done.…

How Steven Mnuchin would deal with a financial crisis

Nov 30, 2016
Trump has nominated the investment banker and Hollywood producer as the next Treasury secretary.
Steven Mnuchin leaving the Trump Tower in New York on Nov. 14.
KENA BETANCUR/AFP/Getty Images

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Is this man our next Treasury secretary?

Aug 31, 2016
Steven Mnuchin is a Wall Street financier and Donald Trump's national campaign finance manager.
Steve Mnuchin speaks onstage at City Harvest: An Event Of Practical Magic on April 24, 2014 in New York City. 

 
Andrew H. Walker/Getty Images for City Harvest

Jack Lew's morale-boosting trip to Puerto Rico

Jan 18, 2016
There's not much more the Obama administration can do to solve the debt crisis.

Weekly Wrap: Who's feeling those sanctions

Apr 25, 2014
Kai Ryssdal talks with Catherine Rampell of the Washington Post and Sudeep Reddy of the Wall Street Journal.