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Former Treasury Secretary Steven Mnuchin is planning an investment fund backed by Persian Gulf wealth funds, report says

Reuters Former Treasury Secretary Steven Mnuchin plans to launch an investment fund backed by sovereign wealth funds in the Persian Gulf, the Washington Post reported. The fund will invest in areas including financial technology and entertainment. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Former Treasury Secretary Steven Mnuchin is planning to launch an investment fund that will be backed by sovereign wealth funds in the Persian Gulf region and other investor...
Tags: Washington Post, Saudi Arabia, White House, Trends, Markets, US Treasury, Sovereign Wealth Fund, Persian Gulf, Mnuchin, Former Treasury, Steven Mnuchin, Treasury Secretary Steven Mnuchin, Goldman Sachs Read, Emily Graffeo, Mnuchin investment fund, Persian Gulf Sovereign Wealth Funds


"Tax Administration and Racial Justice: The Illegal Denial Of Tax Based Pandemic Relief To The Nation's Incarcerated"

The title of this post is the title of this notable and timely new article authored by Leslie Book now available via SSRN.  (Among other virtues, this piece provides yet another example of how all areas of law have something to do with sentencing and corrections.)  Here is its abstract: In the midst of a devastating pandemic that would sicken millions, kill hundreds of thousands, and cause widespread financial distress, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) ...
Tags: Law, Congress, Irs, Scholl, Leslie Book, Douglas A Berman, Mnuchin


A Brief Animated History Lesson on Harriet Tubman Speaks to Her Place on the $20 Bill

https://www.youtube.com/watch?v=Dv7YhVKFqbQ I was a conductor on the Underground Railroad, and I can say what many others cannot. I never ran my train off the track, and I never lost a passenger.  —Harriet Tubman Remember how one of the Obama administration’s final initiatives was to redesign the $20 bill, banishing Andrew Jackson, a slaveholder, to a minor role on the back of the bill, in favor of abolitionist Harriet Tubman, who was born into slavery? The announcement arrived on the he...
Tags: Google, Nbc, Obama, College, White House, US, Economics, History, Atlantic, Current Affairs, Treasury, Lincoln, The New York Times, Bill, Jackson, Biden


The Breathtaking Courage of Harriet Tubman: An Animated History Lesson Speaks to Her Place on the $20 Bill

https://www.youtube.com/watch?v=Dv7YhVKFqbQ I was a conductor on the Underground Railroad, and I can say what many others cannot. I never ran my train off the track, and I never lost a passenger.  —Harriet Tubman Remember how one of the Obama administration’s final initiatives was to redesign the $20 bill, banishing Andrew Jackson, a slaveholder, to a minor role on the back of the bill, in favor of abolitionist Harriet Tubman, who was born into slavery? The announcement arrived on the he...
Tags: Google, Nbc, Obama, College, White House, US, Economics, History, Atlantic, Current Affairs, Treasury, Lincoln, The New York Times, Bill, Jackson, Biden


Sitting on billions, Catholic dioceses collected $1.5 billion in COVID-19 taxpayer aid

When the coronavirus forced churches to close their doors and give up Sunday collections, the Roman Catholic Diocese of Charlotte turned to the federal government’s signature small business relief program for more than $8 million. The diocese’s headquarters, churches and schools landed the help even though they had roughly $100 million of their own cash and short-term investments available last spring, financial records show. When the cash catastrophe church leaders feared didn’t materialize,...
Tags: New York, News, Congress, Kentucky, Boston, Milwaukee, New York City, Church, Western, America, Los Angeles, Sport, Ap, Program, Chicago, Soccer


White House recommits to putting Tubman on $20 bill

By Donald Judd | CNN The Biden administration says it is “exploring ways to speed up” release of $20 bills featuring Harriet Tubman after the Trump administration delayed the move first initiated by President Barack Obama. “It’s important that our notes, our money — if people don’t know what a note is — reflect the history and diversity of our country, and Harriet Tubman’s image gracing the new $20 note would certainly reflect that,” White House press secretary Jen Psaki told reporters Monday. P...
Tags: Politics, News, White House, Barack Obama, Sport, Cnn, Soccer, New York Times, Treasury, Biden, Trump, Donald Judd, Harriet Tubman, Tubman, Jen Psaki, National News


Janet Yellen isn't likely to immediately revive the Fed's expired relief programs, report says

Treasury Secretary nominee Janet Yellen speaks during a Dec. 1, 2020, event in Wilmington, Delaware, to name President-elect Joe Biden’s economic team at the Queen Theater on December 1, 2020 in Wilmington, Delaware. Biden is nominating and appointing key positions to the Treasury Department, Office of Management and Budget, and the Council of Economic Advisers. Alex Wong/Getty Images Janet Yellen indicated to senators on Thursday that she won't immediately revive expired Fed lending progr...
Tags: Congress, Senate, US, Trends, Bloomberg, Joe Biden, Treasury, Janet Yellen, Biden, Goldman, The Treasury, Yellen, Fed, Wilmington Delaware, Wilmington, Jerome Powell


Biden freezes all federal regulatory proposals, including Mnuchin's controversial crypto wallet legislation, until his new administration can review them

Tom Brenner/Reuters Joe Biden halted all last-minute rules from Trump's administration, including those for cryptocurrency.Hours after Biden's inauguration ceremony, the order was circulated in a memo to all federal agencies.Controversial crypto regulations proposed by Steve Mnuchin on December 18 were met with criticism.Sign up here our daily newsletter, 10 Things Before the Opening Bell.President Joe Biden has frozen all federal regulatory proposals, including former Treasury Secretary S...
Tags: Trends, Joe Biden, Treasury, Janet Yellen, US Treasury, Biden, Trump, Winklevoss, Financial Crimes Enforcement Network, Mnuchin, Steve Mnuchin, Office of the Federal Register, Blockchain Association, Shalini Nagarajan, Tom Brenner Reuters Joe Biden, Ron Klaine


Yellen faces a new role: Salesperson for the nation’s economic policy

Treasury Secretary nominee Janet Yellen on Tuesday steps into a new role following more than a quarter-century in government: salesperson for economic policy after years of defending Federal Reserve thinking and actions. The Senate Finance Committee’s 10 a.m. hearing Tuesday is likely to feature topics from foreign-exchange policy to taxes, but it will also serve as the first congressional forum where lawmakers will vet President-elect Joe Biden’s $1.9 trillion Covid-19 relief plan. Yellen will ...
Tags: Business, News, Congress, White House, China, Sport, Joe Biden, Economy, Soccer, Democrats, Bill Clinton, Switzerland, Treasury, Janet Yellen, Vietnam, Republican


Bitcoin has enabled criminal money laundering and needs to be regulated at a global level, ECB president Lagarde says

Christine Lagarde, President of the European Central Bank, speaks to the media following a meeting of the ECB governing board Thomas Lohnes/Getty Images Bitcoin has enabled criminal money laundering and must be regulated at a global level, ECB President Christine Lagarde told Reuters in an interview on Wednesday. Bitcoin is a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity," Lagarde said."There has to...
Tags: Trends, European Central Bank, Joe Biden, Janet Yellen, Christine Lagarde, Ecb, Goldman, Lagarde, Reuters, Matthew Fox, Mnuchin, Steven Mnuchin, Reuters Sign, Thomas Lohnes Getty Images Bitcoin, However Treasury


TurboTax and H&R Block say they have fixed the issues that prevented $600 stimulus checks from being paid out

Protesters rally to demand economic relief during the coronavirus pandemic. Angela Weiss/AFP via Getty Images TurboTax and H&R Block said they'd fixed issues that were delaying $600 stimulus payments from the Internal Revenue Service. "We have been working tirelessly with the Treasury and IRS to get stimulus payments to our customers. We know how important these funds are for so many Americans and we regret that an IRS error caused a delay," a TurboTax spokesperson told Insider via email. ...
Tags: News, Congress, Trends, Treasury, Donald Trump, Stimulus, Irs, Internal Revenue Service, Turbotax, H R Block, Mnuchin, ANGELA WEISS, Kevin Shalvey, Weekend BI UK, Getty Images TurboTax


Justices grant review in 14 new cases but don’t act on hot-button issues

The Supreme Court took a big step on Friday night toward filling up its merits docket for the rest of the 2020-21 term, granting review in 14 new cases for a total of 12 hours of argument. The justices will weigh in on the First Amendment rights of students and charitable organizations, as well as sentencing reductions for inmates serving time for small amounts of crack cocaine. Perhaps just as notably, the justices did not act on several high-profile petitions that they considered at Friday’s c...
Tags: Twitter, Featured, Mississippi, Supreme Court, Law, Congress, Navy, California, Pennsylvania, United States, Boston Marathon, Nevada, Donald Trump, Terry, San Antonio, Dzhokhar Tsarnaev


Bitcoin advocates revolt against the Trump administration’s frantic crypto regulations

Leigh Cuen Contributor Share on Twitter Bitcoin fans across the country are rallying against a common enemy, the Treasury’s Financial Crimes Enforcement Network (FinCEN). US Treasury Secretary Steven Mnuchin, one of President Donald Trump’s closest associates, has been working overtime since Thanksgiving to push several crypto regulations through before the Biden administration takes over on January 20, 2021. FinCEN statements l...
Tags: TC, Column, Washington, Tech, Bitcoin, Treasury, Crypto, Fidelity, Biden, Donald Trump, Electronic Frontier Foundation, Trump, Yellen, MIT Media Lab, FinCEN, Square Square




Treasury Secretary Mnuchin intervened in NYSE's Chinese delisting saga: report

In a weird reversal, the New York Stock Exchange is reportedly reconsidering its decision to delist a basket of Chinese companies.
Tags: Treasury, New York Stock Exchange, Nyse, Mnuchin


Trump is a chaos agent in his final days between fighting with Congress, raising fears of war with Iran, and continuing his futile effort to overturn the election

US President Donald Trump. Photo by SAUL LOEB/AFP via Getty Images President Donald Trump has been a historically chaotic and destructive commander in chief, and he appears set on taking this to new levels in his final days. Trump has sparked a fight with Republicans in Congress over bigger COVID-19 stimulus checks and is dividing the party over his antidemocratic effort to overturn the election result. Trump's antics could cost the GOP its Senate majority. The president has also issued ne...
Tags: Facebook, Politics, News, Congress, Washington, Senate, White House, US, Trends, Georgia, Joe Biden, Iran, Getty Images, Analysis, Gop, Missouri


10 things you need to know before the opening bell

Xinhua/Wang Ying/Getty Images Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.Here's what you need to know before markets open.1. Global stocks rise after Mnuchin says $600 stimulus checks are set to arrive. See what markets are doing today.2. UK approves Oxford-AstraZeneca's COVID-19 vaccine. The country has ordered 100 million doses, enough for 50 million people.3. Snapchat will surge 45%, Goldman Sachs says. Here's why Goldman rei...
Tags: Elon Musk, UK, China, Global, US, Trends, Markets, Tesla, Snapchat, Oxford, Alibaba, Ubs, Goldman Sachs, Goldman, Energy Information Administration, Baillie Gifford


Global stocks rise after Mnuchin says $600 stimulus checks will begin arriving this week

Mario Tama/Getty Images Global stocks rose on Wednesday after Treasury Secretary Steven Mnuchin said US stimulus payments could begin arriving in people's bank accounts as early as Tuesday night.The $600 stimulus checks are considered meager, but could provide a boost to the US economy, which has been slammed by the COVID-19 pandemic."Risk sentiment remains buoyant, with vaccine roll-out hopes providing confidence despite growing COVID-19 case numbers," a chief market strategist said.Brita...
Tags: Hong Kong, Japan, UK, Senate, China, Germany, Global, US, Trends, Bank Of America, Bitcoin, Britain, Oxford, Treasury, Mitch McConnell, Astrazeneca


U.S. $600 stimulus payments may begin arriving as early as Tuesday night by direct deposit, Mnuchin says

U.S. Treasury Secretary Steven Mnuchin said today the $600 stimulus checks may begin arriving in Americans' bank accounts as soon as tonight. [email protected] has delivered a payment file to the @FederalReserve for Americans' Economic Impact Payments. These payments may begin to arrive in some accounts by direct deposit as early as tonight and will continue into next week (1/2)— Steven Mnuchin (@stevenmnuchin1) December 29, 2020 Reuters: Mnuchin tweeted that payments may begin to a...
Tags: Post, Business, News, US news, Reuters, U S Treasury, Mnuchin, Steven Mnuchin, Coronavirus, COVID-19, Stimulus Checks


Mnuchin: Some to start seeing $600 stimulus checks Tuesday night

Treasury Secretary Steven Mnuchin said Tuesday that distribution of $600 stimulus checks was about to begin, with some Americans seeing...
Tags: Treasury, Mnuchin, Steven Mnuchin


Stimulus money could start hitting accounts by tonight, Mnuchin says

The newly approved $600 stimulus checks could start being deposited in bank accounts as soon as Tuesday night, according to Treasury...
Tags: Mnuchin


$600 COVID-19 stimulus checks to hit bank accounts as soon as Tuesday night, Mnuchin says

U.S. Treasury Secretary Steven Mnuchin said some Americans could receive $600 COVID-19 stimulus checks as soon as Tuesday night as a...
Tags: U S Treasury, Mnuchin, Steven Mnuchin


Mnuchin: Stimulus checks could be arriving as early as Tuesday night

Mnuchin added that the Get My Payment tracking tool on the IRS website, which has been temporarily unavailable, will be accessible again...
Tags: Irs, Mnuchin


Americans could receive stimulus payments as early as tonight, Mnuchin says

Some Americans could receive a $600 COVID relief payment as early as Tuesday night, Treasury Secretary Steven Mnuchen said.
Tags: Treasury, Mnuchin, Steven Mnuchen


Live politics updates: Rubio goes after Fauci on Twitter; Trump signs COVID relief amid criticism for delay

Trump signs coronavirus stimulus bill amid bipartisan criticism; Rubio says Fauci "lied" and distorted; George Conway calls on Mnuchin to quit.         [Author: USA TODAY]
Tags: Usa, News, Usa Today, Trump, Rubio, Fauci, Mnuchin, George Conway


Live politics updates: Trump teases 'good news' on COVID relief bill; Rubio goes after Fauci on Twitter

Rubio says Fauci "lied" and distorted; George Conway calls on Mnuchin to quit; GOP Sen. Toomey and Rep. Kinzinger hit Trump on relief bill – updates.         [Author: USA TODAY]
Tags: Usa, News, Usa Today, Trump, Rubio, Fauci, Mnuchin, George Conway, Kinzinger, GOP Sen Toomey


Live politics updates: Marco Rubio faces Twitter backlash for attack on Dr. Anthony Fauci; George Conway says Steven Mnuchin should resign

Rubio says Fauci "lied" and distorted; George Conway calls on Mnuchin to quit; GOP Sen. Toomey and Rep. Kinzinger hit Trump on relief bill – updates.         [Author: USA TODAY]
Tags: Usa, News, Marco Rubio, Usa Today, Anthony Fauci, Trump, Rubio, Fauci, Mnuchin, Steven Mnuchin, George Conway, Kinzinger, GOP Sen Toomey


Foreign hackers didn't get into IRS database, but Treasury faces serious breach

There's some bad and not-so-bad news when it comes to the recently discovered hacking of the Treasury Department. Since we're still in god-awful 2020, let's start with the bad news. The hackers, believed by most security experts and many government officials to be Russian, were able to burrow deeply into the U.S. Treasury's computer operations, breaking into systems that are used by the department's highest-ranking officials. The better news is that the Internal Revenue Service, the largest div...
Tags: Amazon, Taxes, Oregon, Russia, Iowa, Treasury, National Institutes of Health, Homeland Security, Pentagon, Wyden, Irs, Cnbc, Don, U S Treasury, Senate Finance Committee, Internal Revenue Service


Trump just blew up the stimulus and spending bill. What happens now?

President Donald Trump. Erin Schaff - Pool/Getty Images President Donald Trump threw a wrench into the otherwise settled stimulus package already passed by both chambers of Congress when he tweeted out a 4-minute video on Tuesday night. Trump was expected to sign the more than $2 trillion bill, which was negotiated on his behalf by Treasury Secretary Steve Mnuchin. Yet after Mnuchin assured Congress that Trump would sign it, Trump implicitly threatened a veto in his video, where he appeare...
Tags: Florida, Politics, Congress, Senate, White House, Trends, Joe Biden, Gop, House, Chuck Grassley, Treasury, Mitch McConnell, Nancy Pelosi, Donald Trump, Stimulus, Trump


Trump is holding up the COVID-19 stimulus package with demands for $2,000 checks - but there are enough votes in Congress to override a veto

President Donald Trump. Al Drago/Getty Images On Monday, Congress passed a $900 billion COVID-19 relief package, which included a $600 stimulus check to most Americans. But on Tuesday, Trump called the package a "disgrace" and called on lawmakers to increase the direct payments to $2,000. Though it is not clear if Trump would veto the package, as president, he has the power to do so. However, the House and Senate's bipartisan support for the package when they passed it on Monday night was ...
Tags: Politics, Congress, Senate, Trends, House, News UK, Treasury, Mitch McConnell, Donald Trump, Cnbc, Trump, Donald J Trump, Mnuchin, Steven Mnuchin, Steve Mnuchin, Coronavirus



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