Posts filtered by tags: Treasury[x]


 

Report: Medicare And Social Security Are Heading Toward Insolvency

WASHINGTON (AP) — The financial condition of the government’s bedrock retirement programs for middle- and working-class Americans remains shaky, with Medicare pointed toward insolvency by 2026, according to a report Monday by the government’s overseers of Medicare and Social Security. It paints a sobering picture of the programs, though it’s relatively unchanged from last year’s update. Social Security would become insolvent in 2035, one year later than previously estimated. Both programs will...
Tags: News, Congress, Washington, Ap, Social Security, Treasury, Medicare, Capitol Hill, Donald Trump, Cabinet, Trump, Steven Mnuchin, Summer Concepcion, AP story


Former Sears company sues ex-CEO Lampert, Treasury's Steven Mnuchin over 'asset stripping'

The company that owned Sears and Kmart has sued its ex-CEO Eddie Lampert and Treasury Secretary Steven Mnuchin over accusations of "asset stripping."
Tags: News, Treasury, Kmart, Sears, Eddie Lampert, Steven Mnuchin, Lampert Treasury


Bernanke, Geithner And Paulson On Lessons Learned From 2008 Financial Crisis

Steve Inskeep talks to former Fed Chairman Ben Bernanke, former Treasury Secretary Henry Paulson and former President of the Federal Reserve Bank of New York Timothy Geithner about the economy.
Tags: News, Treasury, Fed, Ben Bernanke, Steve Inskeep, Paulson, Henry Paulson, Bernanke Geithner, Federal Reserve Bank of New York Timothy Geithner


Good, bad & unbelievable reasons for not filing your taxes

You didn't file your taxes by the April deadline but you had a really good reason. Or did you? Excuses people make for not filing their taxes are right up there with rationalizations for claiming weird deductions. Both are creative exercises par excellence. And both will get you in bit trouble with the Internal Revenue Service. What won't fly: The Internal Revenue Code as we know it has been around since 1913. That means that for more than a century, Uncle Sam has heard just about every excuse f...
Tags: Taxes, Treasury, Sam, Irs, Turbotax, The IRS, Timothy Geithner


Sears Sues Lampert for Looting the Retailer – Craftsman, Kenmore & Diehard

The remnants of the once iconic Sears is suing former Chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it declared bankrupt. The lawsuit, made public on Thursday, followed the Lampert’s $5.2 billion purchase in February of most Sears assets, including private brands DieHard and Kenmore in a bankruptcy auction. “Had defendants not taken these improper an...
Tags: Featured, Treasury, Sears, Branding, Lowe, Land 's End, Stanley Black Decker, Ernst Young, Kenmore, Duff Phelps, Eddie Lampert, Lampert, Big Box, Kenmore Craftsman, Steven Mnuchin, KCD


Former Sears company sues ex-CEO Lampert, Treasury's Steven Mnuchin over 'asset stripping'

The company that owned Sears and Kmart has sued its ex-CEO Eddie Lampert and Treasury Secretary Steven Mnuchin over accusations of "asset stripping."            [Author: USA TODAY]
Tags: Usa, News, Treasury, Kmart, Usa Today, Sears, Eddie Lampert, Steven Mnuchin, Lampert Treasury


Sears sues Lampert, claiming he looted assets and drove it into bankruptcy

Sears Holdings Corp sued longtime former chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it went bankrupt.
Tags: Money, businessNews, Treasury, Sears, Sears Holdings Corp, Eddie Lampert, Lampert, Steven Mnuchin, ESL Investments


UPDATE 2-Sears sues Lampert, claiming he looted assets and drove it into bankruptcy

Sears Holdings Corp sued longtime former Chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it went bankrupt. The lawsuit, made public on Thursday, was filed by the restructuring team winding down Sears' bankruptcy estate and suing on behalf of creditors, many of whom blame Lampert for the retailer's downfall. The complaint seeks the repayment of "billi...
Tags: News, Treasury, Sears, Sears Holdings Corp, Eddie Lampert, Lampert, Steven Mnuchin, ESL Investments


UPDATE 1-Sears sues Lampert, claiming he looted assets and drove it into bankruptcy

Sears Holdings Corp sued longtime former chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it went bankrupt. The lawsuit, made public on Thursday, was filed by the restructuring team winding down Sears' bankruptcy estate and suing on behalf of creditors, many of whom blame Lampert for the retailer's downfall. The complaint seeks the repayment of "billi...
Tags: News, Treasury, Sears, Sears Holdings Corp, Eddie Lampert, Lampert, Steven Mnuchin, ESL Investments


Sears sues Lampert, claiming he looted company and drove it into bankruptcy

Sears Holdings Corp sued longtime Chairman Eddie Lampert, his hedge fund ESL Investments, and former directors including Treasury Secretary Steven Mnuchin, accusing them of allowing the retailer to be looted of billions of dollars before its October 2018 bankruptcy. The lawsuit, made public on Thursday, was filed by the restructuring team winding down what remains of the pre-bankruptcy Sears following Lampert's $5.2 billion purchase in February of most of its assets. Sears accused Lampert of o...
Tags: News, Treasury, Sears, Sears Holdings Corp, Eddie Lampert, Lampert, Steven Mnuchin, ESL Investments


Japan's Aso to travel to U.S. on April 25 for meeting with Mnuchin: source

Japanese Finance Minister Taro Aso will travel to the United States on April 25 to meet Treasury Secretary Steven Mnuchin on the sidelines of a summit between Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump, a source said on Thursday.
Tags: Japan, Money, businessNews, United States, Shinzo Abe, Treasury, Donald Trump, Aso, Taro Aso, Mnuchin, Steven Mnuchin


Japan's Aso to travel to U.S. April 25 for meeting with Mnuchin: source

Japanese Finance Minister Taro Aso will travel to the United States on April 25 to meet with Treasury Secretary Steven Mnuchin on the sidelines of a summit between Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump, a source said on Thursday.
Tags: Japan, Money, businessNews, United States, Shinzo Abe, Treasury, Donald Trump, Aso, Taro Aso, Mnuchin, Steven Mnuchin


Opportunity Zone rules seek more capital in distressed areas

The Trump administration Wednesday released rules for a tax break designed to encourage economic development in distressed areas throughout the U.S. by making it easier to invest in businesses and real estate in low-income communities. Wall Street banks, private equity firms, real estate developers and others have been eagerly awaiting the regulations, which the administration said will spur $100 billion of investment into the more than 8,700 areas designated as “opportunity zones” in the 2017 f...
Tags: Business, Real Estate, New York, Congress, Housing, Government, White House, Sport, Soccer, Brooklyn, New Jersey, Treasury, Portland Oregon, Donald Trump, South Carolina, Irs


Federal election 2019: Coalition's tax plan in spotlight – politics live

As campaign’s first week draws to a close, the parties continue to slog it out over the economy and climate plans. All the day’s events, live 10.40pm BST Paul Karp has had a look at the Australian Institute modelling which was mentioned by Patricia Karvelas on ABC TV yesterday. The think tank believes $77bn of the Coalition’s tax cuts would go to those earning more than $200,000.Under the plan in the 2019 budget, those earning more than $41,000 will receive a tax cut in 2022 and by 2024 eve...
Tags: Tax, Australia news, Coalition, Australian politics, Treasury, Bill Shorten, Labor party, Liberal party, Scott Morrison, Australian economy, Paul Karp, Patricia Karvelas, ABC TV, Australian Institute, Tim Storer, Australian election 2019


Monica Crowley, a Fox News Fixture, Is Said to Get a Top Treasury Job

The choice of Ms. Crowley for the Treasury’s top communications role comes about two years after she withdrew as a candidate for other administration jobs in the face of plagiarism accusations.
Tags: News, Plagiarism, Treasury, Fox News Channel, Trump, Crowley, Tony, Monica, Treasury Department, Monica Crowley, Appointments and Executive Changes, United States Politics and Government, Donald J, Sayegh, Mnuchin, Steven T


Trump news: Ivanka 'turned down' World Bank job offer, as Fox News contributor 'in line' for top Treasury job

Donald Trump and his staff in the White House are preparing for the imminent release of the Mueller report, which has reportedly led to "breakdown-level" anxiety in the West Wing.That waiting game comes as Mr Trump has doubled down on his demand for better border security, and follows after attorney general William Barr announced new US policy that asylum seekers who cross illegally between ports of entry would no longer have the right to ask a judge to grant them bond for release.Under the new ...
Tags: News, White House, US, America, Treasury, World Bank, Fox News, Donald Trump, Justice Department, Trump, Bernie, Ivanka, Barr, Bernie Sanders Trump, Mr Trump, Pete Buttigieg


Conservative commentator Monica Crowley in talks to join Treasury

Former Fox News commentator Monica Crowley is in talks to become the top spokeswoman for Treasury Secretary Steven Mnuchin, two sources told CNN.
Tags: Cnn, Treasury, Fox News, Monica Crowley, Steven Mnuchin


Stocks Rise Amid Disparate Earnings; Bonds Retreat: Markets Wrap

The 10-year Treasury yield reached its highest level since the March Federal Reserve meeting. Apple Inc. was flat and Qualcomm Inc. surged after the two dropped litigation against each other. Netflix Inc. ended the regular session higher, but slid in late trading after a key metric missed estimates.
Tags: Science, Treasury, Apple Inc, Netflix Inc, Qualcomm Inc, March Federal Reserve


Stocks Mixed on Disparate Earnings; Bonds Retreat: Markets Wrap

The 10-year Treasury yield reached its highest level since the March Federal Reserve meeting. The S&P 500 erased gains to trade at session lows, while technology shares pared an advance that had the Nasdaq 100 on track for a record after news that Apple Inc. and Qualcomm Inc. dropped litigation. Financial firms paced gains after BlackRock Inc.’s results offset weakness at Bank of America Corp. UnitedHealth Group Inc. tumbled on renewed concern that future health-care policy will harm its busin...
Tags: Science, Treasury, Apple Inc, Johnson Johnson, Qualcomm Inc, BlackRock Inc, March Federal Reserve, Bank of America Corp UnitedHealth Group Inc


Business briefly: S&P 500 falls to rare loss; Best Buy taps its first female CEO

U.S. stock indexes edged lower on Monday, pulled down by sinking bank stocks, and the S&P 500 fell for just the third time in the last three weeks. Goldman Sachs recorded one of the largest losses in the S&P 500 after describing a “muted start to the year,” even though its earnings for the first quarter still beat analysts’ expectations. Citigroup also slipped following its earnings report, as banks lead off a quarterly reporting season that analysts expect to be the weakest in nearly three year...
Tags: Business, Disney, Sport, Best Buy, Fox, Soccer, Comcast, Citigroup, Treasury, Goldman Sachs, Waste Management, Hulu, Barry, Walt Disney Co, AT T, Comcast Corp


Mnuchin says Fed independence is important globally

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Monday that the Federal Reserve’s independence is important globally, while refusing to comment on President Donald Trump’s latest attack on the Fed. Mnuchin was asked about Trump’s tweet Sunday that if the Fed had done its job properly, the stock market would be 5,000 to 10,000 points […]
Tags: Business, News, Washington, Ap, Nation, Treasury, Federal Reserve, Donald Trump, Trump, Fed, Mnuchin, Steven Mnuchin


Trump Lawyer Invokes Civil Rights Struggle to Keep Tax Returns Secret

Nicholas Kamm/GettyIn a letter to the Treasury Department on Monday, Donald Trump’s attorney compared the pursuit of Democratic lawmakers gunning for the president’s long-hidden tax returns to the government targeting civil-rights leaders during the height of segregation. “Congress’s motives do matter under the Constitution. Take the Constitution’s ban on intentional racial discrimination, for example. What if, during the height of the civil-rights movement, the Democrat-controlled House tried t...
Tags: News, Congress, House, Treasury, Donald Trump, The Daily Beast, Irs, Trump, Democratic, Treasury Department, Jay Sekulow, Neal, House Ways and Means Committee, Nicholas Kamm, Steven Mnuchin, Richard Neal D MA


Dems Signal They’re Ready For Legal Battle As Treasury Stalls On Trump Taxes

As the Treasury Department continues to stall on a request for Trump’s tax returns from the House Ways and Means Committee, House Democrats on Monday laid out their likely path forward for gaining access to the documents. Rep. Judy Chu (D-CA) told reporters on a press call that if the IRS does not comply with Ways and Means Committee Chair Richard Neal (D-MA)’s request for Trump’s tax info, he “would likely issue a subpoena.” Should that be refused, “a legal battle would begin to assert Congr...
Tags: News, Congress, House, Treasury, Republican, Irs, Trump, Treasury Department, Chu, House Ways and Means, Neal, Ways and Means, Ways and Means Committee, Richard Neal, Steve Mnuchin, Bill Pascrell D NJ


Another day, another U.S. company forced to divest of Chinese investors

Jeff Farrah Contributor Share on Twitter Jeff Farrah is the general counsel of the National Venture Capital Association. More posts by this contributor US rule changes could mean more startups would need government approval to hire immigrants Foreign investment scrutiny continues to creep into the startup world via a once obscure U.S. government agency that has new tools and a shift in focus that stan...
Tags: Column, Real Estate, Technology, Money, Congress, Entrepreneurship, Finance, China, US, Tech, Economy, Canada, United States, Chile, Venture Capital, Treasury


Another day, another US company forced to divest of Chinese investors

Jeff Farrah Contributor Share on Twitter Jeff Farrah is the general counsel of the National Venture Capital Association. More posts by this contributor US rule changes could mean more startups would need government approval to hire immigrants Foreign investment scrutiny continues to creep into the startup world via a once obscure U.S. government agency that has new tools and a shift in focus that stan...
Tags: Column, Real Estate, Technology, Money, Congress, Entrepreneurship, Finance, China, US, Tech, Economy, Canada, United States, Chile, Venture Capital, Treasury


Steven Mnuchin: The Tax Cuts and Jobs Act is working

Treasury Secretary Steven Mnuchin writes that the American economy is stronger today than it was before the Tax Cuts and Jobs Act. President Trump's economic program is leading to more jobs and higher wages for hardworking Americans, Mnuchin writes.
Tags: Cnn, Treasury, Trump, Mnuchin, Steven Mnuchin


Steve's Plan For Tax Reform

1. Gather up all of the members of the United States House and Senate. 2. Put them in one large room and lock the doors. 3. Give each "guest" a paper copy of the United States Tax Code, a pencil and plenty of paper. No computers allowed! 4. NOBODY gets to leave the room until EVERY Representative and Senator has completed their own tax returns and PAID their taxes. (Also works for the Secretary of the Treasury) 5. If any member finishes early, he or she may assist another member. Remember, NOBOD...
Tags: Congress, Senate, United States, Humor, Treasury, Steve, United States House


Congress Isn’t ‘Smart Enough’: WH Implies Trump May Order IRS To Withhold Tax Docs

White House press secretary Sarah Huckabee Sanders gave no assurance Sunday that President Donald Trump would stay out of the ongoing battle between the IRS and Democrats in Congress over access to Trump’s tax returns. Sanders also jabbed at members of Congress, saying they weren’t “smart enough” to analyze the returns. Democrats and Treasury Secretary Steve Mnuchin — who’s made official statements on IRS Commissioner Chuck Rettig’s behalf — have gone back and forth for weeks over the lawmake...
Tags: News, Congress, White House, Treasury, Donald Trump, Irs, Chris, Trump, Sanders, Wallace, Chris Wallace, Fox News Sunday, The IRS, House Ways and Means Committee, Richard Neal, Sarah Huckabee Sanders


Democrats demand Trump tax returns by April 23

Democratic lawmakers on Saturday gave the Internal Revenue Service a final deadline of April 23 to hand over President Donald Trump's tax returns, which Treasury Secretary Steven Mnuchin said the administration was diligently considering. On Wednesday, Mnuchin said the Treasury was handling the request and that a deadline set for that date would be missed, citing possible constitutional issues raised by the Democratic request.
Tags: News, Treasury, Donald Trump, Internal Revenue Service, Mnuchin, Steven Mnuchin


US seeks $10 bn trade finance fund for Venezuela: Mnuchin

The United States is working with a group of countries to build a $10 billion fund to help Venezuela rebuild trade once a new government is in place, Treasury Secretary Steven Mnuchin said Saturday. The United States has joined dozens of other countries in recognizing Venezuelan opposition leader Juan Guaido as interim president but embattled President Nicolas Maduro remains in power. Mnuchin said that, during the spring meetings of the International Monetary Fund and World Bank, officials had...
Tags: News, US, United States, Treasury, Venezuela, Nicolás Maduro, Caribbean, Mnuchin, International Monetary Fund and World Bank, Steven Mnuchin, Juan Guaido