Economy

Mnuchin denies trying to limit Biden's economic options

14 days ago   |   By Stl Today

WASHINGTON - Treasury Secretary Steven Mnuchin denied on Friday that he is attempting to limit President-elect Joe Biden's options for reviving the pandemic-damaged economy by ending several emergency loan programs being run by the Federal Reserve.
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Mnuchin denies trying to hinder incoming administration

Mnuchin denies trying to hinder incoming administration

15 days ago   |   By Finance Commerce

Treasury Secretary Steven Mnuchin denied that he is attempting to limit the choices President-elect Joe Biden will have to promote an economic recovery by ending several emergency loan programs being run by the Federal Reserve.
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US stocks slide amid dispute over Fed funds and spiking COVID-19 cases

15 days ago   |   By Business Insider

Bryan R Smith/Reuters
US stocks fell on Friday as conflict over the use of Federal Reserve funds offset positive developments for vaccine distribution. Treasury Secretary Steven Mnuchin urged the Fed on Thursday to return funds set aside for emergency lending , setting up several relief programs for year-end expiration. The move marked a rare bout of disagreement, as the Fed replied with a call to extend "the full suite of emergency facilities" past their upcoming deadlines. Pfizer and BioNTech both gained after applying for emergency-use authorization for their experimental coronavirus...
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Fed, Treasury Department Split On When To Cut Off Pandemic Loan Programs

15 days ago   |   By NPR

Treasury Secretary Steve Mnuchin wants to let the emergency loan programs expire at the end of the year. Federal Reserve Chair Jerome Powell says that's too soon.
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The Latest: National Guard helps at Idaho urgent-care clinic

The Latest: National Guard helps at Idaho urgent-care clinic

BOISE, Idaho - National Guard troops are directing people outside a Boise urgent-care clinic revamped into a facility for coronavirus patients. Read more ...

Historian groups sue White House over fears the Trump administration will...

Historian groups sue White House over fears the Trump administration will destroy records before leaving office

Summary List Placement Several groups focused on preserving historical records are suing some members of President Donald Trump's administration, hoping their legal effort will... Read more ...

The Latest: US reaches daily high of nearly 228,000 cases

The Latest: US reaches daily high of nearly 228,000 cases

WASHINGTON - Coronavirus infections continue to spread at record levels in the United States, reaching a new daily high of nearly 228,000 cases on Friday. Read more ...

Steve Nicks sold the copyrights to some of her most popular songs in a deal...

Steve Nicks sold the copyrights to some of her most popular songs in a deal reportedly valued at $100 million

Summary List Placement Stevie Nicks sold the majority stake in her song catalog to music publisher Primary Wave last month, the company said in a news release on Friday. In the... Read more ...

Restaurants are ditching holiday parties for virtual cooking classes as they...

Restaurants are ditching holiday parties for virtual cooking classes as they fight to stay afloat during the holiday season in this pandemic

Summary List Placement The hospitality industry has been hit hard by the novel coronavirus pandemic, with many restaurants closing throughout the US. But some restaurants have... Read more ...

New Jersey officials shut down a restaurant that hosted a mask-free New York...

New Jersey officials shut down a restaurant that hosted a mask-free New York Young Republicans gala

Summary List Placement New York and New Jersey officials are disturbed that a Republican club on Thursday hosted a gala with 150 mask-less people in attendance, including... Read more ...

Jeff Bezos says Blue Origin's rocket engine is going to land the first woman...

Jeff Bezos says Blue Origin's rocket engine is going to land the first woman on the moon, after successful test

Summary List Placement Blue Origin, the spaceflight company founded by Amazon CEO Jeff Bezos, revealed that its lunar-landing engine, the BE-7, passed its fourth test... Read more ...

There's light at the end of the COVID tunnel, I just don't see it yet

There's light at the end of the COVID tunnel, I just don't see it yet

Summary List Placement The COVID vaccine is coming. Trump will soon be out of the White House. Normalcy, in the shallowest sense possible, is on the horizon. The state of... Read more ...

A Google and Microsoft alum who raised $140 million to take on Microsoft...

A Google and Microsoft alum who raised $140 million to take on Microsoft Office explains why productivity is one of the most attractive 'jokes' in Silicon Valley

Summary List Placement It was a red-letter year for software companies that help people get work done. As the pandemic forced businesses to shutter their offices, they reached... Read more ...

Kamala Harris is staffing up with veteran Washington insiders in advance of...

Kamala Harris is staffing up with veteran Washington insiders in advance of being sworn in as the country's first woman vice president. Meet her first White House hires

Summary List Placement Kamala Harris has already announced five hires to her historic staff as she prepares to be sworn in as the first woman to serve as the vice president of... Read more ...