Ex-Mexico treasury chief rejects 2nd set of accusations

Mexico’s former treasury and foreign relations secretary Luis Videgaray, angrily denied accusations Tuesday by a lawyer for another former Cabinet secretary who claimed he used embezzled government money to help finance election campaigns. The accusations by a lawyer for ex-social development secretary Rosario Robles mark the second time that former top officials have lodged such…Continue Reading

Treasury Secretary Mnuchin wants to redirect $580 billion of unspent stimulus money to prop up small businesses and extend unemployment benefits

Treasury Secretary Steven Mnuchin wants to funnel unspent stimulus money into the American economy, he said on Thursday evening. “I hope that Congress will seriously consider reallocating $580 billion of funds that have already been appropriated that wouldn’t cost taxpayers an additional penny,” Mnuchin told Bloomberg. That move would require congressional approval. Mnuchin’s comments come…Continue Reading

Biden’s Treasury pick may be key to climate, jobs, and equality agenda

No results matched your search EconomyNov 12, 2020 06:25AM ET © Reuters. U.S. President-elect Biden holds news conference in Wilmington, Delaware By Howard Schneider WASHINGTON (Reuters) – Incoming U.S. Treasury secretaries have been confronted over the past two decades with the financial rescue of other countries, the bailout of the U.S. banking system and a…Continue Reading

IR35: Former Treasury secretary Mel Stride calls for ‘dreaded’ off-payroll rules to be ‘abolished’

While chairing a Treasury Committee session on how the UK tax landscape must change to cover the costs of the coronavirus pandemic, ex-Treasury secretary Mel Stride backed calls for the IR35 rules to be abolished By Caroline Donnelly, Senior Editor, UK Published: 22 Oct 2020 9:45 Treasury Committee chair Mel Stride, who was instrumental in…Continue Reading

U.S. Treasury urged PPP lenders to focus on existing customers: Congress report By

© . FILE PHOTO: FILE PHOTO: The United States Department of the Treasury is seen in Washington, D.C. By Michelle PriceWASHINGTON () – The U.S. Treasury Department encouraged banks to prioritize existing customers when dishing out Paycheck Protection Program pandemic loans, disadvantaging smaller businesses against the intent of lawmakers, a Congressional panel said on Friday.“The…Continue Reading

Treasury encouraged banks to prioritize PPP loans for existing clients, hurting minority and women-owned small businesses, House report says

US President Donald Trump shows a signed Paycheck Protection Program and Health Care Enhancement Act in the Oval Office of the White House in Washington, DC, on April 24, 2020.Olivier Douliery | AFP | Getty ImagesThe Treasury Department privately encouraged banks to prioritize existing clients when implementing the federal government’s Paycheck Protection Program that provided…Continue Reading

Jump in 30-year Treasury yield raises expectations of Fed purchases

2/2 © Reuters. FILE PHOTO: U.S. House of Representatives Financial Services Committee hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), in Washington 2/2 By Kate Duguid NEW YORK (Reuters) – Investors are raising expectations the Federal Reserve will act to tame an upturn in…Continue Reading

Britain’s treasury officials pushing for tax hikes: newspapers

No results matched your search Economy1 hour ago (Aug 30, 2020 12:25AM ET) (Reuters) – Treasury officials in Britain are pushing for tax hikes to plug holes blown in public finances by the coronavirus pandemic, two leading British newspapers said. Such hikes will enable the exchequer to raise at least 20 billion pounds ($26.70 billion)…Continue Reading

Treasury points the finger at lenders over errors in PPP loan database

The U.S. Treasury Department is pointing the finger at lenders for errors discovered in Monday’s PPP data disclosure.What they’re saying: “Companies listed had their PPP applications entered into SBA’s Electronic Transmission (ETran) system by an approved PPP lender. If a lender did not cancel the loan in the ETran system, the loan is listed,” a senior administration official said.This explanation…Continue Reading