Saleha Mohsin

Mnuchin Defends Honeymoon Jet Request as Trump Voices Support

U.S. Treasury Secretary Steven Mnuchin said his staff explored the use of a government plane for his honeymoon “purely” for national security reasons and then withdrew the request after finding a way to ensure secure communications while traveling.

Mnuchin Threatens More Sanctions on China Over North Korea

Treasury Secretary Steven Mnuchin warned the U.S. may impose additional sanctions on China -- potentially cutting off access to the U.S. financial system -- if it doesn’t follow through on a fresh round of United Nations restrictions against North Korea.

Mnuchin Keeps the Economic Agenda Ticking as He Defends Trump

Treasury Secretary Steven Mnuchin emerged over the weekend as one of the staunchest defenders of Donald Trump in the Cabinet, bringing stability to the administration’s economic policy agenda as it heads into what’s expected to be an unpredictable debt-limit debate.

Mnuchin Defends Decision to Stay as Trump Sees Healing Ahead

Treasury Secretary Steven Mnuchin pushed back against demands made by his former classmates at Yale University that he resign from Donald Trump’s cabinet, and on Saturday defended the president’s response to last weekend’s deadly protests in Charlottesville, Virginia.

Health Chief Says No Decision on Continuing Obamacare Subsidies

Health and Human Services Secretary Tom Price said Sunday that “no decision’s been made” on whether to continue key Affordable Care Act subsidies to health-insurance companies, but that the administration’s job is “to follow the law of the land.” A top White House aide said President Donald Trump will decide soon.

Treasury Reassures Markets About Secret Debt-Ceiling Plan

Treasury Department officials called bond traders and their advisers on Friday to assure them that the Trump administration isn’t considering prioritizing U.S. debt payments if Congress fails to increase the nation’s borrowing authority later this year, according to two people familiar with the matter.

Some Trump Aides Want a New Leader at the Fed

Federal Reserve Chair Janet Yellen’s candidacy for another term is encountering resistance from some Trump administration advisers who want a new leader at the U.S. central bank, according to two administration officials, even as the Treasury secretary indicated she may still be in the running.

Mnuchin Seeks Greater Scrutiny of Chinese Investments in U.S.

The U.S. Treasury Department wants to include China among a proposed group of hostile nations whose companies would undergo extra scrutiny for national security risks if they seek to buy stakes in American corporations, according to an administration official.

Mnuchin Plays Nice With Canada

U.S. Treasury Secretary Steven Mnuchin downplayed differences with Canada as the two nations prepare to reframe their trading relationship and the Canadian government charts a course that relies less on American leadership.

Trump Wants U.S. Debt Ceiling Increase by August, Spokesman Says

Congress should extend the U.S. government’s borrowing authority before lawmakers depart for their traditional August vacation, the White House said Monday, as the Trump administration sought to ratchet up pressure on Capitol Hill to avoid an unprecedented default on the national debt.

Trump Adviser Cohn Open to Concessions on U.S. Debt Ceiling

President Donald Trump’s chief economic adviser said Friday that Congress has no choice but to vote to raise the government’s borrowing authority, and that the White House will consider spending cuts or other riders to avert an unprecedented default.

Mnuchin's Senate Testimony Eclipsed by Trump's Comey Saga

Steven Mnuchin will be overshadowed during his first congressional testimony as Treasury secretary on Thursday by a deepening political crisis at the White House that threatens his aspirations for tax and regulatory overhauls.

Mnuchin Says Ultra-Long U.S. Bonds Can Absolutely Make Sense

Treasury Secretary Steven Mnuchin said the first ultra-long bond issuance could “absolutely” make sense to help finance the U.S. government, while indicating he’d be reluctant to swell the federal budget deficit to pay for planned infrastructure investment.

Mnuchin Takes Crash-Course Navigating Washington With Tax Deal

Steven Mnuchin quips that he uses super powers to avoid breaching the debt ceiling, has speed-dated dozens of fellow finance ministers fretting about the Trump administration’s protectionist tilt, and has received a Ph.D. in sanctions during his first 2 1/2 months as U.S. Treasury secretary.

Mnuchin Says Congress Agrees Tax Plan Needed to Spur Economy

Treasury Secretary Steven Mnuchin confirmed the administration will propose a corporate tax rate reduction to 15 percent and said lawmakers broadly agree on the need for a tax overhaul, citing a “very successful meeting” on Tuesday evening in Washington.

Mnuchin Says Tax Overhaul Will Happen by Year's End

The Trump administration is aiming to complete the biggest overhaul of the tax code since President Ronald Reagan by the end of the year, even if a second attempt to repeal the Affordable Care Act fails, according to Treasury Secretary Steven Mnuchin.

Trump Team Takes Steps to Keep Chinese From Westinghouse

The Trump administration is so alarmed that Chinese investors may try to purchase Westinghouse Electric Co.’s nuclear business that U.S. officials are trying to find an American or allied buyer for the company instead, two people familiar with the matter said.

Questions About Loyalty to Trump Stall Mnuchin's Treasury Picks

Steven Mnuchin’s picks for the top ranks of the U.S. Treasury are stalled due to resistance from White House aides, including one recruit whose Twitter account was scrutinized for potential criticism of Donald Trump, according to people familiar with the matter.

Mnuchin Warned by Japan, Germany as G-20 Fears Policy Shift

Within hours of being sworn in, U.S. Treasury Secretary Steven Mnuchin’s counterparts from Tokyo to Berlin started telegraphing warnings to him: Please don’t call the yen weak. Be careful how you talk about cutting financial regulations -- Europe is listening.

Trump Taps David Malpass for International Treasury Post, Source Says

President Donald Trump plans to nominate David Malpass, a former Bear Stearns economist, as U.S. Treasury undersecretary for international affairs, said a person familiar with the deliberations. His first job will be to help guide policy as the world wonders whether the new administration will make a habit of talking up or down other countries’ currencies.