White House, GOP senators inch closer to coronavirus relief proposal
Treasury Secretary Steven Mnuchin said the White House and Senate Republicans had reached a "fundamental agreement."
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Treasury Secretary Steven Mnuchin said the White House and Senate Republicans had reached a "fundamental agreement."
The Treasury secretary and White House chief of staff are meeting with leaders of both parties as talks continue.
There is a shortage of coins in circulation as many businesses are no longer accepting cash as payment. But some experts warn that the emerging trend can be harmful for smaller businesses and low-income consumers who rely on coin transactions. Michael George reports.
The Trump administration has released a list of companies that have received small business loans from the Paycheck Protection Program during the coronavirus pandemic. Some of them include Trump donors, Democratic and Republican political groups, the Girl Scouts, and Kanye West's clothing line. CBS News Radio White House correspondent Steven Portnoy joins CBSN with details.
Treasury Secretary Steven Mnuchin warned Turkey of possible sanctions during a news conference at the White House Friday, the third day of Turkey's Syria offensive. "We can shut down the Turkish economy if we need to," Mnuchin said.
President Trump is imposing sanctions on Turkey and increasing tariffs on Turkish steel. This comes as the White House faces bipartisan criticism over its decision to pull U.S. troops from northern Syria, leading to the Turkish invasion. CBS News White House correspondent Ben Tracy joined CBSN AM with the latest.
It's the first public testimony by the duo since the $2 trillion economic bailout became law nearly two months ago.
Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin testified via video for a Senate committee on the impact of economic stimulus measures to help the nation recover from the coronavirus pandemic. CBS News chief congressional correspondent Nancy Cordes and CBSN political contributor Molly Hooper join CBSN's Reena Ninan with highlights from the hearing.
President Trump said Tuesday he would like to see the country reopen by Easter, but health officials say it's premature to plan on that. This comes as Treasury Secretary Steven Mnuchin said the president will be "absolutely" pleased to sign the Senate's coronavirus economic relief bill. CBS News White House correspondent Paula Reid joins CBSN with the latest.
As small business owners receive money from Congress' Paycheck Protection Program, some are worried about the heavy restrictions it imposes on allocating that money to payroll. Emily Flitter of the New York Times joined CBSN to discuss her reporting on the challenges small businesses are facing.
The Department of Justice announced Thursday that it was moving to drop a criminal case against President Trump's first national security adviser Michael Flynn. CBS News chief congressional correspondent Nancy Cordes and Axios White House reporter Alayna Treene discuss the news and the rest of the day's political headlines.
Blocking $500 payments to children because one or both parents are immigrants is discriminatory, lawsuit claims.
Treasury Secretary Steve Mnuchin said Tuesday that there would be a "full review" of any company that received more than $2 million in the Paycheck Protection Program. The program has been criticized after large companies, including the Los Angeles Lakers, received big loans. Watch his remarks.
"The purpose of this program was not social welfare for big business," the Treasury secretary said
Congressional leaders hope to finalize a deal Monday, so that the Senate can pass a bill on Tuesday.
Senate and White House negotiators have yet to reach an agreement to pass additional funding for the Paycheck Protection Program.
Senate Democrats blocked legislation expanding a small business loans program Thursday, arguing it was insufficient.
Treasury Secretary Mnuchin said that he had spoken to congressional leaders to request an additional $250 billion
This week we sat down with former FDA Commissioner Dr. Scott Gottlieb and Treasury Secretary Steven Mnuchin for the latest on the battle against COVID-19
On this "Face the Nation" broadcast, we sat down with Dr. Scott Gottlieb and Treasury Secretary Steven Mnuchin
As part of the stimulus package passed by Congress last week, Americans who make up to $75,000 will receive $1,200 checks, plus $500 per child.
The following is a transcript of an interview with Treasury Secretary Steven Mnuchin that aired Sunday, March 29, 2020, on "Face the Nation."
The Senate approved a $2 trillion emergency package late Wednesday, sending it to the House for approval.
The White House and bipartisan Senate leaders have agreed on a sweeping $2 trillion financial relief package to help workers, businesses and the strained health care system survive the pandemic.
And the treasury secretary, whose net worth was reported to be around $400 million last year, said small businesses will hopefully hire back those employees.