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McConnell Says Congress Should Redirect Unspent Stimulus Money [Video]

McConnell Says Congress Should Redirect Unspent Stimulus Money

McConnell backed Treasury's Mnuchin in his extraordinary clash with the Federal Reserve. Both want Congress to reallocate unspent stimulus funds to support small businesses. "American workers should..

Credit: Wochit     Duration: 00:45Published

Stocks decline as COVID-19 cases surge [Video]

Stocks decline as COVID-19 cases surge

U.S. stocks closed lower on Friday as investors wrestled with fiscal stimulus developments, concerns over a lengthy rollout of vaccines, and a growing number of state-level shutdowns to combat the..

Credit: Reuters Studio     Duration: 01:41Published
Treasury Secretary pulls plug on programs designed to help small businesses [Video]

Treasury Secretary pulls plug on programs designed to help small businesses

As the coronavirus continues to impact the US economy, Treasury Secretary Steven Mnuchin is pulling the plug on programs designed to help small businesses hurt by the pandemic. Mnuchin is asking the..

Credit: KTNV Channel 13 Las Vegas     Duration: 00:36Published
Treasury pulls plug on some Fed lending programs [Video]

Treasury pulls plug on some Fed lending programs

House speaker Nancy Pelosi went after Treasury Secretary Steven Mnuchin on Friday for his decision to end some Federal Reserve COVID-19 emergency lending programs, a move also criticized by many Fed..

Credit: Reuters Studio     Duration: 02:16Published
US Stocks Waver, Dwindling Stimulus Chances [Video]

US Stocks Waver, Dwindling Stimulus Chances

JOHANNES EISELE/AFP/Getty Images US stocks wavered on Friday as new commentary from the White House cut into hopes for pre-election stimulus. While House Speaker Nancy Pelosi indicated a bill could..

Credit: Wochit     Duration: 00:33Published
US Stocks Dip Lower Over Stimulus Deal Talks [Video]

US Stocks Dip Lower Over Stimulus Deal Talks

US stocks dipped slightly on Wednesday as investors weighed the latest stimulus talk developments. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before the..

Credit: Wochit     Duration: 00:32Published
Continued discussion for a COVID-19 bill [Video]

Continued discussion for a COVID-19 bill

Today, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will once again discuss a COVID-19 relief deal. Pelosi wanted an agreement yesterday but says the progress is still worth..

Credit: KTNV Channel 13 Las Vegas     Duration: 00:33Published
Stimulus Talks [Video]

Stimulus Talks

lawmakers are being pressured to come to a deal about the stimulus package

Credit: WTVQ Lexington, KYPublished
recovery rally [Video]

recovery rally

recovery rally

Credit: WTVQ Lexington, KYPublished
Trump Pulls Plug On Stimulus Talks, Pelosi Fumes [Video]

Trump Pulls Plug On Stimulus Talks, Pelosi Fumes

President Donald Trump on Tuesday tweeted his decision to end all stimulus talks until after the general election in November. Talks had been going on between Treasury Secretary Steven Mnuchin and..

Credit: Wochit     Duration: 00:45Published
McConnell Blasts Dems' 'Outlandish' Stimulus Plan: 'Get Serious' [Video]

McConnell Blasts Dems' 'Outlandish' Stimulus Plan: 'Get Serious'

US Senate Majority Leader Mitch McConnell (R-Ky.) has made it clear he isn't fond of the most recent $2.2 trillion Democratic stimulus plan. On Wednesday, Business Insider reports McConnell called it..

Credit: Wochit Tech     Duration: 00:34Published
Deadline for airline workers without new stimulus [Video]

Deadline for airline workers without new stimulus

U.S. Treasury Secretary Steven Mnuchin urged airlines to delay tens of thousands of furloughs set to begin at midnight Thursday as he and Speaker of the House Nancy Pelosi try to reach a wide-ranging..

Credit: Reuters Studio     Duration: 02:01Published
Dow Surges After Wild Debate [Video]

Dow Surges After Wild Debate

On Wednesday, US stocks climbed as investors woke up to a disorderly presidential debate. The debate revived concerns of a disputed election result. Premarket futures traded negative until Treasury..

Credit: Wochit     Duration: 00:31Published
Pelosi 'hopeful' COVID-19 stimulus deal will be reached [Video]

Pelosi 'hopeful' COVID-19 stimulus deal will be reached

U.S. House Speaker Nancy Pelosi said on Tuesday she hoped to have a coronavirus aid deal with the White House this week, after speaking with Treasury Secretary Steve Mnuchin for almost an hour. Colette..

Credit: Reuters - Politics     Duration: 01:33Published

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Mnuchin Plans to Put $455 Billion Beyond Yellen's Easy Reach

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Analysis: Fed faces transition to post-pandemic economy

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Treasury Department Ending Several Federal Reserve Lending Programs

treasury department ending several federal reserve lending programs
Watch VideoU.S Treasury Secretary Steven Mnuchin said Thursday several coronavirus lending programs won't be extended — a decision the Federal Reserve is criticizing. In a letter to Fed Chairman..
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Treasury Secretary Steven Mnuchin flubs and says the White House is 'working on a mass distribution of the virus'

Mnuchin presumably meant to say the White House is working on a vaccine, but bungled his remarks on CNBC.
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Mnuchin, McConnell Want to Tap Unused Fed Funds for Stimulus

Treasury Secretary Steven Mnuchin bid to revive stalled stimulus talks with congressional Democrats by proposing the use of untapped Federal Reserve relief funds as part of a new package of aid.
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US stocks close lower amid rising COVID-19 cases and economic-outlook fears  

4:05 pm: US equities lower on coronavirus concerns US stocks closed lower amid rising COVID-19 cases and fears about the nation’s economic outlook.   Also adding to the anxiety came when Treasury..
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US stocks slide amid dispute over Fed funds and spiking COVID-19 cases

Treasury Secretary Steven Mnuchin urged the Fed to return funds set aside for emergency lending, dooming some relief programs to year-end expiration.
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Mnuchin says Main Street U.S. companies need grants, not loans

U.S. Treasury Secretary Steven Mnuchin on Friday pushed back against criticism of his decision to de-fund several Federal Reserve...
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Mnuchin moves to end emergency programs. How would it affect housing?

On Thursday, Treasury Secretary Steven Mnuchin rolled grenades down Wall Street and Main Street: he said he would not extend several emergency lending programs beyond Dec. 31, and also asked the..
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Mnuchin Denies Trying to Hinder a Biden WH's Economic Recovery Options

Treasury Secretary Steven Mnuchin denied that he is attempting to limit the choices a Joe Biden administration would have to promote an economic recovery by ending several emergency loan programs being..
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Gold prices extend weekly losses on stimulus concerns and positive vaccine news

gold prices extend weekly losses on stimulus concerns and positive vaccine news
Gold prices are heading for a second consecutive weekly decline on the back of encouraging news about coronavirus vaccine developments and news of the U.S. Treasury’s decision to allow emergency loan..
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Treasury Secretary Mnuchin denies trying to hinder incoming administration

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..
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Wall Street mixed at midday as Fed and Treasury butt heads over lending programs

12:20 pm: Traders weighing vaccine news, Fed's future In the US, the Dow was down 135 points, 0.5%, to 29,347.8 at noon ET. The Nasdaq Composite rose 9 points, 0.1%, to 11,914, and the S&P 500 ticked..
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Mnuchin says decision to end Fed emergency programs wasn't aimed at hurting Biden

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Mnuchin: Some pandemic lending programs can expire

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Mnuchin: Treasury, Fed Have 'Plenty of Capacity Left'

Treasury Secretary Steven Mnuchin said his agency and the Federal Reserve have enough firepower to continue to support the economy, a day after calling for several emergency lending programs to be..
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Several Fed emergency lending programs won't be renewed

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Wall Street headed for muted start

“Lukewarm” is the watchword for global markets today and in keeping with that mood US stocks are set for a tepid start. Spread betting quotes suggest the Dow Jones Industrial Average will open..
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Mnuchin's Fed move is like stripping Titanic of its lifeboats, economist says

U.S. Treasury Secretary Steven Mnuchin decided to allow key pandemic relief programs to expire.
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What's next for markets after Treasury Secretary Steven Mnuchin pulls the $455 billion plug

Analysts react to the surprise decision by the U.S. Treasury not to extend the Federal Reserve's backstop of corporate debt markets.
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Treasury yields fall after Mnuchin pulls plug on Fed lending power

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Mnuchin pulls plug on some pandemic lending programs that Fed considers essential

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Mnuchin Wants Congress to Unlock $580B for US Economy

Treasury Secretary Steven Mnuchin said lawmakers should redirect unspent stimulus funding, including money he is pulling back from the Federal Reserve, to buoy the economy as the U.S. waits for a..
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Treasury Secretary Steven Mnuchin rejects renewal of some Fed emergency loan programs

Treasury Secretary Steven Mnuchin said Thursday he will not extend several emergency loan programs set up with the Federal Reserve to support the economy.
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Wall Street futures dip as Mnuchin pulls plug on lending programs

U.S. stock market futures dropped late on Thursday after Treasury Secretary Steven Mnuchin pulled the plug on some of the Federal...
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Mnuchin Declines to Extend Several Fed Emergency Lending Programs

Treasury Secretary Steven Mnuchin declined to extend several emergency loan programs established jointly with the Federal Reserve that...
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Trump Fired, Biden Hired, What Next? – Analysis

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After the tight 2020 election, there’s only one way President-elect Joe Biden can win over both Americans and other nations. He has to deliver in multiple fronts, amid a divided nation and huge..
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Mesa Air Group Enters Into a $200 Million Secured Loan Facility Under CARES Act; Thanks Arizona Delegation for Critical Support

PHOENIX, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today announced that it has entered into a five-year Loan and Guarantee Agreement on October 30, 2020, with the U.S...
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Purple State China: China’s Preferences In 2020 US Presidential Election Are…Complicated – Analysis

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No Progress On COVID-19 Relief Bill

no progress on covid-19 relief bill
Watch VideoIn Washington there's still no movement on a COVID relief deal. House speaker Nancy Pelosi and white house negotiator treasury secretary Steven Mnuchin continue to be at odds. Speaker Pelosi..
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Mnuchin says he learned of Pelosi's letter to him about stimulus talks 'in the press'

Treasury Secretary Steven Mnuchin said on Thursday that he learned about a letter Speaker Nancy Pelosi (D-Calif.) sent to him about...
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Pelosi scolds White House over no response in virus talks

WASHINGTON (AP) — House Speaker Nancy Pelosi issued a scolding assessment of COVID-19 relief talks on Thursday, blaming Treasury Secretary Steven Mnuchin for failing to produce answers to her demands..
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Pelosi Blames White House for Virus Relief Delays

House Speaker Nancy Pelosi accused the Trump administration of dragging its feet on coronavirus relief efforts in a new letter to Treasury Secretary Steven Mnuchin. Pelosi sent a letter to Mnuchin..
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COVID Relief Deal Extremely Unlikely Before Election

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Watch VideoWith Amy Coney Barrett’s confirmation process finished, both Houses of Congress are officially out until after the election. Lawmakers leave Washington with an Covid relief bill..
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US stocks end mixed session on rising COVID-19 rates and stimulus impasse

4:05 pm: Most US equities fall as Nasdaq ekes out win US stocks closed a mixed session on raising coronavirus (COVID-19) infections and Washington’s failure to approve a stimulus package.  On the..
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Wall Street mixed at midday as Nasdaq flies ahead of the Dow

12:20 pm: Dow splits with Nasdaq, S&P caught in the middle The DJIA has muddled in the red all day, dropping 78 points, 0.3%, to 27,607.1 at midday. The tech-centric Nasdaq fared much better, gaining..
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Asian shares slip after Wall St's worst day in a month

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Dow tumbles 800+ points amid concerns over COVID-19 and stimulus talks

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US stocks waver as investors mull dwindling chances for near-term stimulus

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