Treasury secretary

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The gloves are coming off in Congress as Democrats and Republicans fight over the Mueller report and impeachment

More and more Democrats are ramping up calls for impeachment and harsher punishments for top Trump officials. At the same time, Democratic leaders are trying to tamp down on calls for Trump’s impeachment and advocate a “go-slow” strategy. Republicans are saying the Mueller investigation’s conclusion that Trump campaign officials did not engage in a conspiracy…


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Trump’s tax records show his businesses lost so much money over a decade, he didn’t have to pay income taxes for 8 of those ten years

President Donald Trump’s tax information covering the years 1985 to 1994 show a business empire nearly in ruin, according to financial information obtained by The New York Times. Trump’s negative adjusted gross income allowed him not to pay any income tax for eight of those years, according to the records. The filings show that in…


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Treasury Secretary Mnuchin officially refuses to give Trump’s tax returns to Democrats, setting up high-stakes showdown

Treasury Secretary Steven Mnuchin denied House Democrats’ requests for President Donald Trump’s tax returns. Mnuchin said the request for the president’s tax returns “lacks a legitimate legislative purpose.” Democrats on the House Ways and Means Committee will now be tasked with sending a subpoena, which could develop into a lawsuit if the Trump administration continues…


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Trump just explicitly laid out his strategy to fight the overwhelming number of Democratic investigations

President Donald Trump said his administration will be “fighting all the subpoenas” House Democrats throw their way. Trump’s comments come as several committees are locked in heated back and forths with the White House and are ramping up their probes. Trump maintains that Democrats will find no wrongdoing of any kind. Visit BusinessInsider.com for more…


Fed chairman Jerome Powell shoots down Ocasio-Cortez’s big deficit idea

Fed chairman Jerome Powell shoots down Ocasio-Cortez’s big deficit idea

Ms Ocasio-Cortez, who this month launched a “Green New Deal” grab-bag of promises backed by prominent Senate Democrat presidency contenders, supports a new theory dubbed by some as Modern Monetary Theory. MMT asserts Congress need only raise taxes to pay for its deficit spending when inflation quickens.Even more conventional mainstream economists are increasingly promoting the…


Labor abandons Hayne on mortgage brokers, proposes fee limits

Labor abandons Hayne on mortgage brokers, proposes fee limits

A party source said Labor did not want another pitched battle involving consumers ahead of the election.Already under pressure from self-funded retirees over its policy to end cash refunds for excess franking credits, Labor could ill-afford another campaign claiming that Commissioner Hayne’s recommendation would drive up costs for borrowers, harm competition and strengthen the hand…


LET’S MAKE A DEAL: Officials from the US and China are working to hash out a deal to end Trump’s trade war as a critical tariff deadline nears

LET’S MAKE A DEAL: Officials from the US and China are working to hash out a deal to end Trump’s trade war as a critical tariff deadline nears

High-level officials from the US and China officially kicked off two days of meetings on Thursday as a critical trade war deadline creeps ever closer. US Trade Representative Robert Lighthizer is the point person for the team of Trump administration officials that also includes Treasury Secretary Steven Mnuchin. On the other side of the table…



US v China in new cold war: Global investors to feel the chill

US v China in new cold war: Global investors to feel the chill

Trump’s hardline trade negotiator Robert Lighthizer and China’s vice premier Liu He hunkered over a table in the Eisenhower Executive Office, the 1870s French Second Empire-style edifice that sits a nine-iron shot away from the White House.For two days they worked on the basics of a deal that both sides eventually hope will be signed…


Markets Live: AFIC reveals special dividend

Markets Live: AFIC reveals special dividend

HomeMarketsUpdated 21 Jan 2019 — 10:08 AM, first published at 9:47 AM13 mins ago – 11:26 AMListed investment company London City Equities revealed an $18,000 loss for the six months ending in December, with the value of its investment portfolio dropping from $10.8 million to $8.5 million over the past year. Former chairman John Plummer…