Tag: Mnuchin, Steven T

With Jobless Aid Expired, Trump Sidelines Himself in Stimulus Talks

On the first day of the first full week when tens of millions of Americans went without the federal jobless aid that has cushioned them during the pandemic, President Trump was not cajoling undecided lawmakers to embrace a critical stimulus bill to stabilize the foundering economy. He was at the White House, hurling insults at […]

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Relief Package Deal Remains Elusive as Impasse Over Jobless Benefits Persists

WASHINGTON — Top Trump administration officials and lawmakers cautioned on Sunday that a deal over a new relief package to help people and businesses weather the coronavirus crisis remained elusive even as the debate over the details of the aid was set to take center stage in the coming week. A meeting on Saturday in […]

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As Trump Undercuts Aid Talks, White House Says Extra Jobless Benefits Will Lapse

WASHINGTON — The prospects for a quick agreement between the Trump administration and congressional Democrats on a new round of aid for the ailing economy faded on Wednesday, as President Trump undercut his own party’s efforts to negotiate a deal and a top White House official declared that a lifeline to unemployed workers would run […]

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As Republicans Embrace Cut in Jobless Aid, Divisions Weaken Their Leverage

WASHINGTON — Senate Republicans and the White House on Monday threw their support behind a substantial cut in jobless aid for tens of millions of Americans laid off amid the pandemic, proposing a weekly reduction of $400 to a benefit that has cushioned the nation’s economy even as coronavirus cases continue to rise across the […]

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Trump Officials Float Idea of Narrow Bill to Extend Unemployment Benefits

Top Trump administration officials proposed on Sunday potentially short circuiting free-ranging stimulus talks with Democrats to rush through a much narrower bill prioritizing an extension of federal unemployment benefits that are set to expire this week for millions of Americans. Mark Meadows, the White House chief of staff, said he would now like to see […]

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Republican Stimulus Talks Stall Over Differences on Unemployment

WASHINGTON — Republicans stumbled on Thursday in their efforts to find agreement on a broad new proposal to lift the struggling economy, with Senate leaders and the Trump administration at odds over multiple provisions, including how to extend unemployment benefits and White House requests for spending unrelated to the pandemic. Even after President Trump folded […]

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A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks

WASHINGTON — As the coronavirus began shuttering the global economy in March, critical parts of U.S. financial markets edged toward collapse. The shock was huge and unexpected, but the vulnerabilities were well known, the legacy of risk-taking outside of regulatory reach. To head off a devastating downward spiral, the Federal Reserve came to Wall Street’s […]

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Republicans, Deeply Divided on Coronavirus Stimulus, Near Agreement on Opening Offer

WASHINGTON — Conservatives are apoplectic about its $1 trillion cost. Embattled mainstream Republicans are desperate to act quickly and aggressively to show voters they are doing something about the pandemic and resulting recession. And President Trump keeps insisting on proposals, like a costly payroll tax cut, that will do nothing to help tens of millions […]

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