Trump aides say business-loan plan working, 'pause' comes next
The Trump administration on Sunday termed the second phase of an emergency job-saving program a success, with more than $175 billion in loans already issued to smaller companies and more likely after a "pause."
US Treasury secretary says coronavirus relief plan calls for $4 trillion
An emergency coronavirus relief package that the US government is preparing for businesses devastated by the pandemic calls for $4 trillion in aid, Treasury Secretary Steven Mnuchin said Sunday.
As feud heats up, Trump says Biden was subject of Ukraine call
US President Donald Trump on Sunday confirmed he did discuss former vice president Joe Biden and corruption allegations in a phone call with Ukraine's leader, as Trump's opponents called for his impeachment.
US, China to resume trade talks next week
US and Chinese officials are restarting negotiations in an effort to resolve the year-long trade dispute, with two days of talks due next week, US Treasury Secretary Steven Mnuchin said Wednesday.
US poised to tighten sanctions on Iran over terror financing
The United States is set to increase pressure on Iran for failing to head off funds to terrorists, threatening new sanctions if Tehran fails to comply, Treasury Secretary Steven Mnuchin said Friday. Amid rising tensions in recent days after Iran shot down an American drone, President Donald Trump early Friday appeared to preview the tougher…
Window 'narrowing' for global economy, IMF warns
The window of opportunity for safeguarding global growth is "narrowing" as trade disputes deepen and emerging markets face fiscal crisis, the IMF said Saturday, warning countries against worsening things by weaponising currency and interest-rate policies.
US Treasury secretary: Economy strong, stock drop a 'natural correction'
Treasury Secretary Steven Mnuchin said Friday the US economy remains strong, and the recent decline in the stock market was "just a natural correction."
Tough talk on global trade escalates as Trump claims results
The US and China's top economic officials agreed by phone Saturday to "continue to communicate" on trade issues, Chinese state media said, as President Donald Trump pledged his escalating trade showdown would get results despite pushback from Europe and Beijing.
Dollar dives as US talks currency down
The dollar tumbled against major rivals on Wednesday, with the euro reaching a three-year high, as US Treasury Secretary Steven Mnuchin said that a weaker dollar was good for the US economy.
US, China agree to cooperate on deficit in first trade talks under Trump
The United States and China have agreed to cooperate on reducing the trade deficit in the first round of economic talks under the Trump administration, Washington said at the conclusion of the meeting Wednesday which produced no major breakthroughs.