Home / Tag Archives: Steven Mnuchin

Tag Archives: Steven Mnuchin

Treasury-OMB Report: Federal Budget Deficit at $779B in Fiscal 2018

Treasury Secretary Steven Mnuchin and Mick Mulvaney, director of the Office of Management and Budget, have issued a joint statement saying the federal budget deficit reached $779B in fiscal 2018, about $113B higher than the shortfall recorded in the previous fiscal year. The FY 2018 deficit was equivalent to 3.9 percent of the U.S. gross domestic product and $70B less than the projected shortfall in the Mid-Session Review for FY 2019, according to the statement published Monday.

Read More »

Treasury Dept Issues Interim Rules for Foreign Investment Review Pilot Program

The Treasury Department has released interim regulations for a pilot program to assess foreign acquisitions of critical U.S. technologies and intellectual property in compliance with the Foreign Investment Risk Review Modernization Act of 2018. “These temporary regulations address specific risks to U.S. critical technology while informing the development of final regulations that will fully implement FIRRMA,” Treasury Secretary Steven Mnuchin said in a statement published Wednesday.

 

Read More »

Treasury Dept Sanctions 16 Individuals, 9 Foreign Firms for Support to North Korea’s Weapons Programs

The Treasury Department has blocked from dealing with the U.S. 16 individuals and nine foreign companies for their involvement in activities that support North Korea’s weapons of mass destruction programs and breach of United Nations Security Council Resolutions. “Treasury continues to systematically target individuals and entities financing the Kim regime and its …

Read More »

Treasury Dept Sanctions 5 Companies for Support to Iran’s Ballistic Missile Program

The Treasury Department has prohibited from dealing with the U.S. five Iran-based companies for their involvement in activities that support the Middle Eastern country’s ballistic missile development efforts. The five entities are considered subordinates to Iran-based Shahid Bakeri Industrial Group that has been sanctioned by the U.S., United Nations and the European …

Read More »

U.S., Saudi Arabia Agree to Establish Cooperation Against Terrorist Financing Networks

U.S. and Saudi Arabia have entered into an agreement to establish a multinational alliance that will identify and implement measures against terrorist financial networks. The Terrorist Financing Targeting Center will promote collaboration between U.S., Saudi Arabia and Gulf countries including Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates in efforts to counter terrorist networks, …

Read More »

Trump Selects Linda McMahon to Head Small Business Administration

Linda McMahon, a former Senate candidate in Connecticut, has been nominated by president-elect Donald Trump as head of the Small Business Administration, the Wall Street Journal reported Wednesday. Peter Nicholas writes the nomination of McMahon, co-founder of World Wrestling Entertainment, follows a private meeting with Trump in the past week. “Linda …

Read More »