Tag Archives: Treasury

Steven Mnuchin Confirmed, Sworn In as Treasury Secretary

Steven Mnuchin, a 17-year veteran of investment bank Goldman Sachs, has been sworn in as head of the Treasury Department after the Senate confirmed him Monday through a 53-47 vote, Reuters reported Monday. David Lawder writes Mnuchin will oversee tax reform, financial de-regulation and economic diplomacy efforts as the Treasury secretary. He will manage a tax reform …

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Navy’s $125B Columbia-Class Submarine Program Gets Milestone B Approval From Pentagon

Defense Department acquisition chief Frank Kendall has granted Milestone B approval to the U.S. Navy’s potential $125 billion Columbia-class nuclear missile submarine program, Breaking Defense reported Wednesday. Sydney J. Freedberg Jr. writes the Milestone B decision will pave the way for the Navy to use the $773 million in funds that Congress …

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Treasury: Fiscal 2015 Deficit at Lowest Level in 8 Years

The Treasury Department reported that the fiscal 2015 federal budget deficit was $439 billion, a 9 percent decline from the prior-year shortfall and the smallest deficit since 2007. Last fiscal year’s deficit accounted for 2.5 percent of the U.S. gross domestic product, compared with 2.8 percent in FY 2014, and …

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Michael Daniel: Obama Administration Seeks to Deter Cyber Crime Nations Through Sanctions

Michael Daniel, White House cybersecurity coordinator, has said President Barack Obama’s latest executive order is intended to protect the U.S. against large-scale foreign cyber intrusions, Federal News Radio reported Thursday. Jason Miller writes Obama issued the order to authorize the departments of State, Justice and Treasury to impose sanctions against …

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