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 …

Read More »

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 …

Read More »

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 …

Read More »