Categories for Treasury

31,037. 11/26/2019

TREASURY/TRUMP AS PRESIDENT: “RT @DailyCaller: President @realDonaldTrump signs the Women’s Suffrage Centennial Commemorative Coin Act which will direct the U.S. Treasur…”

Donald Trump,, November 26, 2019 7:45 am

31,015. 11/25/2019

TREASURY/TRUMP AS PRESIDENT/WOMEN: “RT @WhiteHouse: President Trump signed the Women’s Suffrage Centennial Commemorative Coin Act! @USTreasury will issue $1 coins commemorat…”

-Donald Trump,, November 25, 2019 8:05 pm

29,394. 10/11/2019

TREASURY/TRUMP AS PRESIDENT: “RT @WhiteHouse: President @realDonaldTrump has authorized a new executive order giving @USTreasury, in consultation with himself and @SecPo…”

-Donald Trump,, October 11, 2019 6:21 pm

28,510. 9/18/2019

IRAN/SANCTIONS/TREASURY/TRUMP AS PRESIDENT: “I have just instructed the Secretary of the Treasury to substantially increase Sanctions on the country of Iran!”

Donald Trump,, September 18, 2019 7:53 am

27,918. 8/29/2019

COURTS/DEMS/HOUSE OF REPS/TREASURY/TRUMP TAXES: “A federal judge on Thursday [8-29-19] denied an attempt by House Democrats to fast-track its attempt to force the Treasury Department and IRS to release President Donald Trump’s tax returns. The ruling from Judge Trevor McFadden in Washington, DC, does not stop the lawsuit by the Democratic-led House Ways and Means Committee, which continues to move ahead with filings due in September. Democrats are also trying other ways to obtain the documents and are pursuing them through the courts while Trump is trying to stop them with judges’ interventions. The judge’s order Thursday is a minor setback for the House in one of the several ongoing court cases regarding Trump’s financial documents, some of which may not be resolved before the 2020 election. The committee initially sued to enforce their subpoena in early July. That was months after the committee made its initial request for the details.”

Katelyn Polantz, “Judge rejects House Democrats’ request to fast-track Trump tax return case,” CNN Politics,, August 29, 2019 8:04 pm

27,760. 8/23/2019

CHINA/TREASURY/TRUMP AS PRESIDENT: “RT @TreasurySpox: U.S. Treasury Designates China as a Currency Manipulator:

Donald Trump,, August 23, 2019 7:50 pm

27,691. 8/22/2019

CONGRESS/FOREIGN AID/TREASURY/TRUMP AS PRESIDENT: “President Donald Trump has scrapped a plan to freeze more than $4 billion in foreign aid in a move that would have been another end run around Congress’ power of the purse. The president’s decision Thursday [8-22-19] to forgo a ‘rescission’ comes after another internal tug of war between his budget advisers and Cabinet officials. But the fiscal hawks in Trump’s corner, failing again to sell him on spending restraint, blamed Congress for souring him on the idea…Treasury Secretary Steven Mnuchin, Secretary of State Mike Pompeo and several GOP lawmakers warned Trump over the last two weeks that the move would be detrimental to national security and to bipartisan negotiations ahead of another shutdown deadline. The president’s acting budget director, Russ Vought, and acting chief of staff Mick Mulvaney had both pushed Trump to pursue the plan. Foreign aid advocates were quick to characterize Pompeo as a gutsy crusader against both fiscal hawks and progressive Democrats seeking to politicize foreign assistance.”

John Bresnahan, Jennifer Scholtes and Marianne Levine, “Trump kills plan to cut billions in foreign aid,” Politico, August 22, 2019 5:15 pm

27,486. 8/15/2019

AUSTRALIA/CHINA/ECONOMY/TRADE WAR/TREASURY/TRUMP AS PRESIDENT: “Australian and New Zealand shares fell sharply on Thursday [8-15-19] as investors sold off equities globally in search of safety after a drop in a U.S. bond yield curve highlighted the risk of recession. The yield on the U.S. Treasury 10-year note briefly fell below the two-year yield, a pattern that is widely seen as an indicator of a looming recession. The inversion, as it is known, last happened in 2007 and proved to be correct when the global financial crisis hit the following year. The S&P/ASX 200 index sank 2.9% to 6,408.1 points, its lowest level since early June. The benchmark had managed a 0.4% gain on Wednesday [8-14-19] after U.S. President Donald Trump delayed tariffs on some Chinese imports, easing some fears over the escalating U.S.-China trade war. Worries of contagion gripped markets, with investors shifting money away from sectors such as financials and mining to the relative safety of gold. Australia has proved in the past to be relatively resistant to global recessions and was one of the few developed economies that escaped the crisis in 2008.”

Nikhil Nainan, “Recession fear grips Australia, NZ stock markets,” Reuters, August 15, 2019 2:50 pm

27,296. 8/8/2019

CHINA/ECONOMY/FEDERAL RESERVE/TREASURY/TRUMP AS PRESIDENT: “President Donald Trump on Thursday [8-8-19] called on the Federal Reserve to take steps to weaken the U.S. dollar — a move that would make American exports more competitive in world markets while increasing prices on imported goods…Trump’s comment break with a long tradition of presidents expressing public support for a strong dollar, which helps keep inflation low and has other advantages, even though it hurts exports. His comments also come just days after Treasury Secretary Steven Mnuchin formally declared China to be a ‘currency manipulator’ under U.S. law because the People’s Bank of China let the yuan weaken beyond 7 to the dollar for the first time in over a decade. The Treasury Department said it was clear China had acted ‘to gain an unfair competitive advantage in international trade,’ a charge that Beijing denied.”

Doug Palmer, “Trump presses Fed to weaken dollar,” Politico, August 8, 2019 11:48 am

27,222. 8/6/2019

CHINA/ECONOMY/STEVE MNUCHIN/TREASURY/TRUMP AS PRESIDENT: “China on Tuesday [8-6-19] strongly rejected the Trump administration’s determination that it’s manipulating its currency for an unfair trade advantage and accused the United States of protectionist behavior that is hurting the global economy…The Central Bank also accused the United States of ‘wayward unilateralism and protectionist behavior that seriously undermines international rules and will have a major impact on global economic finance.’ Late Monday [8-5-19], Treasury Secretary Steven Mnuchin took the rare step of formally declaring China a currency manipulator — a designation that no U.S. administration has made in regard to any country since 1994, when China was designated for the first and only other time. Mnuchin’s announcement came hours after President Donald Trump lashed out at Beijing for allowing its currency, officially known as the renminbi, to depreciate above 7 yuan-to-the-dollar for the first time in over a decade.”

Doug Palmer and Adam Behsudi, “China rejects Trump charge of currency manipulation, calls U.S. ‘protectionist’,” Politico, August 6, 2019 10:48 am

27,062. 7/31/2019

CHINA/ECONOMY/TRADE DEALS/TREASURY/TRUMP AS PRESIDENT: “American and Chinese negotiators finished talks on Wednesday [7-31-19] with little progress toward ending a trade war that has shaken the world’s economic confidence and rattled markets. Treasury Secretary Steven Mnuchin and Robert E. Lighthizer, the Trump administration’s top trade negotiator, were seen leaving trade talks in Shanghai on Wednesday, the Chinese state news media said. Both sides ‘conducted frank, efficient and constructive in-depth exchanges on major issues of common interest in the economic and trade field,’ said a statement late in the day that was released by CCTV, China’s state broadcaster. The White House press secretary, in a statement released Wednesday morning, called the talks ‘constructive’ and said negotiations were expected to continue in Washington in early September.”

Alexandra Stevenson, “U.S.-China Trade Talks End With No Deal in Sight,” The New York Times online, July 31, 2019

26,875. 7/24/2019

CHINA/TECHNOLOGY/TREASURY/TRUMP AS PRESIDENT: “Treasury Secretary Steven Mnuchin Wednesday [7-24-19] appeared to defuse a threat from President Donald Trump to have multiple agencies probe Google for potential treason over the company’s work in China…He and Trump met with Google CEO Sundar Pichai this week, Mnuchin said, and came away assured the company does ‘very minimal’ work in China, limited to ‘open-source’ efforts that don’t raise national security concerns. Pichai was at the White House Monday to discuss a range of economic issues largely centered around China. The president said last week that he may urge ‘various agencies, including perhaps our attorney general’ to look into a ‘very strong charge’ of treason raised by Peter Thiel, a prominent Trump booster and Facebook board member. Thiel accused Google of ‘engag[ing] in the seemingly treasonous decision to work with the Chinese military and not with the US military,’ an apparent reference to the company pulling back on U.S. defense contracting while still pursuing business and research interests in China, whose government exercises tight control over businesses in the country.”

John Hendel, “Mnuchin seemingly defuses Trump’s ‘treason’ threat to Google over China work,” Politico, July 24, 2019 2:54 pm

26,736. 7/19/2019

BUDGET/GOP/TREASURY/TRUMP AS PRESIDENT: “President Donald Trump on Friday [7-19-19] extolled the debt ceiling as ‘a sacred element of our country’ that should never be wielded as a bargaining chip in budget talks — despite urging Republican lawmakers to do just that 6½ years ago…The president’s remarks come as White House officials, led by Treasury Secretary Steven Mnuchin, home in on a two-year budget agreement with House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) that would raise the national debt limit…But as a private citizen in December 2012, Trump tweeted that ‘the Republicans must use the debt ceiling as leverage to make a good deal!’ That social media directive from the future commander in chief came amid the Obama administration’s legislative battles over the U.S. fiscal cliff with then-Senate Minority Leader Mitch McConnell (R-Ky.) and former House Speaker John Boehner (R-Ohio).”

Quint Forgey, “Trump says debt ceiling can’t be a bargaining chip. That’s not what he said in 2012.,” Politico, July 19, 2019 2:58 pm

26,610. 7/15/2019

BUSINESS/STEVE MNUCHIN/TECHNOLOGY/TREASURY/TRUMP PEOPLE: “Treasury Secretary Steven Mnuchin said on Monday [7-15-19] that he had ‘very serious concerns’ about cryptocurrencies, including the one being developed by Facebook, the latest indication that Washington is preparing to exert its power over digital currencies. In a briefing at the White House, Mr. Mnuchin said cryptocurrencies posed a national security threat because they can be used to fund illicit activities. He also said that the Trump administration was ‘not comfortable’ with Facebook’s plans to begin a digital payment system, called Libra. The warnings come after similar comments by President Trump, who said in a series of Twitter posts last week that he was ‘not a fan’ of cryptocurrencies and that their value was volatile and ‘based on thin air.’ Mr. Trump warned Facebook that it must seek a banking charter and follow all bank regulations if it wants to be in the digital currency business. The Trump administration has said little about cryptocurrencies in the past two years, despite their growing popularity.”

Alan Rappeport and Nathaniel Popper, “Cryptocurrencies Pose National Security Threat, Mnuchin Says,” The New York Times online, July 15, 2019

26,391. 7/9/2019

TREASURY/TRUMP AS PRESIDENT/TRUMP PEOPLE: “After a wonderful dinner at the @USTreasury last night with the Amir of Qatar, @TamimBinHamad, it was my great honor to welcome him to the @WhiteHouse this afternoon!

Donald Trump,, July 9, 2019 2:44 pm

26,220. 7/2/2019

HOUSE OF REPS/IRS/LAWSUIT/TREASURY/TRUMP TAXES: “The House sued the Treasury Department and the Internal Revenue Service on Tuesday [7-2-19], demanding access to President Trump’s tax returns and escalating a fight with an administration that has repeatedly dismissed as illegitimate its attempt to obtain the financial records. The lawsuit moves the dispute into the federal courts after months of sniping between the Democratic-led House Ways and Means Committee, which requested and then subpoenaed the returns, and Treasury Secretary Steven Mnuchin. The case may ultimately go to the Supreme Court, and its outcome is likely to determine whether financial information that Mr. Trump has kept closely guarded in spite of longstanding presidential tradition will be viewed by Congress and, ultimately, the public. In Tuesday’s filing, the House argued that the administration’s defiance of its request amounted to ‘an extraordinary attack on the authority of Congress to obtain information needed to conduct oversight of Treasury, the I.R.S. and the tax laws on behalf of the American people.’ It asked a judge to order the defendants to comply.”

Nicholas Fandos and Charlie Savage, “House Files Lawsuit Seeking Disclosure of Trump Tax Returns,” The New York Times online, July 2, 2019

25,735. 6/14/2019

DEMS/JUSTICE DEPARTMENT/STEVE MNUCHIN/TREASURY/TRUMP TAXES: “The Justice Department on Friday [6-14-19] backed a decision by Treasury Secretary Steven Mnuchin to defy a request from Congress for President Trump’s tax returns on the basis that it lacked ‘legitimate legislative purpose.’ The department issued a 33-page memo, dated Thursday [6-13-19], that came as House Democrats were preparing a lawsuit as the next step in their effort to gain access to Mr. Trump’s returns. Mr. Mnuchin defied requests made in April and May by the House Ways and Means Committee and refused to comply with a subpoena, setting up a legal battle between the two branches of government. House Democrats are trying to obtain six years of Mr. Trump’s personal and business tax returns using an obscure provision of the tax code that allows congressional tax-writing committees to get the returns of any taxpayer. The memo, written by Steven A. Engel, the head of the Office of Legal Counsel, argued that House Democrats, led by Representative Richard E. Neal of Massachusetts, made the request for political purposes with the intention of releasing Mr. Trump’s tax returns.”

Alan Rappeport, “Justice Dept. Backs Mnuchin’s Refusal to Release Trump’s Tax Returns,” The New York Times online, June 14, 2019

25,176. 5/22/2019

DEMS/INVESTIGATIONS/NANCY PELOSI/STEVE MNUCHIN/TREASURY/TRUMP TAXES: “It was another wild day in Washington as President Trump stormed out of a three-minute Oval Office meeting with Democratic congressional leaders, Speaker Nancy Pelosi accused the president of a ‘cover-up’ and Treasury Secretary Steven Mnuchin held firm on his refusal to release Mr. Trump’s tax returns to Congress. But Democrats made some headway. In a victory for Representative Adam B. Schiff, the Democratic chairman of the House Intelligence Committee, the Justice Department agreed to release some documents related to the Mueller report. And in New York, state lawmakers passed a bill that would give Congress a path to obtain Mr. Trump’s state tax returns. That was all before noon. Check back later for more. As Democrats weigh impeachment, Ms. Pelosi accused the president of ‘a cover-up.’ Later, Mr. Trump abruptly ended a meeting — three minutes in — with her and Senator Chuck Schumer of New York.”

NYT Staff, “Trump’s Battles: Today’s State of Play,” The New York Times online, May 22, 2019

25,067. 5/17/2019

BUDGET/DEMS/HOUSE OF REPS/TREASURY/TRUMP AS PRESIDENT: “Speaker Nancy Pelosi, Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer and House Minority Leader Kevin McCarthy have agreed to begin negotiations on a two-year deal to lift stiff budget caps, according to multiple sources familiar with the talks. The ‘Big 4’ congressional leaders will meet with top White House officials next week to formally kick off the discussions, which have the support of President Donald Trump, said the sources. The GOP leaders are also pushing for an increase in the debt limit but do not want to formally link it to a budget caps deal. The issue is sure to be part of next week’s session. Democrats have wanted to link the debt ceiling increase with the budget caps, believing that would increase their leverage in the negotiations. But McConnell, McCarthy and the White House do not want to handle them together. The federal government will hit the debt limit sometime this fall, according to Treasury Department projections.”

John Bresnahan and Sarah Ferris, “‘Big 4’ leaders to begin talks with White House on ambitious budget deal, “ Politico, May 17, 2019 1:18 pm

24,715. 5/7/2019

ATTORNEY GENERAL/DEMS/IRS/TREASURY/TRUMP AS PRESIDENT: “A Democrat on the House Ways and Means Committee said Tuesday [5-7-19] he does not want to throw Attorney General William Barr in jail but is ‘ready to do so,’…Doggett is one of the more liberal members of the House Ways and Means Committee and the Democratic leadership of that committee has requested the IRS turn over the last six years of Trump’s tax returns. Treasury Secretary Steven Mnuchin rejected that request on Monday on advice from the Department of Justice, which is headed up by Barr. Doggett said the tactics being used by Trump to block House Democrats’ investigations makes it seem like he’s ‘almost begging for impeachment’…House Judiciary Chairman Jerry Nadler scheduled a Wednesday [5-8-19] vote to hold Barr in contempt of Congress after the Justice Department declined to comply with a subpoena and provide an unredacted version of special counsel Robert Mueller’s report to Congress. The Justice Department last week said in a letter that the subpoena was ‘not legitimate oversight’’ and an ‘extraordinarily burdensome’ request. Barr skipped a scheduled hearing before the House Judiciary Committee last week after a dispute with House Democrats over the questioning format.”

Kate Sullivan, “Democratic congressman says he is ‘ready’ to throw Barr in jail,” CNN Politics,, May 7, 2019 11:39 pm

24,692. 5/7/2019

2016 ELECTION/DEMS/TREASURY/TRUMP TAXES: “Since the 2016 presidential campaign, journalists at The New York Times and elsewhere have been trying to piece together Donald J. Trump’s complex and concealed finances. Now The Times has obtained 10 years of previously unrevealed figures from the president’s federal income tax returns. The tax numbers, for the years 1985 through 1994, paint a far bleaker picture of Mr. Trump’s deal-making abilities and financial condition than the one he has long put forth…Mr. Trump became an unprecedented president — a businessman and reality television star with no government experience — and he broke with decades-old presidential tradition by refusing to release his income tax returns. Questions about what secrets they may hold — about his recent business dealings and the sources of his financing — only intensified with the Russia inquiry, and the Trump administration is now locked in a battle with House Democrats demanding the last six years of the president’s returns. On Monday [5-6-19], the Treasury secretary, Steven Mnuchin, said he would not give a House committee access to the returns.”

Susanne Craig and Russ Buettner, “5 Takeaways From 10 Years of Trump Tax Figures,” May 7, 2019

24,273. 4/23/2019

IRS/STEVE MNUCHIN/TREASURY/TRUMP AS PRESIDENT/TRUMP TAXES: “Treasury Secretary Steven Mnuchin left little doubt Tuesday [4-23-19] that the administration will reject a congressional request for President Donald Trump’s tax returns by a self-imposed May 6 target for a ‘final decision,’ setting the stage for a legal battle that will test the limits of congressional oversight. In a 10-page letter to House Ways and Means Chairman Richard Neal (D-Mass.), who formally requested Trump’s returns on April 3, Mnuchin questioned Neal’s motives and laid out ‘some of the legal concerns’ the administration has with the request. While Neal has argued that the committee needs to see the returns as part of its oversight of the IRS, Mnuchin wrote that is a ‘pretext’ for the Democrats’ aim to make Trump’s returns public, which Mnuchin called ‘constitutionally suspect.’ Neal, who had set a 5 p.m. Tuesday deadline for the IRS to turn over the documents, said in a statement that he plans to ‘consult with counsel about my next steps.’ He is likely to subpoena the documents at some point and, given the administration’s resistance to subpoenas issued or threatened by other committees, the dispute is expected to wind up in court.”

Aaron Lorenzo, “IRS blows deadline to hand over Trump tax returns,” Politico, April 23, 2019 8:15 pm

24,249. 4/23/2019

DEMS/STEVE MNUCHIN/TREASURY/TRUMP AS PRESIDENT/TRUMP TAXES: “Treasury Secretary Steven Mnuchin again delayed a decision on whether to turn over President Trump’s tax returns to Congress, telling House lawmakers late Tuesday [4-23-19] that the Treasury and Justice Departments needed until May 6 to assess the legality of the ‘unprecedented’ request. In a letter to Representative Richard E. Neal, the Democratic chairman of the House Ways and Means Committee, Mr. Mnuchin said that the Treasury Department ‘cannot act upon your request unless and until it is determined to be consistent with law.’ Mr. Mnuchin said the department expected to make a final decision by May 6 ‘after receiving the Justice Department’s legal conclusions.’ Earlier Tuesday, Hogan Gidley, a White House spokesman, signaled that Mr. Trump was girding for a protracted fight over his tax returns…Mr. Trump has used the excuse of an Internal Revenue Service audit since the 2016 presidential campaign as a reason not to release his tax records, though no law prevents a taxpayer from releasing returns while under audit. This month, Mr. Neal formally requested from the Internal Revenue Service six years’ worth of the president’s personal and business tax returns.”

Alan Rappeport, “Treasury Delays Decision on Whether to Release Trump’s Tax Returns to May 6,” The New York Times online, April 23, 2019

24,083. 4/17/2019

REGULATIONS/TREASURY/TRUMP AS PRESIDENT: “The Trump administration on Wednesday [4-15-19] proposed new regulations aimed at making it easier for investors to take advantage of tax breaks for investing in ‘Opportunity Zones’ in low-income areas. The proposed regulations issued by the Treasury Department seek to clear up questions that were keeping some investors from using the tax incentives. President Donald Trump, speaking at a White House conference to promote the program, said governors in all 50 states and U.S. territories had designated 8,700 neighborhoods as Opportunity Zones, making these economically depressed areas eligible to be used for the federal tax incentives. The program was included in the $1.5 trillion tax cut legislation that Trump pushed through Congress in 2017. The new Opportunity Zones were set up to enable private investors to re-invest profits into designated areas. The investor can get a tax benefit by deferring their capital gains taxes invested in the zones until 2026. They also get a discount of up to 15% on the capital gains profits invested in the zones and pay no capital gains taxes on investments in the zones held for at least 10 years. However, the government found that use of these benefits was being limited because of concerns over how the tax rules would be interpreted. The proposed regulations unveiled Wednesday are designed to clear up the confusion.”

Associated PRess, “Trump Administration Seeks to Boost Opportunity Zones,” The New York Times online, April 17, 2019

23,939. 4/12/2019

DEMS/HOUSE OF REPS/LEGAL/TREASURY/TRUMP TAXES/TRUMP BUSINESS: “The chairman of the House oversight committee said Friday [4-12-19] he intends to subpoena President Donald Trump’s accountant for his financial records. Rep. Elijah Cummings, D-Md., told committee members in a letter that Mazars USA wouldn’t turn over records for Trump, his company and related entities without a subpoena. Cummings said he expected to issue the subpoena Monday for statements of financial condition, independent auditor’s reports, annual statements and other documents spanning from 2011 to 2018. Mazars said it ‘will respect the legal process and fully comply with its legal obligations.’ The firm said it does not comment to the media about its work for clients. A message seeking comment was left with Trump’s company, the Trump Organization. Cummings’ announcement that he intends to subpoena Trump’s financial records came two days after the Treasury Department missed a deadline to deliver Trump’s tax returns to the House Ways and Means Committee chairman. Treasury Secretary Steven Mnuchin told that committee’s chairman, Richard Neal, D-Mass., in a letter Wednesday that the department hasn’t decided whether to comply. Neal asked for Trump’s returns a week ago.”

Associated Press, “House Oversight Chairman to Subpoena Trump’s Accountant,” The New York Times online, April 12, 2019