Steve mnuchin

Mnuchin said he hoped the next stimulus bill has the "overwhelming bipartisan support" that the CARES Act had.

The Treasury Department reported that the national deficit jumped by $738 billion last month.

Steven Mnuchin called on California to make it possible for Tesla to reopen "quickly and safely" after CEO Elon Musk threatened to move its headquarters out of state.

"My numbers aren't rosy," the treasury secretary responded.

"It has come to our attention that some private schools with significant endowments have taken #PPP loans," Mnuchin wrote on Twitter, "They should return them."

Treasury Secretary Steve Mnuchin offered a more optimistic assessment, saying that the economy would "really bounce back in July and August."

Mnuchin said he is expecting a "big rebound" in the U.S. economy in the coming months, citing both the slow reopening of businesses and the $2 trillion stimulus relief money being dispensed to individuals and businesses alike.

"Our country's highest priority must be to address this public health crisis, providing care for the ill and limiting the further spread of the virus," Federal Reserve Chairman Jerome Powell said in a statement.

Prior to the pandemic, the U.S. was already expecting a budget deficit of about $1 trillion for the current fiscal year.

Steve Mnuchin laid out how Americans are likely set to receive more than $2 trillion in economic stimulus funds that the federal government is dispersing as a "bridge to get through" coronavirus shutdowns.

"Even the big moves that we're seeing right now in Congress are not going to be enough," Kevin Hassett told CNN.

The unemployment website in New York has been crashing, while unemployment claims in Ohio have already surged 14 times higher than last week.

"We need to provide our families with support right now. We have no time to waste," Congressman Joe Kennedy III tweeted on Wednesday.

The actress and wife of the U.S. treasury secretary posted an Instagram supporting the teenage climate activist.

The treasury secretary also told a London event that the U.S. is "prepared to dedicate a lot of resources" to a U.K. trade deal.

The 2019 U.S. federal deficit increased 26 percent over 2018 and has more than doubled since 2015, the Treasury Department said Friday.

"The president has gotten nothing in terms of the big ticket items," Maria Bartiromo said.

"The president of Ukraine said he was surprised to get an additional $140 million dollars," Todd said. "He said it was a pleasant surprise but that he was surprised."

Ahead of Thursday night's Democratic debate where the economy will likely be a major focal point, Treasury Secretary Steve Mnuchin singled out 2020 Democratic hopeful and Massachusetts Senator Elizabeth Warren.

"Growth of business investment dropped from 9 percent last year to 1.4 percent now," Chris Wallace said.

"The president just went on and clarified his comments," Mnuchin said. "I think he speaks for himself on that."

Louise Linton and U.S. Treasury Secretary Steve Mnuchin were ridiculed over a lavish series of pictures showing the couple lounging poolside in Los Angeles over the July 4 holiday.

She also described how Mike Pompeo is "great fun."

The redesigned bill was supposed to be unveiled next year but has been delayed until 2028.

House Financial Services Committee Chair Maxine Waters said: "Please don't instruct me on how I'm supposed to conduct this committee."

"The Treasury Department seems to be doing its damnedest to help a Russian oligarch by relieving sanctions, hiding the evidence and duping the Senate in the process," John Avlon said.

Treasury Secretary Steve Mnuchin said the banking chiefs told him "they have ample liquidity for lending to consumer, business markets and all other market operations."

Puerto Rico's governor and the secretary of state announced a deal that will speed up the process of giving the island federal disaster loans to help the U.S. territory rebuild.

The president made the comments on Saturday night.

"This is politics of fascism," one protester can be heard shouting at Steven Mnuchin, before being led away by police.