"SBA is working to ensure that all eligible small businesses have access to this funding to sustain their businesses and keep their employees on payroll," Treasury Secretary Steven Mnuchin said in a joint statement.
"You're looking at something minus 20 to minus 30 in the second quarter," Kevin Hassett predicted.
"All eligible borrowers who need these funds should work with an approved lender to apply," read a joint statement from the U.S. Treasury Department and the Small Business Administration.
However, while the president singled out Harvard as an entity that should return the money, Harvard says the university received no funds from the Paycheck Protection Program, but rather through an allocation through the CARES Act.
"The notion that corporations incorporated under state law should be considered Tribal governments is shocking," said Tulalip Tribes Chairwoman Gobin in a Friday statement.
"My expectation is that we'll be opening it up based upon medical conditions," Mnuchin said. "So, obviously we'd like to open up as much GDP as we can, but my expectation is that places like New York are gonna take a little bit longer."
Treasury Secretary Steven Mnuchin may have made lots of money in Hollywood, but that doesn't mean he wants economic stimulus money going to the arts during the coronavirus crisis.
Parents of a British teenager killed by a U.S. diplomat's wife who claimed diplomatic immunity say President Trump offered them a check from the U.S. Treasury.
Treasury Secretary Steven Mnuchin delayed Obama-era plans to include Tubman, a former slave and hero of the abolitionist movement, until 2028 when President Donald Trump would be out of office due to "counterfeiting issues."
It's past time for Congress to hold Steven Mnuchin in contempt.
Mnuchin refused to hand over the financial documents for a third time earlier this week to Ways and Means Chairman Richard Neal.
"I have determined that the Committee's request lacks a legitimate legislative purpose, and… the Department is therefore not authorized to disclose the requested returns and return information," Treasury Secretary Steven Mnuchin said.
"He should be fired. Mnuchin failed to comply with ethics rules in financial disclosure."
U.S. stocks headed into the festive season on the back of a four-session losing streak.
"We can only project a couple of years into the future, but I think we're well on this path for several years, so I don't think this is a one- or two-year phenomenon," Steven Mnuchin said.
The U.S. government added three Russians and five companies said to be linked to Moscow's security forces.
Mnuchin's flights on military aircraft added up to nearly $1 million in taxpayer money as of March.
The Office of Inspector General said travel-cost justifications from the Treasury and White House needed "more detail and rigor."
New documents show Steve Mnuchin took eight military flights "with no apparent justification," says government ethics advocates.
"She has the appropriate access to brief the president" of South Korea, Treasury Secretary Steven Mnuchin said of Ivanka Trump.
The GOP's planned tax cuts might worsen national debt without generating sufficient jobs or economic growth.
The president will unveil economic plans Tuesday night with an address before Congress.
President-elect Donald Trump's pick to lead the Treasury was attacked for failing to promptly disclose he was a director of an offshore business vehicle domiciled in the Cayman Islands and owned more than $100 million in real estate.
If this presidency thing doesn't work out, perhaps Trump could join the sequel?