SBA extends deadline to return small business relief loans for second time
The Treasury Department and Small Business Administration had initially set May 7 as the date for firms that should not have tapped the Paycheck Protection Program to return the money.
Jobs lost during coronavirus will return as US economy reopens: Mnuchin
Treasury Secretary Steven Mnuchin assured FOX News' Martha MacCallum on Wednesday that the jobs lost due to the coronavirus pandemic will be recreated once the economy is reopened.
President Trump 'not interested' in renegotiating Phase One China trade deal
President Trump said on Monday that he has no interest in renegotiating Phase One of the China trade deal following media reports out of Beijing.
Unemployment numbers to get worse, 'could be' 25%: Mnuchin
The U.S. unemployment rate will get worse before it gets better, Treasury Secretary Steven Mnuchin said Sunday.
Trump on future China trade deal: 'I have not decided yet'
The president said he has yet to make a decision on the future of a trade deal between the two nations.
Mnuchin backs IRS on coronavirus PPP loan tax break denial, ‘basically tax 101’
The decision has received pushback from lawmakers, who have said it is not what Congress intended when crafting the legislation.
Treasury launches 20-year bond to help fund record borrowing
The department is borrowing a record $2.99 trillion to absorb the shock of the coronavirus pandemic
Coronavirus pushes US borrowing to record $2.99T
The coronavirus is taking a human and financial toll on America.
Mnuchin says Trump 'absolutely prepared' to provide more coronavirus relief money if needed
Mnuchin said the Trump administration wants to see the economic impact of existing stimulus measures first.
Private schools that tapped coronavirus small business relief fund should return aid, Mnuchin says
Congress created the Paycheck Protection Program last month as part of the massive stimulus package for businesses with fewer than 500 workers.
Fed Chair Powell ready to toss small businesses another lifeline
Powell explains why the "Main Street Lending" program is critical to small businesses.
Small business rescue loans over $2M will be audited before forgiveness, Mnuchin says
The loan program, which resumed Monday morning, exhausted its initial $349 billion in funding within 13 days.
Stock futures rise with coronavirus small business funding and 3M, Apple and Amazon earnings in focus
3M, Apple and Amazon will dominate the week's earnings.
Coronavirus decimates energy industry, now US mulls taking stakes in companies: Mnuchin
The Treasury Secretary has added the energy industry to his fix list.
Hedge funds, private equity firms are not eligible for small business rescue loans, SBA says
There’s been a fierce backlash against the program after the initial $349 billion in funding was depleted within two weeks
As oil piles up, producers look to supertankers for storage
The underlying problem for the industry is the misalignment of supply and demand. The coronavirus pandemic has wiped out consumer need for oil.
Public companies tapping small-business loans may not have met necessary certifications, Mnuchin says
At least 75 publicly traded companies -- some with market values well over $100 million -- tapped the government-backed Paycheck Protection Program.
Oil’s melee on Treasury’s radar, Mnuchin tasked with fix
Oil's collapse is now on the Treasury Dept.'s radar.
Mnuchin, Democrats near coronavirus small business loan deal worth $370B
The $350 billion approved by Congress in late March evaporated in less than two weeks.
Airlines, Treasury reach deal on $25B coronavirus relief package
US airlines, decimated from the coronavirus slowdown, have a lifeline from the Treasury Dept.