Trump picks Wall Street investor Howard Lutnick as Commerce Secretary
President-elect Trump picked Lutnick, the CEO of investment bank Cantor Fitzgerald, to be his next Commerce Secretary.
Treasury secretary
Here's what could happen in markets if the U.S. defaults. Hint: It won't be pretty
Investors are still hopeful that lawmakers will clinch a deal to raise or suspend the debt ceiling. That's because failure to do so could have devastating consequences in markets.
U.S. hits its debt limit and now risks defaulting on its bills
The U.S. is undertaking "extraordinary" measures to avoid defaulting on its obligations after the country reached its debt limit on Thursday. Now, a big political fight looms.
Janet Yellen Confirmed By Senate, Making History As First Female Treasury Secretary
Janet Yellen was confirmed by the Senate to serve as Treasury secretary. She'll be the first woman to hold that post and will lead the Biden administration's efforts to address the pandemic recession.
Biden Picks Janet Yellen To Be Treasury Secretary In Historic Appointment
Joe Biden plans to nominate the former Federal Reserve chair as his Treasury secretary. She would play a leading role in helping the economy recover from the pandemic.
Mnuchin Says He Has 'Not Yet' Reviewed Memo Mandating IRS Turn Over Trump Tax Returns
The Treasury secretary has refused to comply with a House subpoena from a committee chairman requesting that the agency turn over Trump's tax returns.
Harriet Tubman On The $20 Bill? Not During The Trump Administration
Treasury Secretary Steven Mnuchin ruled out any changes to the U.S. currency imagery before 2028.
Senator: Treasury Secretary's Plug For 'Lego Batman' May Be Ethical Violation
Last week, Stephen Mnuchin told a crowd he couldn't legally promote movies he helped fund, then recommended one. His audience laughed. The ranking senator on the Senate Finance Committee isn't amused.
Trump's Potential Treasury Secretary Headed A 'Foreclosure Machine'
During the financial crisis Steve Mnuchin was working to make profits from the ruins of the housing bust. He assembled investors who bought IndyMac, a failed bank that had been taken over by the FDIC.
Critics Wonder Whether Pennies Make Sense Anymore
Treasury Secretary Jack Lew says the government is reviewing a proposal to stop making the penny. It actually costs nearly 2 cents to make a penny, so the government loses money.