Steven Mnuchin
US Secretary of the Treasury from 2017 to 2021
Follow Steven Mnuchin on Notably News to receive short updates to your email — rarely!
March 14 2024 | Announced plans to assemble a group of investors to purchase TikTok, citing concerns about foreign ownership and stating that U.S. businesses should own the platform. |
March 6 2024 | Led a group of investors including Hudson Bay and Reverence Capital to invest over $1B in NYCB, becoming a board member of the bank during a period of significant financial challenges. |
2022 | Lawsuit against Mnuchin and other former Sears Holdings management ended with a $175 million settlement in favor of the company's estate. |
January 6 2021 | Following the Capitol riot, Steven Mnuchin was involved in discussions among cabinet officials about potentially invoking the 25th Amendment to remove Donald Trump from office. |
2020 | Established Liberty Strategic Capital investment fund after Donald Trump's election loss, securing investments from Saudi, Emirati, and Qatari sovereign wealth funds. |
December 2020 | Mnuchin announced the conclusion of several emergency lending programs established by the Federal Reserve during the COVID-19 pandemic, sparking controversy about potential economic impact. |
March 2020 | During the COVID-19 pandemic, Mnuchin played a key role in implementing economic relief packages, including the CARES Act which provided significant financial support to businesses and individuals. |
February 2020 | Mnuchin advised that dam final testing and filling should not proceed without an agreement, which was criticized by Ethiopian Foreign Minister Gedu Andargachew as 'ill-advised'. |
January 2020 | Steven Mnuchin publicly dismissed environmental activist Greta Thunberg, suggesting she should study economics before commenting on policy, which sparked a response from economists who had previously signed a letter advocating for carbon dioxide emissions taxation. |
November 2019 | Mnuchin began facilitating negotiations between Egypt, Ethiopia, and Sudan regarding the Grand Ethiopian Renaissance Dam, after eight years of stalled tripartite talks. |
2018 | Sears Holdings filed for bankruptcy, leading to a subsequent lawsuit against former management including Mnuchin for alleged 'asset stripping'. |
August 2018 | Mnuchin attended a Milken Institute conference on 'opportunity zones' in the Hamptons and subsequently accepted a flight to Los Angeles on Michael Milken's private jet. |
July 27 2018 | Met with Turkish Minister of Treasury and Finance Berat Albayrak at the G20 Finance Ministers and Central Bank Governors Meeting in Argentina to discuss economic cooperation and strategic partnership between the United States and Turkey. |
May 2018 | Mnuchin instructed staff to accept a non-low-income tract in Storey County, Nevada, as an Opportunity Zone after attending a Milken Institute event. |
March 15 2018 | Mnuchin unveiled sanctions against various Russian entities and individuals, marking the first time sanctions were implemented under CAATSA and Executive Order 13694. |
February 26 2018 | Mnuchin spoke at the University of California, Los Angeles and was involved in a student heckling incident, initially attempting to block the video of the event from being released before later consenting to its publication. |
2017 | Executive produced films including 'The Lego Batman Movie', 'Wonder Woman', 'King Arthur: Legend of the Sword', and 'The Disaster Artist' |
2017 | A leaked internal memo from the California attorney general's office revealed over a thousand violations of foreclosure law by OneWest during Mnuchin's tenure, though prosecutor Kamala Harris declined to file a civil enforcement suit. |
November 30 2017 | Treasury department sources revealed that Mnuchin had not ordered an analysis of the tax plan to prove it would pay for itself through economic growth. |
October 2017 | The OIG opened a second inquiry due to inconsistencies in records for Mnuchin's New York trip, to ensure all relevant records were received. |
October 4 2017 | The Treasury Department's Office of the Inspector General (OIG) released a report on Mnuchin's use of government aircraft, concluding there was 'no violation of law' but expressing concern about the justification of trip requests. |
September 2017 | Mnuchin walked back the 'Mnuchin Rule', stating it was never a firm promise but merely the president's objective. |
September 24 2017 | Mnuchin appeared on television shows 'This Week' and 'State of the Union' to defend President Trump's criticism of NFL players' national anthem protests, arguing that the protests were disrespectful to military and first responders, not about race or free speech. |
August 2017 | During the Unite the Right rally in Charlottesville, Virginia, several hundred of Mnuchin's Yale classmates drafted a letter urging him to resign from the administration in protest of President Trump's 'both sides' comments about neo-Nazi and Klan protesters. |
August 15 2017 | Mnuchin took a United States Air Force C-37A (Gulfstream V) from New York to Washington, with a flight duration of less than an hour and an operating cost of at least $25,000. |
July 13 2017 | Responding to reports about limited lifespans of Social Security and Medicaid, Mnuchin proposed focusing on strengthening the economy to make these programs sustainable, suggesting that compounding growth could help ease projected shortfalls. |
July 9 2017 | On ABC News, Mnuchin confirmed the administration was not considering a tax increase on the upper class and claimed the upcoming tax plan would finance itself. |
June 2017 | Mnuchin requested a military jet for his honeymoon travel to Europe, but ultimately withdrew the request after an alternative was identified. He claimed the request was due to needing secure communications as a National Security Council member. |
June 29 2017 | Mnuchin announced U.S. sanctions on the Bank of Dandong, a Chinese bank, charging it with acting as a gateway for North Korea to access U.S. and international financial systems. |
June 24 2017 | Married actress Louise Linton, with Vice President Mike Pence presiding over the ceremony. |
June 14 2017 | During a prepared testimony before the House subcommittee on State, Foreign Operations and Related Programs, Mnuchin stated that the Trump administration's budget proposal aims to send a message that international financial institutions need to operate more efficiently. |
June 12 2017 | As Treasury Secretary, Mnuchin denied that not raising the debt ceiling before the August recess would cease federal government operations and suggested Congress consider aligning debt ceiling with the budget process during a House appropriations subcommittee hearing. |
June 9 2017 | During a conference in Ottawa, Mnuchin commented that government tax receipts were 'coming in somewhat lower'. |
May 2017 | Louise Linton (Mnuchin's fiancée) resigned as interim CEO of Dune Entertainment after her appointment drew scrutiny from Senator Ron Wyden. |
May 1 2017 | At the Milken Institute Global Conference, Mnuchin stated that the White House and House Republicans were unified on 80% of tax reduction details. |
April 2017 | Mnuchin was part of a preliminary tax reform proposal by Trump that was critiqued for allocating significant tax relief to the wealthy. |
April 26 2017 | Steven Mnuchin briefed reporters, asserting that President Trump 'has no intention' to release his tax returns and has 'released plenty of information'. |
April 24 2017 | During a White House briefing, Mnuchin announced Treasury sanctions against the Syrian Scientific Studies and Research Center, aimed at creating accountability for the Bashar al-Assad regime's violations of U.N. Security Council resolutions and the Chemical Weapons Convention. |
March 2017 | Steven Mnuchin drew ethics concerns after endorsing The Lego Batman Movie during an Axios interview, despite being an executive producer. He later wrote a letter to the Office of Government Ethics acknowledging he should not have made the promotional statement. |
March 18 2017 | At the G-20 country finance ministers meeting, Mnuchin supported the Trump administration's economic protectionism trade policy. |
February 2017 | Steven Mnuchin stepped down from his role as CEO of Dune Entertainment as part of his ethics agreement in preparation for becoming Secretary of the Treasury. |
February 13 2017 | Confirmed by the U.S. Senate as Secretary of the Treasury with a vote of 53-47, becoming the 77th person to hold this position in the Trump administration. |
February 1 2017 | The Senate Finance Committee approved Mnuchin's nomination by a vote of 11-0, with all Democrats boycotting the vote. |
January 20 2017 | Steven Mnuchin was sworn in as the 77th United States Secretary of the Treasury during the Trump administration, serving until 2021. |
January 19 2017 | Mnuchin underwent his Senate confirmation hearing, where he was criticized by Democrats for OneWest's foreclosure practices and faced questions about undisclosed real estate and investment fund roles. |
2016 | Donated $4,000 to Democratic candidates Kamala Harris and Michael Wildes early in the year. |
2016 | Executive produced a diverse range of films including 'Batman v Superman: Dawn of Justice', 'Central Intelligence', 'Suicide Squad', and 'Sully' |
2016 | Produced the film 'Rules Don't Apply' |
2016 | Left the Sears Holdings board upon nomination as Treasury secretary. |
December 2 2016 | Resigned from the board of directors of CIT Group after being selected as nominee for Secretary of the Treasury. |
We are only showing the most recent entries for this topic. |
This contents of the box above is based on material from the Wikipedia article Steven Mnuchin, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.