Tag: US Treasury

Senator Menendez: “3.3 Million Small Businesses Have Closed” and “1.1 Million Local and State Employees Have Lost their Jobs” as a Result of Pandemic

Tina Marie (Ms. Cat)

Senator Menendez: “3.3 Million Small Businesses Have Closed” and “1.1 Million Local and State Employees Have Lost their Jobs” as a Result of Pandemic

Trump Issued an Executive Memorandum Giving Mnuchin a $50 Billion Slush Fund; Mnuchin Gave Himself $386 Billion More

Tina Marie (Ms. Cat)

Trump Issued an Executive Memorandum Giving Mnuchin a $50 Billion Slush Fund; Mnuchin Gave Himself $386 Billion More

Five days before Congress passed the CARES Act on March 25 of this year, President Donald Trump issued an Executive Memorandum giving U.S. Treasury Secretary Steve Mnuchin complete discretion to use $50 billion in the Treasury’s Exchange Stabilization Fund (ESF) as Mnuchin solely saw fit. The Memorandum was dated Friday, March 20. On the prior Tuesday and Wednesday of that same week, Mnuchin had already used $20 billion of the Exchange Stabilization Fund to bail out Wall Street. As Mnuchin’s letter of November 19 to Fed Chair Jerome Powell confirms, he gave (or committed) $10 billion from the ESF to the Fed’s Commercial Paper Funding Facility on March 17 and another $10 billion to another Fed emergency lending program, the Money Market Mutual Fund Liquidity Facility, on March 18.

Appeals court schedules Dec. 14 hearing on blocked U.S. TikTok new user ban

Tina Marie (Ms. Cat)

Appeals court schedules Dec. 14 hearing on blocked U.S. TikTok new user ban

A federal appeals court said on Wednesday it will hear oral arguments on Dec. 14 on the government’s appeal of an order that blocked a ban on Apple Inc and Alphabet’s Google offering TikTok for download in U.S. app stores.

Reuters politicizing it by pointing out that three of the judges “were nominated by previous Democratic presidents.”

Trump makes $1.8 trillion economic relief offer, but deal with Pelosi remains elusive

Tina Marie (Ms. Cat)

Trump makes $1.8 trillion economic relief offer, but deal with Pelosi remains elusive

“Until we get liability protection and spending under control I don’t think a lot of conservatives will be real excited to vote for another stimulus package,” Comer said in an interview.

They’ve already bailed out the big corporations, so they’re not interested in helping out us plebs, anymore! Big execs are probably dining on lobster while us plebs are starving!