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Also see: Debt; campaign finance; wealth (Trump); Steve Mnuchin;
Jump to: 2018; 2019;
Undated: United States Department of the Treasury ...
Undated: United States Department of the Treasury ... The Department of the Treasury (USDT)[2] is an executive department and the treasury of the United States federal government. Established by an Act of Congress in 1789 to manage government revenue,[3] the Treasury prints all paper currency and mints all coins in circulation through the Bureau of Engraving and Printing and the United States Mint, respectively; collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy.[citation needed]
The Department is administered by the Secretary of the Treasury, who is a member of the Cabinet. Senior advisor to the Secretary is the Treasurer of the United States.[4] Signatures of both officials appear on all Federal Reserve notes.[5]
The first Secretary of the Treasury was Alexander Hamilton, sworn into office on September 11, 1789.[6] Hamilton was appointed by President George Washington on the recommendation of Robert Morris, Washington's first choice for the position, who had declined the appointment.[7] Hamilton established—almost singlehandedly—the nation's early financial system[8] and for several years was a major presence in Washington's administration.[citation needed] His portrait appears on the obverse of the ten-dollar bill, while the Treasury Department building is depicted on the reverse.[9]
The current Secretary of the Treasury is Steven Mnuchin, who was confirmed by the United States Senate on February 13, 2017.[10] Jovita Carranza, appointed on April 28, 2017, is the incumbent treasurer.[11]
https://en.wikipedia.org/wiki/United_States_Department_of_the_Treasury
-- 2018 --
February 17: How Trump is using campaign donations to enrich himself
https://www.dailydot.com/layer8/trump-2020-campaign-donations/
March 9: The Trump Organization has donated $151,470 in foreign government profits at its hotels and similar businesses last year to the U.S. Treasury, an executive said in a statement Friday.
George Sorial, the executive vice president and chief compliance counsel, said the Feb. 22 voluntary donation fulfills the company's pledge to donate profits from foreign government patronage while Donald Trump is president. https://www.nbcnews.com/politics/donald-trump/trump-org-says-it-donated-151-470-hotel-profits-gov-n855331
March 27: The US needs to borrow almost $300 billion this week ... in the middle of a fight with its biggest creditor.
The United States plans to sell about $294 billion of debt, according to the Treasury Department. That's the highest for a week since the record set during the 2008 financial crisis.
Federal revenue is declining because of President Trump's tax cuts, so the government needs to borrow more to make ends meet. At the same time, Washington's borrowing costs have climbed rapidly in recent months.
http://money.cnn.com/2018/03/27/investing/us-debt-sale-record-treasury/index.html
April 11: Bank of America stops financing for makers of 'military style' rifles
Remington, Vista Outdoor and Sturm Ruger are three clients affected by the decision, CNBC reported.
https://www.nbcnews.com/news/us-news/bank-america-stops-financing-makers-military-style-rifles-n865106
May 9: Michael Cohen accuses Stormy Daniels' lawyer [Michael Avenatti] of publishing information about the wrong Michael Cohen
Avenatti shot back Wednesday night on Twitter, saying, "They fail to address, let alone contradict, 99% of the statements in what we released. Among other things, they effectively concede the receipt of the $500,000 from those with Russian ties."
https://www.cnn.com/2018/05/09/politics/michael-cohen-avenatti-false-information/index.html
May 16: President Donald Trump acknowledged for the first time that he repaid his lawyer Michael Cohen more than $100,000 for expenses Cohen incurred during the 2016 presidential election, according to a financial disclosure form released Wednesday.
The document did not explicitly state what the payments were for. But Trump's lawyers have previously said that Trump reimbursed Cohen for the $130,000 hush money payment he made to porn star Stormy Daniels.
https://www.cnn.com/2018/05/16/politics/trump-financial-disclosure-report/index.html
July 11: Tower of secrets: the Russian money behind a Donald Trump skyscraper
The Trump Toronto reveals the links between a shadowy world of post-Soviet money and a future president
https://www.ft.com/trumptoronto
July 26: Trump Exposes the Holes in Campaign-Finance Laws - The Atlantic
Some of the acts documented by the Cohen tape may prove difficult to prosecute—but in other crucial ways, it’s devastating for the president’s defense.
https://www.theatlantic.com/ideas/archive/2018/07/did-trump-break-campaign-finance-laws/566180/
August 21: Cohen Says He Broke Campaign Finance Laws on Trump's Orders
https://www.bloomberg.com/news/articles/2018-08-21/cohen-says-he-broke-campaign-finance-laws-on-trump-s-orders
August 23: Trump appears to have a misunderstanding of campaign-finance law, and may have inadvertently admitted to breaking the law as a result
https://www.businessinsider.com/trump-misunderstands-campaign-finance-law-fox-interview-2018-8
August 24: The Trump Organization's finance boss, Allen Weisselberg, has reportedly been granted legal immunity in the probe into Michael Cohen.
He was summoned to testify earlier this year in the investigation into Cohen, Donald Trump's longtime former lawyer, US media report.
Cohen pleaded guilty on Tuesday to handling hush money for Mr Trump in violation of campaign finance laws.
Mr Weisselberg, Chief Financial Officer, is the latest to get immunity.
https://www.bbc.com/news/world-us-canada-45301884
September 7: Trump Executives Face U.S. Campaign-Finance Probe
https://www.bloomberg.com/news/articles/2018-09-07/trump-executives-are-said-to-face-campaign-finance-probe-by-u-s
October 2: How Trump Is Trying—And Failing—To Get Rich Off His Presidency
https://www.forbes.com/sites/danalexander/2018/10/02/how-trump-is-tryingand-failingto-get-rich-off-his-presidency/#568f0f4e3b1a
November 5: Yahoo Finance is tracking the performance of the economy under President Donald Trump, compared with six prior presidents going back to Jimmy Carter. We’ve chosen six key economic indicators that directly affect the well-being of ordinary Americans, with data provided by Moody's Analytics. Know more about our methodology, and click on the article below to read the latest update. Overall grade: B+
https://finance.yahoo.com/trumponomics/
November 9: The increasing evidence suggesting Trump violated campaign-finance law
https://www.washingtonpost.com/politics/2018/11/09/evidence-trumps-involvement-campaign-finance-violation-just-got-stronger/?noredirect=on&utm_term=.a7ea07f6e7fc
November 9: A new report says Trump was directly involved in campaign finance crimes
Michael Cohen pleaded guilty to two campaign violations. The Wall Street Journal reports Trump was involved in both.
https://www.vox.com/2018/11/9/18079754/trump-cohen-hush-money-mcdougal-stormy-daniels
December 17: Law enforcement, congressional, and media investigations over the last two years have revealed that Kremlin-linked actors paid considerable sums of money to support Trump and curry his favor. A Russian organization allegedly controlled by an oligarch [Oleg Deripaska] close to Putin spent more than $1 million a month just on social media campaigns favoring Trump, according to the special counsel.6 A Russian American energy tycoon—who boasted to a Kremlin official in July 2016 of being “actively involved in Trump’s election campaign”—donated hundreds of thousands of dollars to the Trump Victory fund.7 And a company affiliated with a sanctioned Russian oligarch paid $1 million to Michael Cohen, then Trump’s personal lawyer, for unspecified services after the election.8 These and other transactions examined throughout the report establish that, during the campaign and presidential transition, Trump had several compromising financial entanglements with actors representing a hostile foreign power.
https://www.americanprogress.org/issues/democracy/reports/2018/12/17/464235/following-the-money/
December 29: Paul Manafort pressured by Russians to pay back debt while Trump’s campaign chair, Time magazine says
https://fox2now.com/2018/12/29/paul-manafort-pressured-by-russians-to-pay-back-debt-while-trumps-campaign-chair-time-magazine-says/
-- 2019 --
January 23: Taxing the wealthy, increasing domestic spending favored by voters: Fox News Poll
https://www.foxbusiness.com/politics/taxing-the-wealthy-increasing-domestic-spending-favored-by-voters-fox-news-poll
January 29: These are Mitch McConnell’s nefarious links to Putin, Russian oligarch Oleg Deripaska and Russian companies
There always seems to be more to the story when it comes to Trump and Russia, and this time it involves Senate Leader Mitch McConnell.
Monday evening brought a new twist in that one of Mitch McConnell’s major donors, Len Blavatnik, who is tied to Vladimir Putin and all kinds of Russian oligarchs, benefited when Trump and McConnell lifted Russian sanctions on Sunday.
https://www.alternet.org/2019/01/these-are-mitch-mcconnells-nefarious-linked-to-putin-russian-oligarch-oleg-deripaska-and-russian-companies/
February 11: Mnuchin's team dwindles amid exodus from Treasury
President Donald Trump's Treasury Department is increasingly short-handed these days.
The massive agency, which oversees everything from the nation’s debt to international sanctions, is supposed to have 16 top officials in the core of the department who have been vetted by the Senate. It could soon have as few as six.
The international affairs division — which conducts negotiations with other countries, polices foreign investment for potential national security risks and represents the U.S. on the world stage — soon might not have a single Senate-confirmed official.
Other units in the main part of Treasury — which doesn't include bureaus such as the Internal Revenue Service or the U.S. Mint — are suffering from a similar exodus.
Sarah Bloom-Raskin, who served as deputy Treasury secretary under President Barack Obama, said the departure of political appointees and career staff means there are fewer perspectives and less expertise involved in policy making.
“When you don’t have people, and you don’t have leadership in any of these roles, you’re losing major perspective,” she said. “You’re just Xing out big aspects of how a question might get answered. Maybe you’ll get it right regardless, but chances are you’re going to get it wrong.”
https://www.politico.com/story/2019/02/11/mnuchin-treasury-department-staffing-1159065
February 15: White House: Wall funds would be ‘back-filled’ in 2020 budget request
Trump will take money from Pentagon and Treasury that would bring total wall funding to $8 billion
That means U.S. taxpayers would pay for every penny of the wall in fiscal 2019 — even though Trump long promised that Mexico would pay for it.
https://www.rollcall.com/news/congress/trumps-executive-order-will-tap-8-billion-in-pentagon-treasury-funds-for-wall-source-says
February 15: IRS refund frenzy: Democrats blast Trump Treasury for 'goosing' paychecks
While some Americans are frustrated with the size of their refunds this tax season, a number of Democratic lawmakers are using the opportunity to criticize the Trump administration’s tax law.
A group of about 40 Democratic senators sent a letter to the administration on Friday, calling for the Internal Revenue Service (IRS) to waive penalties on taxpayers that had their payments underwithheld this year as a result of the tax reform law and the adjusted withholding tables.
“It looks like the Trump Treasury Department spent 2018, an election year, goosing people’s paychecks by under-withholding, and it should have been obvious that the bill would come due eventually,” Senate Finance Committee Ranking Member Ron Wyden, D-Ore., said in a statement.
Senate Minority Leader Chuck Schumer, D-N.Y., blasted the administration for the resulting refund amounts.
https://finance.yahoo.com/news/irs-refund-frenzy-democrats-blast-203505443.html
February 25: Trump Organization Says It Gave $200,000 Profits From Foreign Government to the U.S. Treasury
http://time.com/5537202/trump-organization-treasury/
February 28: Cohen said Trump inflated his wealth as an ego booster, but it may have been a crime
https://www.cnn.com/2019/02/28/politics/cohen-trump-wealth-inflation/index.html
March 7: Trump Treasury Backtracks On Lump-Sum Pension Rules Meant To Protect Retirees
https://www.forbes.com/sites/ashleaebeling/2019/03/07/trump-treasury-backtracks-on-lump-sum-pension-rules-meant-to-protect-retirees/#febb28068ed2
March 14: Treasury Secretary Steven Mnuchin suggested Thursday he will protect President Donald Trump’s privacy if he receives a request from House Democrats for Trump’s tax returns.
At a House Ways and Means Committee hearing, Mnuchin was asked whether he would meet a request for Trump’s past tax returns. Chairman Rep. Richard Neal, D-Mass., is expected to formally ask for those as Democrats seek to shed light on Trump’s financial dealings and potential conflicts of interest.
“We will examine the request and we will follow the law … and we will protect the president as we would protect any taxpayer” regarding their right to privacy, Mnuchin said.
Neal is one of only three congressional officials authorized under a rarely used 1924 law to make a written request for anyone’s tax returns to the Treasury secretary. The law says the Treasury chief “shall furnish” the requested material to members of the committee for them to examine behind closed doors. But Mnuchin did not specifically say he would turn them over.
https://www.usatoday.com/story/news/politics/2019/03/14/steven-mnuchin-tells-congress-hell-protect-president-trumps-tax-returns/3169417002/
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