Treasury Secretary Steven Mnuchin has found himself in the hot seat, and if he doesn’t handle things properly he may also find himself in jail. Last week House Ways and Means Committee Chairman Richard Neal (D-Mass.) sent a letter to the IRS requesting six years of Trump’s personal and business returns. He asked the IRS…
Donald Trump’s Treasury secretary is seeking to calm stock market investors. They are nervous due to the chaos in Washington that has been caused by his boss. The president shut down key parts of the government, fired the Defense Secretary, and withdrew U.S. troops from Syria without consulting anyone. And then he threatened to fire…
U.S. Treasury Secretary Steven Mnuchin on Thursday admitted that trade talks with China had “broken down” while China was calling the United States the “enemy of all” because of Donald Trump’s trade policies. “As the trade war continues between China and the United States, Steven Mnuchin said talks with Beijing had “broken down” and suggested…
The U.S. Treasury Department on Monday slapped new sanctions on Russia, including five business entities and three individuals. In announcing the sanctions, the Treasury Department said the individuals and businesses had worked hand-in-hand with Russian military and intelligence services in conducting cyberattacks against the United States. One of the businesses involved is controlled by Russia’s…
Groupthink, a term coined by social psychologist Irving Janis in 1972, occurs when a group makes faulty decisions leading to a “deterioration of mental efficiency, reality testing, and moral judgement.” Key characteristics of this phenomenon are: excessive optimism coupled with the encouragement of taking greater risks, collective rationalization as members of the group discount warnings,…
U.S. Treasury Secretary Steven Mnuchin said on Sunday he does not regret using a government plane to travel to Kentucky in August with his wife to view the solar eclipse and speak to business leaders, calling it “completely justifiable.”