Steven Terner Mnuchin is an American investment banker who is serving as the 77th United States Secretary of the Treasury as part of the Cabinet of Donald Trump. Previously, Mnuchin had been a hedge fund manager.
Delta Airlines applied for relief under the recently passed $2 trillion CARES Act and is braced for a second-quarter in which revenue is expected to fall 90 per cent, Chief Executive Ed Bastian said in a memo to employees.
(IANS) Displaying uncharacteristic political solidarity, the US Congress has voted the largest ever economic stimulus package worth about $2 trillion to rescue the nation from the clutches of the Covid-19 pandemic.
As Iran struggles to battle the spread of COVID-19, the United States on Thursday heaped more economic pressure on the country by slapping a fresh round of sanctions on more than a dozen Iranian individuals and five companies.
The US Senate has failed to pass a key procedural vote to move forward with a huge stimulus package, thus throwing into doubt whether bipartisan agreement could quickly be found on the measure to provide relief to businesses and families amid the coronavirus pandemic in the country.
The US Internal Revenue Service (IRS) is extending the federal income tax filing deadline to July 15 as part of the efforts to minimise the economic impact of the coronavirus pandemic, Treasury Secretary Steven Mnuchin announced.
Wall Street's three main stock indexes ended higher, lifted by gains in energy and technology shares.
The US has imposed fresh Iran-related sanctions to further pressure Tehran while the Middle Eastern country is suffering from the COVID-19 outbreak.
US equities ended volatile session sharply lower as panic selling continued on Wall Street amid COVID-19 fears.
Signalling dire economic prospects, the bellwether stock market index has surrendered almost all of the strong gains it had made since US President Donald Trump took office even as he signed into law a bipartisan relief package estimated at $100 billion passed by Congress to support the economy.
The deadly coronavirus (COVID-19) pandemic has now hit all 50 states in the US. With West Virginia reporting its first case of infection on Tuesday, Governor Jim Justice said, "We knew this was coming."