U.S. Deputy Treasury Secretary Justin Muzinich, an architect of the sweeping 2017 Republican tax cut, is under consideration to oversee a newly ...
U.S. Deputy Treasury Secretary Justin Muzinich, an architect of the sweeping 2017 Republican tax cut, is under consideration to oversee a newly created US$500 billion coronavirus rescue loan program for large companies, cities and states, two sources familiar with the agency's plans said.01 Apr 2020 03:50AMWASHINGTON: U.S.
The 2017 restructuring of the tax code cut U.S. corporate taxes from 35per cent to 21per cent, a shift that will push the 2020 federal budget deficit to more than US$1 trillion despite a strong economy, the non-partisan Congressional Budget Office reported in January, before the U.S. coronavirus outbreak.
The department is considering putting Michael Faulkender, its assistant secretary for economic policy, and Bimal Patel, the assistant secretary for financial institutions, in charge of a US$350 billion program to make forgivable payroll and overhead loans to small businesses hobbled by the pandemic.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump coronavirus guidance on keeping gun stores open draws criticismWASHINGTON: Gun control activists on Monday (Mar 30) criticised guidance issued by President Donald Trump's administration recommending that ...
Read more »
Trump says more than 1 million Americans have been tested for coronavirusWASHINGTON (REUTERS) - US President Donald Trump said on Monday (March 30) that more than 1 million Americans had been tested for coronavirus and urged people to continue to follow social distancing measures through April to prevent the virus from spreading.. Read more at straitstimes.com.
Read more »
Trump says coronavirus travel ban may extend to more countriesMr Trump said officials were beginning to see the 'impact' of the travel restrictions. The administration also struck agreements with the governments of Canada and Mexico to significantly scale back cross-border travel.. Read more at straitstimes.com.
Read more »
US, Russia agree to oil market talks as Trump calls price war 'crazy'WASHINGTON (REUTERS) - US President Donald Trump and Russian President Vladimir Putin agreed during a phone call on Monday (March 30) to have their top energy officials discuss slumping global oil markets, the Kremlin said, as Trump called Russia's price war with Saudi Arabia 'crazy.'. Read more at straitstimes.com.
Read more »
Trump says COVID-19 guidelines may get tougher; 1 million Americans testedUS President Donald Trump said on Monday (Mar 30) that federal social distancing guidelines might be toughened and travel restrictions with China ...
Read more »
Trump says New York mayor Andrew Cuomo would be a better candidate than BidenWASHINGTON (AFP) - US President Donald Trump said on Monday (March 30) that New York mayor Andrew Cuomo, whose popularity has surged thanks to his handling of the coronavirus outbreak in his city, would make a better candidate to run against him November's elections than Democratic front-runner Joe Biden.. Read more at straitstimes.com.
Read more »