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Steven Mnuchin wrote to the chairman of the House Ways and Means Committee that he needs more time to consult with the Justice Department because of the "unprecedented nature of this request."
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Democrats point to a 1924 law that allows Congress to request the tax returns of any taxpayer. But Trump and his defenders say the president's returns are private and can't be reviewed by Congress.
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The Dow Jones Industrial Average on Monday fell 2.9 percent to 21,792.20 — its worst Christmas Eve performance. It Broke the 1918 record. U.S. stocks are on track for their worst year since 2008.
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Linton, an actress and the wife of Treasury Secretary Steven Mnuchin, touched off an Internet firestorm with a condescending Tuesday Instagram post.
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Dressed in more than $16,000 worth of clothes and accessories in the photo, Louise Linton, a Scottish actress married to Steven Mnuchin, had ridiculed an Instagram follower for being "out of touch."
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One hurdle for President Trump's proposed tax cuts is the threat that they'll produce large budget deficits and balloon the U.S. debt. Prominent Republicans are already expressing great concern.
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Last week, Stephen Mnuchin told a crowd he couldn't legally promote movies he helped fund, then recommended one. His audience laughed. The ranking senator on the Senate Finance Committee isn't amused.
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Mnuchin is a hedge fund CEO and longtime Wall Street banker. His involvement in the spike in foreclosures following the housing market's crash could complicate his confirmation.
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During the financial crisis Steve Mnuchin was working to make profits from the ruins of the housing bust. He assembled investors who bought IndyMac, a failed bank that had been taken over by the FDIC.