Steven Mnuchin

Secretary of the Treasury Steven Mnuchin revealed the White House's proposed tax plan Wednesday. It could save President Donald Trump the annual earnings of 4,300 minimum wage workers. Savings estimates actually range between $35 million and $65 million, and because Trump hasn't released...

A proposed 15 percent corporate tax rate widely expected to be rolled out Wednesday by the White House is a case of talk translating to action, according to RSM US LLP Chief Economist Joe Brusuelas. A reduction of the corporate tax rate from 35 to 15 percent is the linchpin of President Donald...

After comments from newly-appointed Treasury Secretary Steven Mnuchin renewed investor optimism and lifted the share prices of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) in late 2016, investors have spent most of 2017 trying to identify the...

If there’s one thing Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) investors are used to these days, it’s waiting. A According to Congressional staffers, Fannie Mae and Freddie Mac investors will likely be waiting until at least...

Making ends meet has become increasingly tough for the United States, and as expenses burgeon, the government has no other recourse but to bank on borrowings to keep the show going. This brings up the question of whether the United States can keep on borrowing to meet the ever-widening budgetary...

Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) shareholders are hoping President Donald Trump and Treasury Secretary

The SPDR S&P 500 ETF Trust (NYSE: SPY) is up more than 10 percent since President Donald Trump won the election in November on optimism that Trump’s policies of corporate tax cuts and deregulation will create tailwinds for U.S. businesses. Trump has hired several current and former...

On Thursday morning, Treasury Secretary Steven Mnuchin had his first sit-down interviews with Fox Business (Twenty-First Century Fox Inc (NASDAQ: FOXA)) and CNBC since his confirmation. One of the hot-button topics that Mnuchin discussed is the fate of Federal National Mortgage Assctn Fnni Me (OTC...

For the first time as Treasury Secretary, Steven Mnuchin sat down for an interview with CNBC's Becky Quick Thursday. Mnuchin was asked if he views the stock market trading at a historical all-time high is a valid barometer of the administration's success. His answer was "absolutely," and the Trump...

Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and fellow government-sponsored enterprise (GSE) Federal Home Loan Mortgage Corp (OTC: FMCC) have both lost roughly a third of their market caps Tuesday following an appeals court ruling upholding a decision that hedge funds are not allowed to...

Federal Home Loan Mortgage Corp (OTC: FMCC) and Federal National Mortgage Assctn Fnni Me (OTC: FNMA) shares are each down more than 22 percent on Tuesday after an appeals court upheld a ruling that hedge funds may not sue to challenge the legality of two government-sponsored enterprises (GSEs) net...

A court rejection of a proposed $37 billion mega-merger between healthcare giants Aetna Inc (NYSE: AET) and Humana Inc (NYSE: HUM) and President Donald Trump’s critical commentary surrounding the proposed AT&T Inc. (NYSE: T) merger with Time Warner Inc (NYSE: TWX) may have investors...

America’s running on a skeleton crew. As President Donald Trump was sworn into office at noon Friday, he’d announced just 29 of 690 executive appointments, according to the nonprofit Partnership for Public Service. The Trump administration announced plans Thursday to keep 50 key Obama...

Shares of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) are down more than 3 percent on Thursday following comments by President-elect Donald Trump’s Treasury Secretary nominee Steven Mnuchin. Mnuchin lit a fire under the two stocks back...

Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) have seen their shares rally nicely post the election of Donald Trump, more than doubling from the $1.5 levels they traded before the elections. Fannie, Freddie On The Move The shares of...