Tag: Trump

Mnuchin: Trump ‘Absolutely Prepared’ to Back More Stimulus Money

President Donald Trump is “absolutely prepared” to back more stimulus money to restore the economy after it was crippled by the coronavirus pandemic, Treasury Secretary Steven Mnuchin said Monday.

“We have put $3 trillion out,” Mnuchin told Fox Business’ Maria Bartiromo. “If we need to put more money out to support American businesses, American workers, the president is absolutely prepared to do that.”

Conversations have started on a bipartisan basis on another phase of coronavirus stimulus financing, as everything that has been done so far has been accomplished with “overwhelming bipartisan support,” said Mnuchin.

To date, four packages have been approved by Congress, including the $2.2 trillion CARES Act that was signed at the end of March, including the $349 billion Paycheck Protection Program. 

“Working with Congress we were able to get $3 trillion that we are pumping into the economy,” said Mnuchin. “As it relates to states, part of

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Harvard to Pay Back Coronavirus Stimulus Money, Trump Says

Harvard University plans to repay the federal government money it received as part of a stimulus package to help small businesses struggling with coronavirus lockdowns, U.S. President Donald Trump said on Tuesday, after the funding for the university drew fire.

Speaking at a daily briefing at the White House, Trump also said 20 states were moving ahead quickly to reopen following the lockdown. 

On the subject of the loans, Harvard reportedly nettled nearly $9 million in aid through the Paycheck Protection Program.

“Harvard’s going to pay back the money, they shouldn’t be taking it,” Trump said. “They have one of the largest endowments anywhere in the country, maybe the world I guess, and they’re going to pay back that money.”

He added that some large companies, unnamed in his briefing, would also pay back funds obtained through the pandemic loan program. Harvard has an endowment worth more than $40 billion,

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Harvard won’t ‘seek or accept’ federal stimulus money after calls from Trump to return cash

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Harvard University announced in a statement Wednesday that it will no longer “seek or accept” aid from the CARES Act Higher Education Emergency Relief Fund, one day after President Trump demanded the Ivy League school return federal relief cash.

The prestigious university had received nearly $9 million in federal funds through one of the government’s relief programs doled out through the Department of Education, but the allocation drew backlash from Trump.

The president on Tuesday claimed the university was receiving money through the Paycheck Protection Program, which is intended to help struggling small businesses. Harvard has denied ever applying for or receiving any funds through PPP, and has clarified that the type of funding it received was given to most other U.S. colleges and universities, to be used for direct financial assistance to

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Harvard says to keep stimulus grant after Trump vows it will be returned

WASHINGTON (Reuters) – Harvard University said it plans to keep an $8.6 million grant it received as part of a stimulus package to blunt the economic impact of the coronavirus lockdown, contradicting U.S. President Donald Trump who pledged the university would return it.

U.S. President Donald Trump reacts to a question from a reporter during the daily coronavirus task force briefing at the White House in Washington, U.S., April 21, 2020. REUTERS/Jonathan Ernst

Speaking at a press briefing on Tuesday, Trump pointed to the institution’s ample endowment – worth nearly $41 billion – as the reason why it should hand over the money.

“Harvard is going to pay back the money and they shouldn’t be taking it,” Trump said, adding that Harvard has one of the largest endowments “in the country, maybe in the world.”

In a statement issued moments after the briefing ended, however, Harvard said it planned “to

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Supreme Court sets oral arguments in Trump finance documents case for May 12

The cases were originally set to be heard in late March and early April but were postponed due to health concerns related to the coronavirus. Earlier in the week, the justices announced that instead of holding oral arguments for cases in their august courtroom they would participate remotely by phone and allow the public to listen in real time. The justices have never allowed the release of live audio of their proceedings.

The court has yet to release any details on how exactly the oral arguments will play out, and whether they will depart from their normal protocols given that they won’t actually be able to see the lawyers or even their own colleagues.

No justices will be in the courtroom and there will be no on-camera component, court spokeswoman Kathy Arberg said earlier in the week.

The 10 cases will be heard May 4-6 and May 11-13. It is … Read More

How Donald Trump Shifted Kids-Cancer Charity Money Into His Business

LIKE AUTUMN LEAVES, sponsored Cadillacs, Ferraris and Maseratis descend on the Trump National Golf Club in Westchester County, New York, in September for the Eric Trump Foundation golf invitational. Year after year, the formula is consistent: 18 holes of perfectly trimmed fairways with a dose of Trumpian tackiness, including Hooters waitresses and cigar spreads, followed by a clubhouse dinner, dates encouraged. The crowd leans toward real estate insiders, family friends and C-list celebrities, such as former baseball slugger Darryl Strawberry and reality housewife (and bankruptcy-fraud felon) Teresa Giudice.

The real star of the day is Eric Trump, the president’s second son and now the co-head of the Trump Organization, who has hosted this event for ten years on behalf of the St. Jude Children’s Research Hospital in Memphis. He’s done a ton of good: To date, he’s directed more than $11 million there, the vast majority of it via

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