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Steven Mnuchin Is Confirmed As Treasury Secretary
Democrats are trying to flex their muscles but are realizing that they have none. While that might sound biased realize that for all the charades and uproar they have caused over the last several weeks they have been completely unable to stop Trump.
Late on Monday the Senate voted 53-47 to confirm Steve Mnuchin to the Treasury Secretary position. Mnuchin is a highly successful businessman with over...
China gets rid of US Treasuries
China sells the US Treasuries to smooth the consequences of the devaluation shock of August 11.
The treasury of the country adopted selling the US Treasuries securities directly, as well as through agents in Belgium and Switzerland.
The Chinese government also decided to reduce investments into the US Treasuries.
The US Secretary of the Treasury Jacob Lew has previously talked with the Vice Premier...