(Reuters) – Treasury Secretary Steven Mnuchin said on Thursday the U.S. government cannot sustain federal deficits growing at current levels and will have to slow the rate of spending. As he acknowledged the administration of Republican President Donald Trump was considering additional tax cuts to stimulate the economy, Mnuchin blamed government spending – and Democrats […]
WASHINGTON (Reuters) – The Federal Reserve said on Thursday it will “shortly” announce new rules to expand access to a small business lending program beyond banks, so that a broader set of institutions can participate. The Small Business Administration’s Paycheck Protection Program loans are being made by an array of institutions, including many deposit-taking banks […]
By Svea Herbst-Bayliss NEW YORK (Reuters) – Investor William Ackman told clients on Wednesday that Pershing Square Capital Management exited its Starbucks Corp <SBUX.O> position as future growth looks less robust but will stick with last year’s biggest winner, Chipotle Mexican Grill Inc. <CMG.N>. Fresh from posting a 58.1% return after fees in 2019, Ackman […]
