Steven Mnuchin
Secretary of Treasury
Steven Turner Mnuchin was born in December 1962 in New York City. He attended Riverdale Country School in New York City, and graduated from Yale University with a bachelor’s degree.
His first job was a trainee at investment bank Salomon Brothers, while he was still studying at Yale. After graduating from Yale, he worked for Goldman Sachs, where he remained until 2002. He then worked for a hedge fund company, later establishing SEM Capital Management together with financier George Soros. He went on to found a business that financed a number of motion pictures.
In November 2016, President-elect Trump announced his intention to nominate Mnuchin as U.S. Secretary of the Treasury. He was confirmed by the Senate by a 53-47 vote in February 2017.
He is married to Louise Linton. He has three children with his former wife, Heather Deforest Crosby. Mnuchin is Jewish.
In the News…
America cannot let the coronavirus shut down it’s economy again, Treasury Secretary Steven Mnuchin said.
“We can’t shut down the economy again. I think we’ve learned that if you shut down the economy, you’re going to create more damage and not just economic damage,” he said, adding that this includes other problems.
Mnuchin said of the $3 trillion in coronavirus rescue spending approved by Congress this year, only about $1.6 trillion has filtered through the economy so far.
“Over the next month, you’re going to see over another $1 trillion pumped into the economy, that’s going to have a big impact,” the secretary said. The Federal Reserve’s Main Street Lending program for mid-size businesses is just getting started and “we’re prepared to go back to Congress for more money to support the American worker,” he added.
Mnuchin added that due to an extension of forgivable Paycheck Protection Program loans to 24 weeks, he expects many restaurants that had previously been reluctant to seek loans will come forward to take up a significant portion of the program’s remaining funds.
Contact this Leader…
Did you pray for Secretary Mnuchin today? You can let him know at:
The Honorable Steven Mnuchin
Secretary of the Treasury
1500 Pennsylvania Avenue NW
Washington, DC 20220
