US Treasury Secretary Steve Mnuchin will speak before the Senate Committee on Banking Housing and Urban Affairs. The hearing, entitled ‘Domestic International Policy Update’, is expected at 14GMT.
Mnuchin’s testimony should gravitate around the potential GSE reform, following last week's testimony by Melvin Watt, Federal Housing Finance Agency director.
Key Notes
US Treasury Secretary Mnuchin says 3% GDP possible on historic reforms
US Treasury Secretary Steve Mnuchin, in his testimony before the Senate Committee on Banking, Housing and Urban Affairs, will say that, “a goal of 3% GDP or higher is achievable if we make historic reforms to both taxes and regulations”.
About Steven Mnuchin
Steven Terner Mnuchin was sworn in as the 77th Secretary of the Treasury on February 13, 2017. As Secretary of the Treasury, Mr. Mnuchin is responsible for the executive branch agency whose mission is to maintain a strong economy, foster economic growth, and create job opportunities by promoting the conditions that enable prosperity and stability at home and abroad.
About US Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing, and Urban Affairs is one of twenty Senate committees tasked with conducting Senate business related to specialized areas of legislative interest. The Committee plays an integral role in managing legislation that affects the lives of many Americans. It is currently made up of 22 Senators; 12 Republican, and 10 Democrat.
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