Craig Phillips, a former Wall Street executive who joined the Treasury Department to try to reshape the country’s mortgage market, will depart next month. Source: NYT > Business – EMILY FLITTER
Trump Renews Trade War as China Talks End Without a Deal
The president, in a series of tweets, said a prolonged trade war would be good for America even as negotiators returned to the table. Source: NYT > Business – ALAN RAPPEPORT and ANA SWANSON
Steven Mnuchin Refuses to Release Trump’s Tax Returns to Congress
Mr. Mnuchin said that the request “lacks a legitimate legislative purpose.” Source: NYT > Business – ALAN RAPPEPORT
Monica Crowley, a Fox News Fixture, Is Said to Get a Top Treasury Job
The choice of Ms. Crowley for the Treasury’s top communications role comes about two years after she withdrew as a candidate for other administration jobs in the face of plagiarism accusations. Source: NYT > Business – ALAN RAPPEPORT
Tax Headaches? A Dose of Muni Bonds Might Help
Households stung by the limit on state and local income tax deductions are chasing tax-free municipal bonds. But it’s wise to proceed carefully. Source: NYT > Business – CARLA FRIED
David Malpass, Trump’s Pick to Lead World Bank, Is Approved
Mr. Malpass, a Wall Street veteran and a Treasury official, is a longtime critic of the international agency’s lending practices and business model. Source: NYT > Business – TIFFANY HSU