Steven Mnuchin

Trump Administration Tightens Cuban Sanctions

The Trump administration is placing new restrictions on U.S. business and travel to Cuba. The changes are expected to take full effect on Thursday. Americans will be prohibited from doing business with dozens of Cuban government-run hotels, shops, and other entities identified by the U.S. State Department.

Congress to Have 12 Days to Raise Debt Ceiling or Default On Loans

While Congress enjoys their five week vacation, the speaker of the House prepares for his toughest challenge of raising the country’s debt ceiling. Congress will only have 12 days to work on increasing the country’s debt ceiling, and if they fail it will be the first time the U.S. would default on their loan payments ever before.