Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Treasury Secretary Steven Mnuchin said his department is "very close to releasing a detailed plan" on tax reform at a senate budget hearing Wednesday. Mnuchin fielded questions on cybersecurity and the debt ceiling.
- On national security: Will the president sign the Russia sanctions bill? "I don't know the answer to that." The treasury department has "prioritized technology spending within the IRS" as a cybersecurity measure. Mnuchin also offered to discuss actions against Hezbollah's fiannces in a closed session.
- On raising the debt ceiling: "We have funding through September, but I have urged Congress to take this up before they leave for recess."
- On CDFIs: He said, "This was merely a function of us making difficult decisions across" on the administration's decision to eliminate funding for Community Development Financial Institutions, which invest government funds in distressed communities.