All eyes are on House Republicans Friday as they debate the future of health care in America, but Treasury Secretary Steve Mnuchin has also been on the circuit making market-moving comments.
Mnuchin sat down with new media company Axios on Friday in a wide-ranging conversation about tax reform, the debt ceiling and even artificial intelligence. The former Goldman Sachs executive who has emerged as one of the White House's most prominent voices provided insights into the administration's thinking on a number of matters that could swing the stock markets and affect the economy.
Here is a look at five points he made, and why they might matter.
Tax reform is "much simpler" than health care reform.
Trump marveled recently that no one knew health care could be so complicated, and as the future of the Republican health care plan in Congress appears increasingly perilous, his administration appears to think -- or at least hope -- tax reform will be easier.
The New York Times reported late Thursday that the president has told people close to him he regrets going along with House Speaker Paul Ryan's plan to push health care over tax cuts, which he believes will be more politically palatable to the GOP. Goldman Sachs analysts this week said they believe tax reform is coming, regardless of what happens with health care.
Like health care, tax reform could be easier said than done for Republican lawmakers. The GOP is still deeply divided on items like border adjustment and interest deductibility -- and even the tax rates themselves. Trump ran on a plan to reduce the corporate tax rate to 15%, while House Republicans put forth 20%. On Friday, Mnuchin declined to reiterate Trump's goal.