Steven Terner Mnuchin was sworn in as the 77th Secretary of the Treasury on February 13, 2017. As Secretary, Mr. Mnuchin is responsible for the U.S. Treasury, whose mission is to maintain a strong economy, foster economic growth, and create job opportunities by promoting the conditions that enable prosperity at home and abroad.

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Performance bonds are a familiar feature of the construction industry. In the construction context, a performance bond is a form of security, generally provided by a contractor to an employer, consisting of an undertaking by a third party (known as the "bondsman" or the "surety") to make a payment to the employer in specified circumstances.

A surety bond is a three-party agreement whereby the surety assures the project.. they are difficult to verify and lack the approval of an independent auditor.

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Update 4pm: David Drumm today agreed to secure his bail by lodging 50,000 himself. Another 50,000 will be lodged by an independent surety. A final 50,000. place after a hiker was reported to be.