Los Angeles Times

Former Treasury Secretary Steven Mnuchin is assembling an investor group to buy TikTok

Treasury Secretary Steven Mnuchin answers questions during a House Financial Services Committee oversight hearing to discuss the Treasury Department's and Federal Reserve's response to the coronavirus pandemic on Dec. 02, 2020, in Washington, DC.

As Congress weighs a bill that would lead to a nationwide ban of the popular video app TikTok, former Treasury Secretary Steven T. Mnuchin said Thursday he is assembling an investor group that will try to purchase the China-based company.

"This should be owned by U.S. businesses," Mnuchin told CNBC's on Thursday morning. "There's no way that the Chinese would

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