United States Department of the Treasury: "seriously looking" at more stimulus

 

United States Department of the Treasury: "seriously looking" at more stimulus

During testimony on Capitol Hill Wednesday, Mnuchin shared his perspectives about what may be included in the next stimulus bill.

Mnuchin told the Senate Committee on Small Business and Entrepreneurship that he would consider stimulus in the following areas:

  • direct money to stimulate the economy
  • encourage businesses to rehire people
  • support for travel, leisure and restaurant sectors
  • address unemployment

Mnuchin noted that the economy already has started to recover and cited the most recent jobs report that showed a net gain of 2.5 million jobs. Future stimulus could take several paths, but Mnuchin did not provide details or dollar amounts. His reference to direct money could refer to a second stimulus check to the American people or could refer to funding for businesses in specific sectors of the economy that have been disproportionately impacted by Coronavirus.

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Mnuchin “Seriously Looking” At More Stimulus
Mnuchin “Seriously Looking” At More Stimulus
  • 2020.06.10
  • Zack Friedman
  • www.forbes.com
Treasury Secretary Steven Mnuchin said the Trump administration is “seriously looking” at more stimulus. Here’s what you need to know. Will There Be More Stimulus? During testimony on Capitol Hill Wednesday, Mnuchin shared his perspectives about what may be included in the next stimulus bill. Sen. John Kennedy (R-LA) asked Mnuchin: “If you were...