Treasury Secretary Mnuchin says the Trump administration still supports a stimulus package that includes direct payments
Treasury Secretary Steven Mnuchin said the Trump administration still supports another stimulus package that includes direct payments.
Many economists are also pressing lawmakers to approve additional federal spending to keep the economy afloat.Treasury Secretary Steven Mnuchin said on Tuesday the Trump administration still backs another stimulus package, one that includes direct payments.with the House Financial Services Committee, Mnuchin testified along with Jerome Powell, the Federal Reserve chairman. Both said the economy was recovering, though risk remained of further damage because of the ongoing pandemic.
He also said "the administration does support another stimulus payment," similar to the $1,200 check that the government sent to over 150 million people in April and May. The economy has partially rebounded from the depths it reached in the spring. It has recovered nearly half of the jobs shed in March and April, as many economists urge lawmakers to approve additional spending to keep the economy afloat.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GAO Report: 9 Million Americans At Risk Of Losing First Stimulus CheckWhile Americans despair about the lack of movement on a second stimulus package, the GAO reports that nearly 9 million people still haven’t received their first direct payment.
Read more »
Nancy Pelosi says Democrats are holding out for bigger stimulus agreement from Trump - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
US household net worth hits all-time high on surging stocks and stimulus help - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Limited-time offer: Business Insider subscription with Brex card - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
What Happens If There Is No Second Stimulus Package?Despite millions unemployed, a continuing economic crisis, and agreement among leaders of both the Democrats and the Republicans that something needs to be done, the chances of passing a second stimulus package before the election appears dimmer than ever. What happens if nothing is passed?
Read more »
As stimulus checks stall, 8.7 million at risk of losing out on supportThose that do not file tax returns or receive federal benefits may miss out on stimulus checks, according to a government report, which looked at the $2.6 trillion that was passed in emergency coronavirus support.
Read more »