11/30/2020, 11:23 PM (Source: TeleTrader)
more TeleTrader news

Mnuchin calls for targeted fiscal response to COVID

United States Treasury Secretary Steven Mnuchin called on Congress to pass targeted fiscal measures to help the economy recover from the COVID-19 pandemic's impact.

In a statement released on Monday ahead of his testimony before the Senate Banking, Housing and Urban Affairs Committee, Mnuchin said: "I strongly encourage Congress to use the $455 billion in unused funds from the CARES Act to pass an additional bill with bipartisan support. The Administration is standing ready to support Congress in this effort to help American workers and small businesses that continue to struggle with the impact of COVID-19."

The secretary noted that his department has been working hard on showing transparency related to the CARES Act.

Breaking the News / VP