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9/22, 5:33 PM (Source: TeleTrader)
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Mnuchin: Trump would sign PPP extension today

United States President Donald Trump would "immediately" sign off on additional funds for the Paycheck Protection Program, according to Treasury Secretary Steve Mnuchin.

In comments made to lawmakers on his department's response to the coronavirus pandemic, Mnuchin argued again for a more targeted phase 4 economic relief package that would focus on areas of the economy that were particularly hard-hit by the pandemic, like the travel and restaurant industries.

Federal Reserve Chairman Jerome Powell for his part reiterated that economic recovery hinges on virus-containment measures such as mask-wearing.

Breaking the News / JC