3/13/2020, 2:11 PM (Source: TeleTrader)
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Mnuchin: Virus aid bill talks going well

United States Treasury Secretary Steve Mnuchin said on Friday that the negotiations between President Donald Trump's administration and the House of Representatives regarding novel coronavirus (COVID-19) aid bill are "going well."

Speaking in an interview for CNBC, he praised the "bipartisan effort" with the Democrat-controlled House to help small and medium-sized businesses. He described the bill as "the second inning in a baseball game," calling the $8.3 billion coronavirus response package Trump signed into law last week "the first inning." Mnuchin also hailed close cooperation with the Federal Reserve Chairman Jerome Powell, revealing that they are looking at a number of options to stimulate the national economy.

"We intend to keep markets open," Mnuchin pointed out.

Breaking the News / MS