6/30, 7:10 PM (Source: TeleTrader)
more TeleTrader news

Working with US Congress on further relief in July - Mnuchin

United States Treasury Secretary Steven Mnuchin asserted on Tuesday that the economic conditions in the country would "significantly improve" in the second half of the year, adding he is working with the Congress on passing another stimulus package by the end of July.

Speaking before the House, Mnuchin revealed that the construction sector recovers quickly, while retail and services may need additional relief. Furthermore, Mnuchin said he spoke to the Senate Small Business Committee about redirecting the $135 billion left in the PPP program towards "hardest-hit industries."

Fed's Chair Jerome Powell and Secretary Mnuchin are testifying on the government's response to the coronavirus pandemic.

Breaking the News / ND