Mnuchin on Future Coronavirus Relief: ‘We Do Support Another Round’ of Direct Payments
Treasury Secretary Steven Mnuchin says President Donald Trump’s administration is eying another round of direct payments to help Americans struggling financially due to coronavirus shutdowns. During Thursday’s…
Treasury Secretary Steven Mnuchin says President Donald Trump’s administration is eying another round of direct payments to help Americans struggling financially due to coronavirus shutdowns.
During Thursday’s appearance on CNBC, Mnuchin touted the trillions of dollars the government has spent to help keep small businesses and Americans afloat amid the coronavirus shutdowns.
However, he admitted that there is still more than needs to be done to help the economy as the virus continues to spread.
When asked about Senate Majority Leader Mitch McConnell’s (R-Ky.) call to limit another round of direct payments to individuals who report an income of $40,000 or less, Mnuchin said, “Well I’m not going to go into the specific details today on that.”
“What I would say is, we do support another round of economic impact payments … and we could get that into hard-working Americans’ bank accounts very, very quickly,” he added.
He continued to say that the administration will negotiate the “level and the criteria” with senators.
When it comes to the timeline for passing another relief package, Mnuchin said the administration would like to pass a bill between July 20 and the end of the month.