“I think we’re very close to getting this done.” Treasury Sec. Mnuchin says negotiations between the White House and Congress on a coronavirus stimulus deal “are going very well.”
Treasury Secretary Steven Mnuchin said the White House and Congress are getting close on a stimulus deal and that the administration is committed to doing whatever it takes to spark the economy."I think we're very close to getting this done," he said. "The president is absolutely committed that this will be an entire government effort, that we will be working with the House and Senate.
He did not provide any specifics, though he mentioned previous statements from President Donald Trump, who has advocated for a payroll tax holiday that could last through the end of the year. Mnuchin described the process as being "in the second inning" amid negotiations that have been contentious at time despite intense Wall Street clamoring for massive stimulus during the coronavirus scare.
However, he pledged that the administration is committed to whatever it takes to addressing the hit the nation has taken during the crisis. Wall Street's longest bull market ever came to an end this week and there's growing consensus that the global economy is headed for recession.Despite the frosty relationship between Trump and House Democrats, Mnuchin said the two sides are putting aside partisanship and working together for a solution.
Among the priorities he listed are the airline industry, which he described as being in a situation similar to the aftermath of the Sept. 11, 2001 terror attacks. He also listed cruise lines, hotels and small business in general.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
House Speaker Nancy Pelosi Says Democrats, White House Near Agreement On Coronavirus BillHouse Speaker Nancy Pelosi said that Democrats and the White House are nearing an agreement on a set of measures to address the coronavirus crisis, and that further legislation will be in the works…
Les mer »
Pelosi: House could vote on bipartisan coronavirus economic rescue package Friday – live updatesThe bipartisan package would provide free testing, paid emergency leave and increased unemployment coverage, she said. House Speaker Nancy Pelosi is expected to bring it to the House floor Friday.
Les mer »
U.S. Senate Republican leader blasts House's coronavirus billA wide-ranging coronavirus response bill sought by Democrats in the U.S. House o...
Les mer »
U.S. lawmakers near deal with White House on coronavirus aid billU.S. lawmakers and the White House neared agreement on a coronavirus economic ai...
Les mer »
Charles Barkley In Self-Quarantine After Taking Test For CoronavirusCharles Barkley says he's in self-quarantine after getting tested for the coronavirus.
Les mer »
Trump Suspends All Travel From Europe For 30 Days To Combat COVID-19NEW: President Trump announced a total ban on travel from Europe to the U.S. for the next 30 days, beginning on Friday at midnight, in a bid 'to keep new cases' of coronavirus 'from entering our shores.'
Les mer »