Treasury Secretary Steven Mnuchin wants to funnel unspent stimulus money into the American economy, he said on Thursday evening.
Mnuchin suggested the unspent money could be used to extend unemployment benefits and assist hard-hit small businesses in travel, entertainment, and restaurants. The move would require congressional approval. The Fed programs at the center of the dispute were instituted shortly after the CARES Act was passed. Congress allocated $454 billion to the Treasury to backstop Fed lending and settle roiling markets as the pandemic first struck.partially because of stringent terms governing some of the programs.
Despite all the job losses caused by Covid shutdowns, Americans have saved $2 trillion. Targeting unused money to those that need it most is a far better strategy than continuing ‘blanket’ stimulus programs which could exacerbate inequality.
'We're working on mass distribution of the virus,' Treasury Secretary Mnuchin tells CNBC - no wonder the country is a shambles when you have morons like this in the administration
The stimulus money was intended to be revenue neutral, if he gets his way, it won't be.
NO MORE ALL OR NOTHING SpeakerPelosi AND HouseDemocrats ! HERE'S 580 BILLION JUST WAITING FOR YOU TO BE TURNED INTO ENHANCED FEDERAL UNEMPLOYMENT BENEFITS! FOR THE LOVE OF GOD DO IT! senatemajldr SenateGOP GOPLeader ProbSolveCaucus LeaderHoyer AOC POTUS RepKClark ABC
Works for me
He may be a s*** bag but he's not an idiot.
Funny how theres unspent stimulus money, not in the hands of citizens with huge rent debts..
Redirect the money where and to whom. Steve Mnuchin’s Exclusive LA Country Club Got Millions in COVID Relief
This smug attempt to buy compliance from the masses . Another ingredient in Trump’s Jim Jones Koolaid for the masses.,Do you think they’ll drink it?
Why the fuck has this money not moved?
No one will miss another few billion in stolen relief funds.
Pass.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the NCAA's rules for student-athletes monetizing their brand - Business InsiderNCAA student-athletes are months away from being able to profit off their brand. Here are all the ways businesses, agents, and advertisers can — and can't — work with them. thank you very much for your work
Source: BusinessInsider - 🏆 729. / 51 Read more »
What it's like inside a Venezuela hospital with no running water or medicine - Business InsiderWe went inside a public hospital in Venezuela where there's no running water and cancer patients have to provide their own medicine US Sanctions do that! StopTheCruelty
Source: BusinessInsider - 🏆 729. / 51 Read more »