Trump administration supports stimulus package with direct payments: Mnuchin - Business Insider

Treasury Secretary Steven Mnuchin said the Trump administration still supports another stimulus package that includes direct payments.

Many economists are also pressing lawmakers to approve additional federal spending to keep the economy afloat.Treasury Secretary Steven Mnuchin said on Tuesday the Trump administration still backs another stimulus package, one that includes direct payments.with the House Financial Services Committee, Mnuchin testified along with Jerome Powell, the Federal Reserve chairman. Both said the economy was recovering, though risk remained of further damage because of the ongoing pandemic.

He also said "the administration does support another stimulus payment," similar to the $1,200 check that the government sent to over 150 million people in April and May. The economy has partially rebounded from the depths it reached in the spring. It has recovered nearly half of the jobs shed in March and April, as many economists urge lawmakers to approve additional spending to keep the economy afloat.

It seems he just said stimulus was unnecessary? Oh, well.

They are drawing it out until its closer to the election, aren't they? That will make them appear as saviors.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Nancy Pelosi says Democrats are holding out for bigger stimulus agreement from Trump - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. A sustainable stimulus with recurring payments is what will save us and restore our economy. Anything less is political games played by politicians with the people being mere tokens. BasicIncome now please, because the people matter to the economy. UBI UBI2020 That’s why she should be impeached.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

US household net worth hits all-time high on surging stocks and stimulus help - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Fake growth - corp socialism More stimulus!
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Limited-time offer: Business Insider subscription with Brex card - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Who TF would want a business insider subscription Why don't I get this with my AMEX platinum?
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »