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

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Treasury Secretary Mnuchin says the Trump administration still supports a stimulus package that includes direct payments

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.

 

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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.

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