Mnuchin wants to redirect unspent stimulus money to prop up small businesses, extend une... - Business Insider

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.

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