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'Strong likelihood' more economic stimulus needed: Steven Mnuchin - Business Insider

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Treasury Secretary Mnuchin sees 'strong likelihood' further stimulus needed as Senate spars over new bill

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification."There is a strong likelihood we will need another bill" to keep the economy afloat through the coronavirus pandemic, Treasury Secretary Steven Mnuchin toldMnuchin's comments arrive as House Democrats' $3 trillion stimulus package sits stuck in the Senate, where Majority Leader Mitch McConnell refuses to consider the legislation.

Mnuchin expects second-quarter figures to be "dreadful" before the economy recovers in the second half of 2020.Treasury Secretary Steven Mnuchin said Thursday that another coronavirus relief bill from Congress is likely needed to keep the economy intact before a nationwide reopening. Mnuchin said the White House is weighing the need for another stimulus measure and where such funds should be put to use.

 

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