The following article, Mnuchin Supports Another Stimulus Bill, Says Many Americans Still In Need (Details), was first published on Flag And Cross.
Everything seems to be getting back on track in the United States, post-shutdown. Of course, movie theaters are still closed and the majority of live sports won’t be around for another solid month – but we’re getting closer to normalcy with each passing day.
Enter Mnuchin, via Bloomberg:
Treasury Secretary Steve Mnuchin said the U.S. needs additional fiscal stimulus — particularly for businesses struggling to reopen from coronavirus-related closures — even as he said the economy has started to recover.
“I do think the economy is going to rebound significantly, but there is still significant damage in parts of the economy,” Mnuchin told the Senate Small Business and Entrepreneurship Committee on Wednesday.
Mnuchin praised the Paycheck Protection Program, the centerpiece of the $2.2 trillion relief package Congress enacted in March, for helping the economy recover and contributing to last Friday’s surprising jobs report. The PPP, designed to help small businesses keep employees on payrolls during the pandemic, kept 50 million workers employed, Mnuchin said.
Check this out…
Here's @playbookplus's assessment of Pelosi's bill.
This is what House Democrats are spending their time and energy on: pic.twitter.com/8suxZKpCm2
— Mark Bednar (@MarkBednar) May 15, 2020
The bill gives a tax cut to upper income blue state real estate owners for 2020 and 2021. pic.twitter.com/8dODlIRFZB
— Matt Stoller (@matthewstoller) May 12, 2020
Continue reading: Mnuchin Supports Another Stimulus Bill, Says Many Americans Still In Need (Details) ...