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Mnuchin Says Targeted Fiscal Package Still Needed

US
  • "The President and I remain committed to providing support for American workers and businesses. We continue to try to work with Congress on a bipartisan basis to pass a Phase IV relief package. I believe a targeted package is still needed, and the Administration is ready to reach a bipartisan agreement," Treasury Secretary Steven Mnuchin says in prepared testimony in a House Financial Services Committee hearing.
  • Mnuchin says he remains committed "to getting every American back to work as quickly as possible."
  • On the economic outlook, the Treasury Secretary says he sees "tremendous third-quarter growth," fueled by strong retail sales, housing starts and existing home sales, manufacturing growth, and increased business activity.
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
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MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
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