Mnuchin Talks With Pelosi, Signals Urgency on New U.S. Stimulus
- Treasury chief says some areas of economy still need help
- Senate Republicans are moving toward $500 billion skinny bill
An American flag flies outside of the U.S. Capitol building in Washington on Aug. 18, 2020.
Photographer: Erin Scott/BloombergThis article is for subscribers only.
Treasury Secretary Steven Mnuchin said the U.S. economy urgently needs additional fiscal stimulus to fully rebound from the Covid-19 crisis, and he initiated a conversation with House Speaker Nancy Pelosi amid stalled negotiations on a relief package.
Although the U.S. is recovering from government-imposed shutdowns and jobs are returning, Mnuchin said parts of the economy still need additional support. But he stopped short of offering a fresh proposal to get Democrats back to negotiations.