Treasury Secretary Steven Mnuchin expressed confidence in the future of the U.S. economy Sunday, and was optimistic about lawmakers’ ability to move forward with a stimulus plan to help Americans deal with the coronavirus outbreak. Mnuchin is set to meet Sunday with House Speaker Nancy Pelosi, House Minority Leader Rep. Kevin McCarthy, D-Calif., Senate Majority Leader Mitch McConnell, R-Ky., and Senate Minority Leader Chuck Schumer, D-N.Y., to discuss a relief package expected to top $1 trillion. “I think we have a fundamental understanding and we look forward to wrapping it up today,” Mnuchin told “Fox News Sunday.” Mnuchin explained various aspects of the legislation that lawmakers are currently working on. The first is what he called “small business retention loans,” which he said would give small businesses two weeks of cash flow to pay employees. “You need to retain them. You’ll also get some overhead. And if you do that, those loans will be forgiven,” Mnuchin said. “That will allow small businesses to keep people, and make sure when we open up the economy, they’re up and running.” He also said that the government will provide direct deposits, with an average family of four receiving approximately $3,000, as well as “enhanced unemployment insurance” for those laid off due to the outbreak. Read more https://www.foxnews.com/politics/mn...-keep-economy-afloat-until-coronavirus-passes
