Mnuchin and Powell Credit Stimulus With Boosted Recovery, Seek More Aid

Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin on Tuesday said that while the U.S. economy is rebounding during the CCP virus-induced downturn, more government aid is likely needed. Mnuchin said he was ready to resume negotiations with top Democrats after talks stalled on a stimulus package last month. With the Senate gearing up for a battle over President Donald Trump's Supreme Court nominee before the election, there has been less incentive to pass a pandemic relief deal. “We are in a very different situation than we were the last time” when Congress passed the $2.2 trillion CARES Act in March to offset losses incurred by the CCPRead More From Source

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