Treasury Secretary Steven Mnuchin dodged questions about whether the coronavirus pandemic could plunge the U.S. into a recession
Mnuchin said his primary focus at the moment is the passage of the congressional aid package, which passed the House after midnight on Friday and which President Donald Trump has pledged to sign if it passes the Senate. That legislation would act as a complement to an $8.3 billion emergency aid bill Congress approved earlier this month, and it would precede a stimulus package aimed at propping up the hard-hit travel industry on which he said negotiations would begin this week.
He declined to put a price tag on the latest aid package, pointing to the unknown extent of the virus’ spread and how many workers would need the paid sick leave included in the latest stimulus bill. The cost would be “significant,” he said, “but not huge.”
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