Breaking: Mnuchin Says Government Wants to Send Stimulus Checks

Breaking: Mnuchin Says Government Wants to Send Stimulus Checks

© Reuters. © Reuters. – The U.S. federal government is looking to get cash into the pockets of Americans as fast as possible to cushion an economy hit by Covid-19, Treasury Secretary Steven Mnuchin said Tuesday.

“(W)e’re looking to send Americans checks now,” Mnuchin said, adding that that would preferably be within two weeks. He said details would come later after discussions with Congressional Republicans.

President Donald Trump likes the idea of a reduction of a payroll tax, but he and Mnuchin said that wouldn’t have an impact soon enough as damage of the virus continues.

“We’re going big,” Trump said.

“We don’t want people losing their jobs or not having money to live when they were doing very well just four weeks ago,” he added.

Investors cheered the remarks as the continued to climb, gaining 6% to an intraday high.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest Category Posts

You May Also Read