Treasury Secretary: COVID-19 Economic Aid ‘Still Needed’
Treasury Secretary Steve Mnuchin said Tuesday a second massive round of aid addressing the economic impact of the coronavirus pandemic is “still needed,” even as the U.S. economy is showing signs of recovery. Mnuchin’s testimony comes as talks for a second round of aid have remained stalled on Capitol Hill since $600 a week in expanded federal unemployment benefits to millions of out-of-work Americans expired in late July. Congressional Democrats have proposed an extension of those benefits, while Republicans have put forward a proposal that would cap benefits at 70% of a worker’s earnings. The overall price tag for amore
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