March 17, 2020 / 7:30 PM / 5 months ago

Mnuchin: Proposed economic relief could put $1 trillion into U.S. economy

WASHINGTON (Reuters) - Treasury Secretary Steven Mnuchin estimated that the economic measures President Donald Trump’s administration has proposed to deal with the effects of the coronavirus crisis would pump $1 trillion into the U.S. economy.

“We have put a proposal on the table that would inject $1 trillion into the economy,” he said on Tuesday after meeting with Republican senators. “Let me just say this is a combination of loans. This is a combination of direct checks to individuals. This is combination of creating liquidity for small businesses.”

Reporting by Lisa Lambert and David Morgan; Editing by Eric Beech

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below