(FinancialHealth.net) – The Senate was back in Washington, D.C. on July 20, and lawmakers immediately got to work on the next stimulus package. Treasury Secretary Steven Mnuchin briefed reporters on where the White House stands. And the Trump official said the next bill will come with a big price tag.
During his conversation with the press, Secretary Mnuchin explained the White House believes the stimulus package will cost at least $1 trillion. He said the administration is making “kids and jobs and vaccines” the focus of the next bill.
WASHINGTON, July 20 (Reuters) – U.S. President Donald Trump has signed off on an effort to seek an additional $1 trillion in coronavirus economic relief, Treasury Secretary Steve Mnuchin said on Monday, as Republicans laid out their initial proposal for talks with Democrats.
— Carl Quintanilla (@carlquintanilla) July 20, 2020
That’s the starting point, but lawmakers expect the price to creep up as additional items are added to the package. Mnuchin plans to reach out to Democrats, as well, to help get the bill through as quickly as possible. The goal is to get it passed by the end of the month.
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