Steve Mnuchin, the U.S. Treasury Secretary, appeared on a news outlet on Sunday and gave a positive message about the new stimulus bill.

Mnuchin
Reutersconnect

Millions of heavily impacted Americans are still waiting for the second round of stimulus aid. After the first coronavirus relief aid expired in July, many still doubt the possibility of another relief bill. As the days progressed, it seems that there are now some developments.

The U.S. Treasury Secretary Steve Mnuchin appeared on a news outlet on Sunday and gave a positive message about the new stimulus bill that the Republican-led Senate will discuss this Tuesday. During an interview with one of the segment shows of FOX News, he said, "The president and I couldn't be more pleased with the way the economic plan is working."

He also shared after a series of rejection that the Republican lawmakers and the White House received from Democratic House Speaker Nancy Pelosi, she finally agreed on a continuing resolution. This means the second bill is now becoming possible.

Mnuchin did not describe the new stimulus bill as a "skinny-bill" or "slimmed-down bill," but he called it a "targeted bill." hen asked why Mnuchin said that the new stimulus bill includes aids where the Republicans and the Democrats have common ground.

The Treasury Secretary went on and explained that Pres. Trump wants to do more stimulus and, at the same time, putting millions of Americans back to work. It can be remembered that part of the Republican-led HEALS Act was to give an additional bonus to those who will go back to their work.

President also wants to help businesses in the country by continuing the PPP loans. Through this, employees will be retained and will still be included in the payroll. Additionally, employees will enjoy more their salary after Trump suspended the collection of some taxes in payroll until the end of this year.

As to the targeted bill, Mnuchin said, "As you know, we put $3 trillion into the economy when the economy was completely shut down, and we've now reopened the economy. Let's do a more targeted bill now, and if we need to do more in 30 days, we'll continue to do more, but let's not hold up the American workers and the American businesses that need more support."

Moreover, Mnuchin also confirmed the continuing resolution that nth parties agreed. Trump's administration does not want millions of Americans to suffer the global pandemic as the government operations near to shut down. He also clarified that the continuing resolution is separate from the CARES Act resolution.

Pres. Trump and Steve Mnuchin are hoping that they can move forward after this week, which, if not all, most Americans are looking forward to. Even though they have not yet agreed on the details, they will ensure that the benefit will be until the end of this year.

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