Treasury Secretary Steven Mnuchin is happy to extend more money to American businesses. He's a little more hesitant when it comes to American families.
In a Thursday press conference, Mnuchin announced the federal government was working on a fourth iteration of its CARES Act meant to stimulate the economy during the COVID-19 pandemic. That next round of funding will be "more targeted" than the stimulus bills of the past few months, with $130 billion in remaining congressional funding specifically going to businesses that were "particularly hard hit" in the pandemic, Mnuchin said.
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