Treasury Secretary Steven Mnuchin on Thursday said he will soon resume talks with House Speaker Nancy Pelosi (D-Calif.) about another coronavirus relief package.
Mnuchin told the Senate Banking Committee that he has "probably spoken to Speaker Pelosi 15 or 20 times in the last few days" on a continuing resolution to extend government funding, and "we've agreed to continue to have discussions about the CARES Act." He also asked Congress to give him the authority to distribute $130 billion in unused Paycheck Protection Program funds to provide loans to small businesses hit particularly hard by the coronavirus pandemic. The deadline to apply for PPP loans was Aug. 8.
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