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.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Was the Azerbaijan Airlines plane shot down?Today's Big Question Multiple sources claim Russian anti-aircraft missile damaged passenger jet, leading to Christmas Day crash that killed at least 38
-
Ukraine hints at end to 'hot war' with Russia in 2025Talking Points Could the new year see an end to the worst European violence of the 21st Century?
-
What does the FDIC do?In the Spotlight Deposit insurance builds confidence in the banking system
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
-
Enron mystery: 'sick joke' or serious revival?Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
-
US charges Indian tycoon with bribery, fraudSpeed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
