- U.S. Treasury Secretary Mnuchin: Hundreds of billions of dollars can be put into economy with deferred tax payments
Market news
11 March 2020
U.S. Treasury Secretary Mnuchin: Hundreds of billions of dollars can be put into economy with deferred tax payments
- Says impact of coronavirus issue was initially underestimated internationally
- Treasury is working on economic options to back affected people and companies
- Treasury is working with Congress, IMF, World Bank, regulators on coronavirus relief issues
- Met with U.S. Secretary of State Pompeo this morning on coronavirus
- First concern on coronavirus is protecting U.S. economy
- Small-, medium-size businesses need help for costs as employees self-quarantine
- Looking at big increase in lending to small companies
- Hundreds of billions of dollars can be put into economy with deferred tax payments
- May provide over $200 billion of liquidity by tax payment delays
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