- U.S. Treasury Secretary Mnuchin: There will be money for small business payrolls, if we need more we will go back to Congress - Fox Business
Market news
7 April 2020
U.S. Treasury Secretary Mnuchin: There will be money for small business payrolls, if we need more we will go back to Congress - Fox Business
- Says President Trump looking at areas of the country where economy can be reopened
- Hopes to have 'main street lending' program up and running with Fed soon
- Over 3000 lenders are participating in small business lending program
- Working very quickly on aid for airlines
- Meeting with advisors on airline program this week
- Direct payments should be sent out by the end of next week
- Administration wants to make sure critical supplies are made in U.S.
- Certain parts of the economy will come back "immediately", others will take longer
- Expects a very strong rebound in second half of 2020
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