The Trump administration is hours away from finalizing a $1.6 trillion stimulus deal with Congress to battle the coronavirus epidemic, Treasury Secretary Steven Mnuchin said
with Congress to battle the coronavirus epidemic, Treasury Secretary Steven Mnuchin said Sunday.
“I‘ve been speaking to Mitch McConnell, Chuck Schumer, the speaker, and I think we have fundamental understanding,” Mnuchin said on “Fox News Sunday.“ “We look foward to wrapping it up today.”The bill would tide the U.S. economy over for 10 -12 weeks, Mnuchin said, adding that he expects a vote Monday morning. Under the bill, a family of four can expect a direct payment of about $3,000, Mnuchin said.
McConnell will meet in his office with Mnuchin, Senate Minority Leader Chuck Schumer , Speaker Nancy Pelosi and House Minority Leader Kevin McCarthy at 11 a.m. Schumer and Pelosi have stayed in close touch with Mnuchin throughout the negotiations.
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