Treasury Secretary Steven Mnuchin expressed confidence in the future of the U.S. economy Sunday, and was optimistic about lawmakers’ ability to move forward with a stimulus plan to help Americans deal with the coronavirus outbreak. Mnuchin is set to meet Sunday with House Speaker Nancy Pelosi, House Minority Leader Rep. Kevin McCarthy, D-Calif., Senate Majority Leader Mitch McConnell, R-Ky., and Senate Minority Leader Chuck Schumer, D-N.Y., to discuss a relief package expected to top $1 trillion. The first is what he called “small business retention loans,” which he said would give small businesses two weeks of cash flow to pay employees. And if you do that, those loans will be forgiven,” Mnuchin said. For the long term, Mnuchin maintained confidence, saying he expects a full economic recovery from the outbreak once it has passed.

Source: Fox News March 22, 2020 14:37 UTC