Treasury Secretary Steven Mnuchin said Wednesday he thought the economy would need more aid to emerge from the recession but said the next round of congressional support should be targeted to the hardest-hit areas of the economy. Testifying to the Senate Small Business Committee, Mnuchin said the administration planned to review the measures that the next relief bill should include. Congress has already approved nearly US$3 trillion to help counter the impact damage from virus. New support will need to encourage employers, especially in industries like restaurants and travel, to rehire workers.-AP

Source: The Standard June 11, 2020 01:16 UTC