April 19, 2020 | 10: 34 am
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Steve Mnuchin (left) and Donald Trump
Mandel Ngan/AFP by means of Getty Images
Treasury Secretary Steven Mnuchin stated he is “confident” that Congress will strike an offer Sunday on replenishing the bank loan program that ran out of money last week.
” I’m enthusiastic that we can reach an arrangement that the Senate can pass this tomorrow and that your house can take it up on Tuesday and Wednesday we ‘d be back up and running,” Mnuchin said Sunday on CNN’s “State of the Union.”
Asked if that arrangement might come Sunday, Mnuchin said, “I’m confident. I believe we’re really near a deal today and I’m enthusiastic that we can get that done.”
Speaking on CNN minutes after the Mnuchin interview, Senate Minority Leader Chuck Schumer expressed optimism for a deal.
” I’m very confident we might come to a contract tonight or tomorrow early morning,” the New York Democrat stated.
Republican members of Congress have actually been promoting a $250 billion deal to reimburse the $350 billion Income Protection Program.
However Democrats want an extra $250 billion for local and state federal governments and hospitals that are on the frontlines of the coronavirus break out.
” We’ve likewise reached a contract on SBA catastrophe loans so there’ll be another $50 billion appropriated, which can do over $300 billion disaster loans. These two programs are extraordinary action to little companies,” Mnuchin said.
He noted that the new bill would consist of $75 billion for medical facilities and screening.
More than 20 million Americans have declared unemployment in the previous month.
Help to city governments is not part of the expense.
Mnuchin stated President Trump is “prepared to discuss that in the next costs” but “wishes to get his over the goal with a focus on small business, health centers and screening.”
Mnuchin said White Home Chief of Personnel Mark Meadows, Home Minority Leader Kevin McCarthy and Senate Bulk Leader Mitch McConnell are “on board.”
