Mnuchin

Treasury Secretary Steven Mnuchin suggested Friday that the government should consider forgiving all taxpayer-backed small loans under the federal Paycheck Protection Program without verifying how the funds were used, a decision that could wipe away debt for millions of small businesses but would also substantially increase the risk of fraud.The Treasury Department and Small Business…

The Treasury chief’s comments come as Congress is considering another coronavirus relief package, including for businesses. The small business aid program, under which loans can be forgiven if companies meet certain benchmarks, is scheduled to end Aug. 8. Treasury and the Small Business Administration earlier this month released the names of more than 650,000 employers…

The Treasury Secretary told lawmakers that the next phase of relief should be focused on industries that have been hardest hit by the coronavirus.Treasury Secretary Steve Mnuchin called on Congress to pass another round of stimulus aid as parts of the economy continue to struggle with the effects of the virus.Credit...Samuel Corum for The New…

July 9, 2020 | 9:17pm Enlarge Image Treasury Secretary Steven Mnuchin makes his way to the West Wing at The White House. MediaPunch / BACKGRID Treasury Secretary Steven Mnuchin said Thursday that a second round of stimulus checks should be included in a new coronavirus relief package — that will hopefully be enacted by the…

Treasury Secretary Steven Mnuchin said Thursday that the Trump administration supports issuing another round of stimulus checks to Americans as part of a fourth coronavirus relief package, and vowed to enact legislation by the end of the month.Mnuchin said in an interview with CNBC that he would not provide “specific details,” but added that the administration is…