Treasury Secretary Says Trump Administration Ready to ‘Put More Money on the Table’ for Stimulus Negotiations
Treasury Secretary Steven Mnuchin addressed the failed stimulus negotiations between Congress and the White House in an interview with CNBC.
“We’re willing to put more money on the table,” he said, “We’re not stuck at $ 1 tn, but we’re not going to go for unlimited amounts of money that makes no sense.”
President Donald Trump then signed executive orders Saturday night that would provide relief now for Americans, though many do not know how those executive orders will be carried out.
“If we can reach a fair deal, we will do it this week.” he said.
Mr Mnuchin reiterated, however, that the Trump administration was still determined to oppose providing more assistance to state and local governments, a position that Democrats are also reluctant to budget. How the two sides will be able to negotiate with each other on this position remains to be seen.