Photo: Kevin Dietsch/Pool/AFP via Getty Images

Treasury Secretary Steven Mnuchin said Wednesday that he believes the U.S. will "definitely" need another bipartisan stimulus package while appearing before the Senate Small Business and Entrepreneurship Committee, Bloomberg reports.

The state of play: While House Democrats have passed their own $3.5 trillion version of the next stimulus package, Senate Republicans have stressed to the White House that the next round should be under $1 trillion — and don't think it's possible to pass such legislation until July or August.

Mnuchin said specific industries — like retail, travel and leisure — will be in desperate need of financial assistance as the country works to reopen amid the coronavirus pandemic.

  • "Whatever we do going forward needs to be much more targeted to the industries and small businesses that are having the most difficulty reopening as a result of COVID-19."
  • "I do think the economy is going to rebound significantly, but there is still significant damage in parts of the economy. We’re going to use all of our fiscal tools to work with Congress" to "restore this economy to where it was."

Go deeper: Trump says he's "in no rush" to pass new stimulus package

Go deeper

Updated Jul 3, 2020 - Health

U.S. coronavirus updates

Data: The COVID Tracking Project; Map: Andrew Witherspoon/Axios

Adm. Brett Giroir, the Health and Human Services official overseeing the nation's coronavirus testing efforts, expressed concern that the July 4 holiday weekend could worsen already troubled cities and cause new outbreaks for others.

The big picture: The annual Macy’s fireworks show in New York is taking place as five-minute displays throughout the week in unannounced locations to prevent viewers from congregating, the Wall Street Journal reports.

15 hours ago - Health

15 states broke single-day coronavirus records this week

Data: Compiled from state health departments by Axios; Map: Danielle Alberti/Axios

At least 15 states broke their single-day novel coronavirus infection records this week, according to state health department data reviewed by Axios.

The big picture: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Andrew Withershoop and Caitlin Owens report.

Updated 15 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 11,143,945 — Total deaths: 527,681 — Total recoveries — 6,004,593Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 2,818,588 — Total deaths: 129,584 — Total recoveries: 883,561 — Total tested: 34,213,497Map.
  3. States: Photos of America's pandemic July 4 ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: U.S. coronavirus infections hit record highs for 3 straight days.
  5. Politics: Trump extends PPP application deadlineKimberly Guilfoyle tests positive.
  6. World: Mexican leaders call for tighter border control as infections rise in U.S.
  7. Sports: 31 MLB players test positive as workouts resume.
  8. 1 📽 thing: Drive-in movie theaters are making a comeback.