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Mnuchin: U.S. will "definitely" need more economic stimulus measures

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

Jacob Knutson
Sep 17, 2020 - Health

Pew: 49% of Americans would not get COVID-19 vaccine if available today

A health care worker holds a COVID-19 vaccine at the Research Centers of America (RCA) in Hollywood, Florida on Aug. 13. Photo: Chandan Khanna/AFP via Getty Images

51% of U.S. adults would "definitely or probably" get a coronavirus vaccine if the treatment were available today, while 49% would not, according to a Pew survey published Thursday.

Why it matters: All major political and demographic groups said they are less likely to get a COVID-19 vaccine since May, Pew finds, although Republicans and Black adults are least likely.

Go deeper (1 min. read)Arrow
Orion Rummler
Sep 17, 2020 - Politics & Policy

Former Pence aide says she plans to vote for Joe Biden

President Trump in the Oval Office on Sept. 17. Photo: Oliver Contreras-Pool/Getty Images

Vice President Pence's former lead staffer on the White House coronavirus pandemic response announced on Thursday that she plans to vote for Joe Biden in the 2020 election, accusing President Trump of taking actions "detrimental to keeping Americans safe."

What she's saying: "It was shocking to see the president saying that the virus was a hoax, saying that everything's okay when we know that it not. The truth is that he doesn't actually care about anyone else but himself," said Olivia Troye, Pence's former homeland security, counterterrorism and coronavirus adviser.

Go deeper (1 min. read)Arrow
Sam Baker, Andrew Witherspoon
Sep 17, 2020 - Health

Coronavirus cases increase in 17 states

Expand chart
Data: The COVID Tracking Project, state health departments; Map: Andrew Witherspoon, Sara Wise/Axios

Coronavirus infections ticked up slightly over the past week, thanks to scattered outbreaks in every region of the country.

Where it stands: The U.S. has been making halting, uneven progress against the virus since August. Overall, we're moving in the right direction, but we're often taking two steps forward and one step back.

Go deeper (1 min. read)Arrow