Treasury Secretary Steven Mnuchin said on "Fox News Sunday" that the White House may wait "a few weeks" before considering another relief bill to stem the economic devastation of the coronavirus.

The big picture: President Trump said last week that he's "in no rush" to negotiate a deal for another stimulus package, just as the U.S. reported its worst unemployment rates since the Great Depression.

  • White House economic adviser Larry Kudlow said on ABC's "This Week" Sunday that "many people would like to just pause for a moment" and "take a look at the economic impact of this massive assistance program."
  • He added that there are no "formal negotiations" yet on a new stimulus bill, but that there has been outreach between the two sides.
  • Meanwhile, House Speaker Nancy Pelosi (D-Calif.) has said that Democrats may introduce a "phase four" coronavirus stimulus bill as soon as this week.

What they're saying: "What the president and I are now saying is we spent a lot of money, a lot of this money is not even into the economy yet," Mnuchin said. "Let's take the next few weeks — I'm having discussions with both the Republicans and the Democrats to understand these issues. The president and I are having conversations with outside people."

  • "We just want to make sure that before we jump back in and spend another few trillion of taxpayers' money, that we do it carefully. We had an emergency process, it worked quickly, we're there to help the American people. ... We're willing to spend whatever it takes. But whatever it takes needs to be done carefully."
  • Mnuchin claimed there is "no considerable risk" to public health from rolling back lockdown orders in certain cities, arguing that there's more risk in keeping the lockdown in place due to the potential long-term economic damage.

Between the lines: Trump, Senate Majority Leader Mitch McConnell (R-Ky.) and Pelosi have each set out their red lines for the next phase of relief.

  • Trump has called for a payroll tax cut to incentivize employers to bring back workers, but the idea has been met with resistance from Democrats and some Republicans.
  • McConnell is demanding liability protection for businesses that reopen.
  • Pelosi and Democrats are calling for more funding for states that are suffering from massive revenue losses and budget deficits due to stay-at-home orders.

Go deeper: The geographic inequity of small business coronavirus aid

Go deeper

Biden hits Trump for vow to block USPS funding: "He doesn't want an election"

Kamala Harris and Biden at a COVID-19 event. Photo: Drew Angerer/Getty Image

Joe Biden responded to President Trump’s pledge on Thursday to block stimulus funding for the U.S. Postal Service and mail-in voting, telling reporters at an event with Sen. Kamala Harris: "Pure Trump. He doesn’t want an election.”

Why it matters: Trump claimed Thursday morning that any additional money for the USPS would be used to expand "universal" mail-in voting, which he has long argued, without evidence, will lead to massive voter fraud and a "rigged" election.

"A mad woman": Trump trains attacks on Harris, AOC, Pelosi

President Trump on Thursday attacked Sen. Kamala Harris, Rep. Alexandria Ocasio-Cortez and House Speaker Nancy Pelosi throughout an interview with Fox Business' Maria Bartiromo, respectively calling them "mad," "not even a smart person" and "stone cold crazy."

Why it matters: It's hardly the first time Trump has attacked prominent women.

Trump tightens screws on ByteDance to sell Tiktok

Illustration: Aïda Amer/Axios

President Trump added more pressure Friday night on China-based TikTok parent ByteDance to exit the U.S., ordering it to divest all assets related to the U.S. operation of TikTok within 90 days.

Between the lines: The order means ByteDance must be wholly disentangled from TikTok in the U.S. by November. Trump had previously ordered TikTok banned if ByteDance hadn't struck a deal within 45 days. The new order likely means ByteDance has just another 45 days after that to fully close the deal, one White House source told Axios.