×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Trump Administration | mnuchin | lockdown | opening | virus | trump

Mnuchin Says Rising Budget Deficits to Be a Focus 'Over Time'

Mnuchin Says Rising Budget Deficits to Be a Focus 'Over Time'

Sunday, 26 April 2020 10:22 AM

Treasury Secretary Steven Mnuchin said that “over time” the U.S. will need to look into the sharply rising budget deficits created by the multi-trillion-dollar coronavirus support packages.

Right now “we’re in a war,” Mnuchin said on “Fox News Sunday.” “We’re going to do whatever we need” to support the economy.

The good news, Mnuchin said, is that “interest rates are extremely low and we’re locking in long-term rates” at those levels.

As Treasury and the Small Business Administration prepare to roll out a second tranche of the Paycheck Protection Program, designed by Congress to help small businesses get through Covid-19-related shutdowns, Mnunchin said he was confident that the average loan size would be smaller than in the first round.

© Copyright 2021 Bloomberg News. All rights reserved.


Politics
Treasury Secretary Steven Mnuchin said that "over time" the U.S. will need to look into the sharply rising budget deficits created by the multi-trillion-dollar coronavirus support packages.Right now "we're in a war," Mnuchin said on "Fox News Sunday." "We're going to do...
mnuchin, lockdown, opening, virus, trump
119
2020-22-26
Sunday, 26 April 2020 10:22 AM
Newsmax Media, Inc.
More Articles
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved