Treasury Secretary Steven Mnuchin on Sunday said the federal government will spend more money to fund states, if necessary, amid the coronavirus pandemic.
Mnuchin was responding to a question by Fox News host Chris Wallace on whether the president supports giving hundreds of billions of dollars in aid to states.
"My comment on this is that this will be something that both the Senate and the House debate; it will be something we discuss on a bipartisan basis. The president has heard from governors, he wants to speak to governors. But our focus right now is really on execution and that's what we're focused on," he said during an appearance on "Fox News Sunday."
"We'll win this war, if we need to spend more money we will, and we'll only do it with bipartisan support."
Mnuchin also said the U.S. will need to look into sharply rising budget deficits created by the coronavirus support packages — a projection from the nonpartisan Congressional Budget Office released Friday claimed the deficit will mushroom to $3.7 trillion in 2020.
The deficit for 2021 is estimated to tally $2.1 trillion, double previous CBO estimates.
"We're going to need to look at over time how we deal with that issue," he said. "But right now, we're in a war and we have to protect American workers and American business, and we're going to do whatever we need to take to do that."
Solange Reyner ✉
Solange Reyner is a writer and editor for Newsmax. She has more than 15 years in the journalism industry reporting and covering news, sports and politics.
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