A flurry of legislation will be heading through Congress with the end of the fiscal year coming, and each of those could become a potential carrier for another stimulus package amid the continuing impasse in Congress over relief legislation, former White House Chief of Staff Mick Mulvaney said Monday.
"Let's look at what happens in the next couple of weeks," Mulvaney told CNBC's "Squawk Box." "A lot of payments to folks stop. Let's not discount this at all, it's hurricane season, which means what we call emergency funding season in Washington, D.C., so there's actually a couple of different bites at the apple, bills that have to pass."
There will be a great deal of emergency funding legislation to deal with hurricanes and wildfires, Mulvaney added, and the government must be funded by the end of September, which means there will be continuing funding legislation.
"Each of those becomes a possible carrier for another stimulus package," he said, but there is no rule either way about the size of such legislation.
Meanwhile, Mulvaney on Monday said he does not see much regulatory action on the market coming between now and the election, and if Democrat Joe Biden wins, there will likely be an "avalanche of regulations in a very short time."
He also said that if Biden is elected, there is a "good chance" he'll name Sen. Elizabeth Warren, D-Mass., as treasury secretary, but he's not suggesting that will definitely happen.
"Democrats will be more inclined towards heavy regulation regardless of who is over at [the Department of the] Treasury," he said. "I offer that as a potential suggestion. There's a bunch of other Democrats who would love the regulate the industry as heavily as she would."
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