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Treasury Secretary Mnuchin expects direct stimulus checks to be released next week, says he ‘couldn’t be more pleased’ about deal

Americans who qualify for the next set of economic relief payments could see direct deposits arrive as soon as next week, Treasury Secretary Steven Mnuchin said Monday. Congressional leaders on Sunday struck a deal on a $US900 billion stimulus bill that includes $US600 payments, bolstered unemployment benefits, and small-business aid. […]
Treasury Secretary Mnuchin expects direct stimulus checks to be released next week, says he ‘couldn’t be more pleased’ about deal
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The COVID-19 stimulus deal includes a tax break for business lunches pushed by Trump, in exchange for measures that help the poor, report says

Included in the still-secret details of the COVID-19 stimulus deal struck Sunday is a “three-martini lunch” tax break for corporations, according to The Washington Post. Officials familiar with the negotiations told the paper that the measure is in a draft of the proposal. The corporate tax break would allow companies […]
The COVID-19 stimulus deal includes a tax break for business lunches pushed by Trump, in exchange for measures that help the poor, report says
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Mitch McConnell trashed Democrats for holding up aid to jobless Americans — but the GOP stimulus plan contains zero dollars in extra federal unemployment benefits

Mitch McConnell trashed Democrats for delaying aid to unemployed Americans – but the proposal he’s supports includes no extra federal unemployment benefits and limited jobless aid. “There are Americans who’ve been thrown out of work through no fault of their own who are watching federal aid programs tick toward expiration […]
Mitch McConnell trashed Democrats for holding up aid to jobless Americans — but the GOP stimulus plan contains zero dollars in extra federal unemployment benefits
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‘Unacceptable’: Democrats reject new White House proposal that would slash weekly unemployment benefits in exchange for one-off $600 stimulus checks

Democratic leaders are rejecting a new coronavirus relief package unveiled Tuesday by Treasury Secretary Steven Mnuchin. The White House proposal calls for new $US600 direct payments to Americans but would fund them by taking money from a proposed boost in unemployment benefits. “That is unacceptable,” House Speaker Nancy Pelosi and […]
‘Unacceptable’: Democrats reject new White House proposal that would slash weekly unemployment benefits in exchange for one-off $600 stimulus checks
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White House proposes $916 billion coronavirus package that includes $600 stimulus checks and no federal unemployment benefit

US Treasury Secretary Steven Mnuchin said Tuesday that shared a $US916 billion stimulus proposal with House Speaker Nancy Pelosi. The proposal “includes money for state and local governments,” Mnuchin said, “and robust liability protections for businesses, schools, and universities.” Mnuchin made no mention of new stimulus checks, but the package […]
White House proposes $916 billion coronavirus package that includes $600 stimulus checks and no federal unemployment benefit
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Treasury Secretary Mnuchin is moving $455 billion of unspent stimulus money into a fund the incoming Biden administration can’t deploy without Congress

Treasury Secretary Steven Mnuchin is moving $US455 billion in unspent stimulus money into a fund that the incoming Biden administration cannot deploy without Congress, Bloomberg reported on Tuesday. It will leave Mnuchin’s likely successor, Janet Yellen, with only $US80 billion in relief funds at her discretion. Experts say Mnuchin’s move […]
Treasury Secretary Mnuchin is moving $455 billion of unspent stimulus money into a fund the incoming Biden administration can’t deploy without Congress
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Mitch McConnell says Congress should redirect unspent stimulus money to prop up small businesses, backing Mnuchin in his fight against the Fed

McConnell backed Treasury’s Mnuchin in his extraordinary clash with the Federal Reserve. Both want Congress to reallocate unspent stimulus funds to support small businesses. “American workers should not lose their jobs needlessly when a second round of the job-saving Paycheck Protection Program for the hardest-hit small businesses would make a […]
Mitch McConnell says Congress should redirect unspent stimulus money to prop up small businesses, backing Mnuchin in his fight against the Fed
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The Fed and the Treasury are butting heads over more emergency relief at a time when spiking virus cases make cooperation more important than ever

The nation’s top two economic-policy officials locked horns on Thursday, a rare public disagreement as the coronavirus pandemic worsens and the pace of economic recovery weakens. Treasury Secretary Steven Mnuchin called for the Federal Reserve to return funds allocated to a spate of emergency lending facilities, leaving five programs to […]
The Fed and the Treasury are butting heads over more emergency relief at a time when spiking virus cases make cooperation more important than ever
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Treasury Secretary Mnuchin wants to redirect $580 billion of unspent stimulus money to prop up small businesses and extend unemployment benefits

Treasury Secretary Steven Mnuchin wants to funnel unspent stimulus money into the American economy, he said on Thursday evening. “I hope that Congress will seriously consider reallocating $US580 billion of funds that have already been appropriated that wouldn’t cost taxpayers an additional penny,” Mnuchin told Bloomberg. That move would require […]
Treasury Secretary Mnuchin wants to redirect $580 billion of unspent stimulus money to prop up small businesses and extend unemployment benefits