Mnuchin Spoke About Incentive Package

Mnuchin Spoke About Incentive Package US Treasury Secretary Mnuchin spoke about the incentive package. Mnuchin, with his statement on Wednesday, further dampened hopes for an agreement on the stimulus package. US Treasury Secretary Steven Mnuchin shared his thoughts on the stimulus package in his speech on Wednesday. Mnuchin expressed that he does not expect the stimulus package to be released before the presidential elections which will be held on November 3. Mnuchin and Speaker of the House of Representatives Nancy Pelosi are struggling to agree on a large-scale package to support the US economy affected by the coronavirus outbreak. Negotiators resumed talks on the financial aid package on Wednesday, although Democrats and Republicans remain divided over the content and size of the package. Speaking at a conference organized by the Milken Institute on Wednesday, Mnuchin noted that his talks with Pelosi were "extensive", but emphasized that there were significant differences of opinion between the two sides. Minister Mnuchin said that the prospect of reaching an agreement on the support package before the November 3rd elections and the approval of this package is very low. Mnuchin said “At this point, it will be difficult to reach an agreement before the elections and put it into practice." With the talks between Pelosi and Mnuchin on Wednesday, which lasted for about an hour, they compared the language of the framework of the administration's last $ 1.8 trillion package with the $ 2.2 trillion incentive plan of the House Democrats that Pelosi passed through the House this month. The parties agreed to meet again on Thursday.