Trump Administration's New Support Package Offer
Trump administration's new support package offer. US Treasury Secretary Mnuchin offered a $ 916 billion support package.
US Treasury Secretary Steven Mnuchin announced that he offered a $ 916 billion support package to the Chairman of the House of Representatives Nancy Pelosi for the implementation of the coronavirus (Covid-19) epidemic against the economic negativities.
Minister Mnuchin said he had a meeting with
Pelosi regarding the support package against the economic effects of the coronavirus (Covid-19) outbreak. Mnuchin stated that he offered a $ 916 billion support package on behalf of US President Donald Trump in his meeting, and noted that the said offer is slightly larger than the $ 908 billion offer offered by Republican and Democratic senators last week.
"This proposal includes robust fiscal liability safeguards for state and local governments, resources, businesses, schools, and universities," said Minister Mnuchin.
Treasury Minister Mnuchin added that $ 140 billion from funds not used under the Salary Protection Program and $ 429 billion from treasury funds will be used in the proposal.