+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Mnuchin says deal likely to fund government through December, keeping 'coronavirus discussion separate'

Sep 7, 2020, 16:29 IST
Business Insider
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin explained ongoing negotiations over a forthcoming stimulus package.Samuel Corum, Drew Angerer/Getty Images
  • US Treasury Secretary Steven Mnuchin on Sunday said he hoped "by the end of the week" to have reached a deal to fund the government "through the beginning of December."
  • The deal would fund the federal government at current spending levels.
  • It would not include additional stimulus or other spending related to the coronavirus pandemic.
Advertisement

The White House and congressional Democrats are likely to reach a deal this week to fund the federal government through December, US Secretary Steven Mnuchin said Sunday.

"We're going to move forward with a clean CR, hopefully through the beginning of December," Mnuchin told reporters at the White House, referring to the funding legislation known as a continuing resolution.

"I hope by the end of the week we'll have something firmed up," he added, according to Reuters. "Our current plan is to keep the coronavirus discussion separate."

A representative for House Speaker Nancy Pelosi last week said Democrats supported a "clean continuing resolution" that would extend funding for the federal government at existing levels.

The Trump administration and Senate Republicans have balked at passing House Democrats' coronavirus relief measure, the Heroes Act, which includes nearly $1 trillion in funding for state and local governments. The bill, which was approved by the lower chamber nearly four months ago, also includes direct payments of up to $1,200 a person.

Advertisement

Speaking with Fox News, Mnuchin said the White House also supported further stimulus but suggested any additional spending would be aimed at employers.

"We want to help small businesses, we want to help businesses that are particularly impacted by this, and we'll continue to work on proposed new legislation," he said.

Have a news tip? Email this reporter: cdavis@insider.com

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article