Sunday, 22 March 2020

Coronavirus aid bill includes $3,000 for families, $4 trillion liquidity for Fed - Mnuchin

Coronavirus aid bill includes $3,000 for families, $4 trillion liquidity for Fed - MnuchinThe coronavirus economic relief bill being finalized by the U.S. Congress will include a one-time $3,000 payment for families and allow the Federal Reserve to leverage up to $4 trillion of liquidity to support the nation's economy, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Mnuchin, speaking on the "Fox News Sunday" television program, said the additional liquidity measures would allow the U.S. central bank to help a broad base of businesses to get through next 90 to 120 days. Trump administration officials hoped to finalize the legislation on Sunday and see a vote on Monday, Mnuchin said, adding that further steps could be taken if the crisis did not abate in 10 to 12 weeks.




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