Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin on Tuesday said that while the U.S. economy is rebounding during the CCP virus-induced downturn, more government aid is likely needed.
Mnuchin said he was ready to resume negotiations with top Democrats after talks stalled on a stimulus package last month. With the Senate gearing up for a battle over President Donald Trump’s Supreme Court nominee before the election, there has been less incentive to pass a pandemic relief deal.
