Treasury Secretary Mnuchin testifies about Covid-19 relief

[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.]

Treasury Secretary Steven Mnuchin testifies Tuesday before the House Select Subcommittee on the Coronavirus Crisis about the federal government’s support for the nation’s households and businesses harmed by the disease.

Mnuchin’s testimony before Congress will be his first since negotiations over additional stimulus stalled between the White House and top Democratic lawmakers.

While the nation’s top Republicans argue that improving economic data and the already-expansive CARES Act justify a smaller subsequent relief package, Democrats contend that the GOP fails to appreciate the severity of the pandemic and its impact on Americans.

White House chief of staff Mark Meadows told CNBC earlier on Tuesday that additional state and local aid from the federal government poses the biggest hurdle to a deal. 

Democrats have lobbied for nearly $1 trillion in aid to municipalities hit by revenue shortfalls as a result of the coronavirus crisis. Meadows, however, told “Squawk on the Street” that that figure was inaccurate and not “based on reality.” 

Subscribe to CNBC on YouTube. 

Source link




Lucid’s second model will be an SUV based on the Air

California-based Lucid is preparing to unveil the electric Air, its first regular-production model. It announced it will also give the world a peek...

President Donald Trump says he has tested positive for coronavirus

US President Donald Trump and First Lady Melania Trump return to the White House in Washington, DC, on September 11, 2020.Andrew Caballero-Reynolds |...

JP Morgan’s Jamie Dimon on taxing the rich, Donald Trump’s tax cuts

J.P. Morgan Chase CEO Jamie DimonGetty ImagesSINGAPORE — J.P. Morgan Chase's Chief Executive Jamie Dimon said he's not against higher taxes on the...

Body Shop will buy 600 tons of waste plastic

LONDON — Plastic pollution is a massive problem: more than a billion tons of plastic waste will end up in oceans or in...

Blood Test May Show Who Is at Risk of Severe COVID

By E.J. Mundell HealthDay Reporter ...