UPDATED 1:23 PM PT – Tuesday, August 18, 2020
Treasury Secretary Steven Mnuchin is calling on Democrat Party officials to resume talks on a new round of coronavirus relief.
During an interview Tuesday, he said President Trump’s latest proposals focus on encouraging employment and helping small businesses that create some 50 percent of all jobs in the U.S.
“He wants us to provide money for kids and jobs,” Mnuchin explained. “And the second round of PPP and direct payments are a clear part of that.”
The secretary also noted that Democrats must come to the table to advance the economic recovery.
“The good news is despite Congress not acting because (Chuck) Schumer and (Nancy) Pelosi aren’t willing to sit down and strike a reasonable deal, the president moved forward with the EO to help people who are still unemployed,” he continued.
— Steven Mnuchin (@stevenmnuchin1) August 12, 2020
Mnuchin noted that Democrats have yet to reduce the size of their proposed $3.5 trillion relief bill, but they seem unwilling to compromise so far.
“The good news is we’re moving forward,” he stated. “The president’s EO on unemployment, we now have many states moving through that process. ”