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World

US Treasury's Mnuchin says he presented $916 billion COVID-19 relief proposal to Pelosi

  • "As part of this proposal, we will fund it using $140 billion in unused funds from the Paycheck Protection Program and $429 billion in Treasury funds," Mnuchin said.
09 Dec 2020

WASHINGTON: US Treasury Secretary Steven Mnuchin said he presented a $916 billion proposal for coronavirus relief that includes money for state and local governments and liability protections for businesses during a conversation with Democratic House of Representatives Speaker Nancy Pelosi on Tuesday.

"As part of this proposal, we will fund it using $140 billion in unused funds from the Paycheck Protection Program and $429 billion in Treasury funds," Mnuchin said.