Economics
Mnuchin Floats Cash for Families, Airlines in $1.3 Trillion Plan
- Treasury lays out plan to support money market funds
- Mnuchin to send first check April 6 if Congress approves
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U.S. Treasury Secretary Steven Mnuchin’s goal to pump money into the economy quickly has him adding another decimal-point to his plan nearly every time he speaks.
It started with $850 billion on Monday, and on Tuesday he confirmed reports of a “big number” -- $1 trillion. On Wednesday the figure had reached $1.3 trillion for the next round of fiscal stimulus Congress plans to take up after the Senate passes a smaller package of measures that the House already passed.