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Mnuchin Tells Congress to Act Quickly on Massive Stimulus Plan

  • GOP plan has $300 billion for smaller firms to meet payroll
  • Airlines would get $58 billion in loans and loan guarantees
Mitch McConnell on March 19.
Mitch McConnell on March 19.Photographer: Alex Wroblewski/Bloomberg
Updated on

The Trump administration pushed Congress to act by Monday to pass a massive stimulus package to prop up consumers, companies and local governments as the coronavirus pandemic chokes the U.S. economy.

Treasury Secretary Steven Mnuchin said he’d discussed the legislation with Senate Majority Leader Mitch McConnell, the chamber’s Democratic leader, Chuck Schumer, and House Speaker Nancy Pelosi and urged them to move fast because major parts of the economy have been “shut down.”