Treasury secretary Mnuchin speaking on CNBC

  • Trump administration is focused on jobs
  • Economists expected US to lose 40 million jobs. Only loss the 22 million jobs and have gained back a million jobs since the low
  • The Presidents economic plans are working
  • Want to make sure that airlines have liquidity so they have backstops
  • restaurants, hotels and airlines will clearly need more help
  • believes some airlines will need to use coronavirus treasury loan agreements
  • highly optimistic great progress will be made on vaccines by the end of the year
  • to support another round of stimulus via direct deposit into bank accounts
  • will be US priority to get something done between the 20th July and the end of the month
  • had a call with McConnell yesterday on relief
  • want to make it so people are incentivized to go back to work
  • any extension around PPP will be much more targeted toward businesses that need it most
  • many businesses want to hire more people today