March 22, 2020 / 1:34 PM / 11 days ago

Virus aid bill includes $3,000 for families, $4 trillion liquidity for Fed -Mnuchin

WASHINGTON, March 22 (Reuters) - The coronavirus economic relief bill being finalized in Congress will include a one-time $3,000 payment for families and allow the Federal Reserve to leverage up to $4 trillion of liquidity to support the nation’s economy, U.S. Treasury Secretary Steven Mnuchin said on Sunday.

Mnuchin, speaking in an interview on the “Fox News Sunday” television program, said the additional liquidity measures for the U.S. central bank aims to help a broad base of U.S. businesses to get through next 90 to 120 days. (Reporting by Andrea Shalal and Susan Heavey; Editing by Bill Berkrot)

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