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U.S. Markets

Mnuchin: Proposed economic relief could put $1 trillion into U.S. economy

WASHINGTON (Reuters) - Treasury Secretary Steven Mnuchin estimated that the economic measures President Donald Trump’s administration has proposed to deal with the effects of the coronavirus crisis would pump $1 trillion into the U.S. economy.

“We have put a proposal on the table that would inject $1 trillion into the economy,” he said on Tuesday after meeting with Republican senators. “Let me just say this is a combination of loans. This is a combination of direct checks to individuals. This is combination of creating liquidity for small businesses.”

Reporting by Lisa Lambert and David Morgan; Editing by Eric Beech

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