U.S. Treasury's Mnuchin 'hopeful' for coronavirus aid compromise with Democrats

FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies during a Senate's Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress, in Washington, DC, U.S., September 24, 2020. Drew Angerer/Pool via REUTERS

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Wednesday he is “hopeful” that a deal for new coronavirus relief legislation can be reached between the White House and congressional Democrats, and the two sides should know by Thursday whether they have an understanding.

Mnuchin told a CNBC investor conference that he is continuing recently revived talks with House Speaker Nancy Pelosi and said he thinks they can “reach a reasonable compromise.”

Reporting by David Lawder; Editing by Chizu Nomiyama