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Banks

Mnuchin says 'a little bit' closer to larger virus aid deal

FILE PHOTO: Treasury Secretary Steven Mnuchin speaks to reporters in the U.S. Capitol in Washington, U.S. July 29, 2020. REUTERS/Erin Scott

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said after separate meetings with Democratic and Republican congressional leaders on Monday that the two sides were getting “a little bit” closer to agreeing on a larger package of coronavirus economic aid.

“We’re open to a bigger package if we can reach an agreement,” Mnuchin told reporters.

But White House Chief of Staff Mark Meadows, asked if Republicans would need to go above $1 trillion for a deal, told reporters “we’re so far apart right now that’s not even a valid question.”

Reporting by David Lawder; Writing by Mohammad Zargham; Editing by Sandra Maler

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