Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin on Tuesday said that while the U.S. economy is rebounding during the CCP virus-induced downturn, more government aid is likely needed. Mnuchin said he was ready to resume negotiations with top Democrats after talks stalled on a stimulus package last month. With the Senate gearing up for a battle over President Donald Trump's Supreme Court nominee before the election, there has been less incentive to pass a pandemic relief deal. “We are in a very different situation than we were the last time” when Congress passed the $2.2 trillion CARES Act in March to offset losses incurred by the CCPRead More From Source
