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Mnuchin: Virus aid package soon, $1,200 checks by August

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Posted at 6:13 PM, Jul 25, 2020
and last updated 2020-07-25 21:13:29-04

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin says Republicans are set to roll out the next COVID-19 aid package on Monday.

Mnuchin assures that the fine-tuned proposal has the support of President Donald Trump. The Treasury Secretary and the White House's acting chief of staff, Mark Meadows, met Saturday on Capitol Hill to salvage the $1 trillion proposal that was abruptly pulled back just days ago.

Mnuchin told reporters at the Capitol that extending an expiring unemployment benefit — but reducing it substantially — is a top priority for Trump.

Mnuchin’s optimistic assessment comes before Democrats weigh in publicly on the updated proposal, which remains only a starting point in negotiations.