Bloomberg Tax
June 10, 2020, 5:58 PM

Mnuchin Backs New Stimulus Targeted to Stragglers in Reopening

Saleha Mohsin
Saleha Mohsin
Bloomberg News

Treasury Secretary Steve Mnuchin said the U.S. needs additional fiscal stimulus -- particularly for businesses struggling to reopen from coronavirus-related closures -- even as he said the economy has started to recover.

“I do think the economy is going to rebound significantly, but there is still significant damage in parts of the economy,” Mnuchin told the Senate Small Business and Entrepreneurship Committee on Wednesday.

A fourth round of fiscal stimulus should include help for travel, retail and leisure businesses, and possibly more cash for American families, Mnuchin said Wednesday. The Trump administration has discussed a capital gains tax cut but ...

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