Mnuchin Says ‘Strong Likelihood’ for More Virus Spending (1)

Treasury Secretary Steven Mnuchin said Congress will very likely need to pass more stimulus legislation for the U.S. economy, as the nation struggles to recover from the coronavirus outbreak.

“I think there is a strong likelihood we will need another bill,” he said Thursday at an online event hosted by The Hill newspaper -- but he also reiterated the Trump administration’s position that more stimulus isn’t needed immediately.

“We’re going to step back for a few weeks and think very carefully if we need to spend more money and how we’re going to do that,” Mnuchin said. He said he ...