Mnuchin Talks With Pelosi, Signals Urgency on New U.S. Stimulus

Treasury Secretary Steven Mnuchin said the U.S. economy urgently needs additional fiscal stimulus to fully rebound from the Covid-19 crisis, and he initiated a conversation with House Speaker Nancy Pelosi amid stalled negotiations on a relief package.

Although the U.S. is recovering from government-imposed shutdowns and jobs are returning, Mnuchin said parts of the economy still need additional support. But he stopped short of offering a fresh proposal to get Democrats back to negotiations.

“What is most important is that we deliver some relief quickly to the American workers impacted by this.” he said Tuesday at a House Select Subcommittee ...