Header Ads

Breaking News

If we don't see a bounce back, we have contingency plans: Treasury Secretary Steven Mnuchin





CNBC’s Steve Liesman reports Treasury Secretary Steven Mnuchin’s update on the White House’s coronavirus response plans.

U.S. Treasury Secretary Steven Mnuchin said he is keeping some $259 billion worth of coronavirus aid capital in reserve for new or expanded Federal Reserve lending programs, but is not considering further aid to airlines at the moment.

Mnuchin told reporters during a video news briefing that all of the unallocated capital would go to broad-based Fed lending programs.

“I didn’t want to allocate all the money up front,” Mnuchin said on a Zoom chat. “I wanted to leave some in reserve to see how each one of these programs did, to see if the programs needed more money and to see if we needed to do more programs.”

For access to live and exclusive video from CNBC subscribe to CNBC PRO:
https://cnb.cx/2JdMwO7

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC
#CNBC TV

source

No comments