Treasury Secretary Steven Mnuchin said Wednesday that the U.S. economy has begun to rebound from coronavirus closures and will “improve dramatically” over the second half of the year, but that more fiscal support will be needed, especially for hard-hit sectors.
“I definitely think we are going to need another bipartisan legislation to put more money into the economy,” Mnuchin said at a hearing of the Senate Small Business and Entrepreneurship Committee. He later added: “We absolutely believe small business — and, by the way, many big businesses in certain industries — are absolutely going to need more help.”
Mnuchin said that the administration does not want to rush that legislation but plans to spend the next 30 days considering what should go into the next package and would “seriously look” at whether more direct stimulus payments should be included. “Whatever we do going forward needs to be much more targeted