US treasury secretary to seek additional US$250 billion for small business

US treasury secretary to seek additional US$250 billion for small business

U.S. Treasury Secretary Steven Mnuchin said on Tuesday that he would seek an additional US$250 billion to support small businesses hurt by the widespread economic slowdown.

FILE PHOTO: FILE PHOTO-U.S. Secretary of the Treasury Mnuchin walks to the meeting for a coronaviru
FILE PHOTO: U.S. Secretary of the Treasury Steven Mnuchin walks to the meeting with Senate Minority Leader Chuck Schumer (D-NY) (not pictured) during negotiations on a coronavirus disease (COVID-19) relief package on Capitol in Washington, U.S., March 23, 2020. REUTERS/Joshua Roberts/File Photo

WASHINGTON: U.S. Treasury Secretary Steven Mnuchin said on Tuesday that he would seek an additional US$250 billion to support small businesses hurt by the widespread economic slowdown.

Mnuchin said on Twitter he had spoken with leading lawmakers from both parties regarding the additional money.

(Reporting by Diane Bartz; Editing by Chris Reese)

Source: Reuters

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