Mnuchin: it is likely that the country will need a new anti-crisis package

The administration believes that it is too early to allocate additional funds.

US Treasury Secretary Steven Mnuchin said that Congress would probably have to pass another package to stimulate the US economy, while the country is trying to recover from the coronavirus pandemic.

“I think it’s highly likely that we will need another bill,” Mnuchin said Thursday at an online event hosted by the Hill newspaper.

However, he also repeated that the administration does not consider it necessary to allocate additional funds right now.

“We will wait a few weeks and think very carefully about whether we need to allocate more money and how to do it,” Mnuchin added. According to the Minister, last week, he spoke with the speaker of the House of Representatives Nancy Pelosi about the implementation of the anti-crisis package worth $ 2.2 trillion, which Congress passed at the end of March.

Last week, the House of Representatives approved the allocation of another $ 3 trillion, but the Republicans who control the Senate refuse to submit the initiative for consideration.

President Donald Trump and Senate majority leader Mitch McConnell have said they want to assess the effectiveness of previously allocated packages instead.