May 4, 2020 / 1:18 PM / a month ago

US Treasury's Mnuchin cautious on need for more federal coronavirus relief aid

WASHINGTON, May 4 (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Monday said bipartisan discussions have begun on whether more federal government relief funding is needed amid the nation’s coronavirus outbreak, but that President Donald Trump is focused on tax changes and the travel industry.

In an interview on Fox Business Network, Mnuchin said the Trump administration was prepared to back additional coronavirus stimulus money for American businesses if needed, but that right now it was carefully monitoring the economy as some states restart activity. (Reporting by Susan Heavey; additional reporting by Lisa Lambert Editing by Chizu Nomiyama)

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