July 20, 2020 / 4:28 PM / a month ago

Republicans kick off coronavirus relief talks with $1 trillion proposal - Mnuchin

U.S. Treasury Secretary Steven Mnuchin exits after testifying before the House Small Business Committee at the U.S. Capitol in Washington, DC, U.S., July 17, 2020. Kevin Dietsch/Pool via REUTERS

WASHINGTON (Reuters) - U.S. President Donald Trump has signed off on an effort to seek an additional $1 trillion in coronavirus economic relief, Treasury Secretary Steve Mnuchin said on Monday, as Republicans laid out their initial proposal for talks with Democrats.

“We’ll focus on starting with another trillion dollars. We think that will have a big impact,” Mnuchin told reporters as he met with Trump and the two top Republicans in the U.S. Congress.

Reporting by Steve Holland and Katanga Johnson; Editing by Tim Ahmann

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