Topic: Steven Mnuchin

Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin said Tuesday the economic slowdown brought on by coronavirus restrictions could last for a while, but the government is prepared for a recovery

The Treasury Department announced Monday it has begun to send 4 million Economic Impact Payments to Americans by prepaid debit card instead of by check.

Restaurant industry leaders called on President Donald Trump to extend the period businesses can spend loans under the Paycheck Protection Program during a roundtable at the White House on Monday.

Federal Reserve Chairman Jerome Powell said he believes the U.S. economy may not recover from the effects of COVID-19 until at least early 2021 depending on the development of a vaccine and a possible resurgence.

A lawsuit aims to secure $500 coronavirus economic relief payments for U.S. citizen children of undocumented immigrant parents who are ineligible for the payments despite paying taxes.

President Donald Trump said the federal government on Tuesday began distributing funds allocated to Native American tribes as part of the $2.2 trillion coronavirus relief bill signed in March.

National Economic Council Director Larry Kudlow said Sunday the Trump administration is waiting to execute the current round of funding for small business loans before deciding on a third round of funding.

The Department of Education and Education Secretary Betsy DeVos face a class-action lawsuit demanding a stop to garnishment of student borrowers' wages.

Authorities said they're looking into claims involving the Paycheck Protection Program that ineligible businesses may have improperly applied for and received millions in government-funded loans.

The Fed said U.S. businesses with as many as 15,000 employees are now eligible. Previously, it was limited to businesses with fewer than 10,000 workers.

A federal judge in Washington, D.C., ruled against the Trump administration, blocking stimulus funds set aside for tribal governments from going to corporations owned by Alaska Natives.

House Speaker Nancy Pelosi on Sunday said that Congress will provide coronavirus funding for state and local governments in a "very significant way" as part of a forthcoming stimulus bill.

The U.S. Treasury said Saturday it dispersed an additional $9.5 billion in aid to airlines, bringing the total stimulus to the industry to $12.4 billion during a slowing demand for travel.

Sixty-eight percent expressed a great deal to a fair amount of confidence in their governors, while 47 percent voiced the same measure of confidence in President Donald Trump.

Another 4.4 million Americans filed for new unemployment claims, the Labor Department said Thursday in its weekly report.