Coronavirus aid bill includes $3,000 for families, $4 trillion liquidity for Fed - Mnuchin


  • World
  • Sunday, 22 Mar 2020

FILE PHOTO: Treasury Secretary Steve Mnuchin takes a phone call in the hall outside a meeting to wrap up work on coronavirus economic aid legislation to prevent the spread of coronavirus disease (COVID-19) in Washington, U.S., March 21, 2020. REUTERS/Mary F. Calvert

WASHINGTON (Reuters) - The coronavirus economic relief bill being finalised by the U.S. Congress will include a one-time $3,000 (£2,573.34) payment for families and allow the Federal Reserve to leverage up to $4 trillion (£3.43 trillion) of liquidity to support the nation's economy, U.S. Treasury Secretary Steven Mnuchin said on Sunday.

Mnuchin, speaking on the "Fox News Sunday" television programme, said the additional liquidity measures would allow the U.S. central bank to help a broad base of businesses to get through next 90 to 120 days.

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