High-stakes negotiations begin on $1T economic rescue

0
38
ANDREW TAYLOR and LISA MASCARO Associated Press WASHINGTON (AP) — Treasury Secretary Steven Mnuchin and Trump administration officials descended Friday on Capitol Hill to launch high-stakes negotiations with Senate Republicans and Democrats racing to draft a $1 trillion-plus economic rescue package amid the coronavirus outbreak. The closed-door convening is the biggest effort yet from Washington to shore up households and the U.S. economy as the pandemic and its nationwide shutdown hurtles the country toward a likely recession. Mnuchin wants Congress to vote by Monday. "We want to lay out the need for urgency and quick action," said Eric Ueland, the White House director of legislative affairs, entering the morning session. "The American people expect action." With Senate Majority L
Subscribe or log in to read the rest of this content.