‘No one thinks the right outcome is zero’
Treasury Secretary Steven Mnuchin says “there is more work to be done” to help the U.S. economy recover from its pandemic-induced recession. But he and Democrats disagree on the scale of the problem, and the scope of the solution, making it hard to predict when — or if — lawmakers will strike a deal on another economic stimulus package.
Mr. Mnuchin and House Democrats painted different pictures of the economy at a congressional hearing yesterday:
- The Treasury secretary emphasized that the economy was “doing great” relative to the worst-case pandemic situations. He said that some of the job losses were due to “certain states are not opening up.”
