On the heels of the largest stimulus package passed in U.S. history, lawmakers on Capitol Hill and administration officials are contemplating yet another piece of legislation to provide economic relief amid the coronavirus outbreak.
The latest indication came Monday, when Treasury Secretary Steven Mnuchin said he would be willing to ask Congress for more money for small businesses and those in the private workforce should it be necessary.
A key piece of the $2.2 trillion relief bill passed last week is $350 billion in funding for small businesses. Businesses with fewer than 500 employees are eligible for up to $10 million in loans, which can be used for payroll and other expenses, like insurance premiums, mortgages, rent or utilities.
“This is a very popular program with Republicans and Democrats, and the president likes it a lot,” Mnuchin told Fox Business’ Stuart Varney Monday. “If we run out of money, and this is a huge success, we will absolutely go back to Congress and ask for more money.”
Congressional Republicans and Democrats also had signaled over the weekend that there could be a fourth coronavirus response bill.