The treasury secretary said the national debt won't be dealt with until after the COVID-19 pandemic.
The Treasury secretary said he believes "there is no question" ongoing COVID-19 restrictions are "the reason we have unemployment" during a Tuesday congressional hearing.
Talks for a bipartisan agreement on what stimulus measures to take continue to stall, with both sides calling for compromise.
More voters said they trust Democrats when it comes to handling jobs, health care and education.
"If we can get a fair deal, we're willing to do it this week," Treasury Secretary Steve Mnuchin said.
"These policy announcements provide little real help to families," Democratic leaders said.
After signing his recent executive orders, the president said, "I plan to forgive these taxes and make permanent cuts to the payroll tax."
"There's a handful of very big issues that we are still very far apart," Treasury Secretary Steve Mnuchin told reporters.
5.4 million unemployed Americans could run out of money to pay for things like rent, auto payments, credit cards, health insurance, food, and clothing by the end of this month.
"The speaker of the House and the Democratic Leader are continuing to say 'our way or the highway,'" Senate Majority Leader McConnell said Monday.
Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi on Sunday offered widely differing views on what to do about the country's more than 30 million unemployed workers.
"If you've lost your job through no fault of your own, Republicans want you to take a 30% pay cut. Can you believe that?" Senate Minority Leader Chuck Schumer tweeted.
"The check is there, the re-employment bonus is there," White House economic adviser Larry Kudlow said.
Treasury Secretary Steven Mnuchin said the next coronavirus relief package is set to be rolled out on Monday.
The president is "going to work very hard to achieve more stimulus to get the economy back to where it was," the secretary of commerce said.
Who got the money in the SBA's Paycheck Protection Program?; Facebook troubles; another way to look at the U.S. COVID stats; and the showdown over unemployment benefits.
Treasury Secretary Steve Mnuchin wouldn't give details on what the next round of payments could look like but said the White House does support them.
With parents facing a choice of returning to work or staying home with kids, the White House is hoping to address school reopenings in the next wave of stimulus funding.
Decoupling, the process of separating two countries' economies and supply chains, would represent a major change in U.S.-China relations.
The truth behind the stock market surge (we think); Jerome Powell testifies; and why Steven Mnuchin doesn't want you to know who got small biz loans.
Congressman Max Rose urged the IRS and Treasury Department to push back the tax filing and payment date by an additional three months in a letter issued Friday.
"I think we have learned that if you shut down the economy you're going to create more damage, and not just economic damage," Mnuchin said during an inteview on CNBC.
More than $1 trillion in additional funding from the federal government will be necessary, the Economic Policy Institute suggested.
"The expansions announced yesterday to the Main Street Lending Program are the result of an extensive comment period, and are designed to better meet the needs of small and medium-sized businesses," said U.S. Department of Treasury Secretary Steven Mnuchin in a statement.
Mnuchin said he hoped the next stimulus bill has the "overwhelming bipartisan support" that the CARES Act had.
The Treasury Department reported that the national deficit jumped by $738 billion last month.
Steven Mnuchin called on California to make it possible for Tesla to reopen "quickly and safely" after CEO Elon Musk threatened to move its headquarters out of state.
"My numbers aren't rosy," the treasury secretary responded.
"It has come to our attention that some private schools with significant endowments have taken #PPP loans," Mnuchin wrote on Twitter, "They should return them."
Treasury Secretary Steve Mnuchin offered a more optimistic assessment, saying that the economy would "really bounce back in July and August."