"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."
Mnuchin said he is expecting a "big rebound" in the U.S. economy in the coming months, citing both the slow reopening of businesses and the $2 trillion stimulus relief money being dispensed to individuals and businesses alike.
"Our country's highest priority must be to address this public health crisis, providing care for the ill and limiting the further spread of the virus," Federal Reserve Chairman Jerome Powell said in a statement.
Prior to the pandemic, the U.S. was already expecting a budget deficit of about $1 trillion for the current fiscal year.
Steve Mnuchin laid out how Americans are likely set to receive more than $2 trillion in economic stimulus funds that the federal government is dispersing as a "bridge to get through" coronavirus shutdowns.
"Even the big moves that we're seeing right now in Congress are not going to be enough," Kevin Hassett told CNN.
The unemployment website in New York has been crashing, while unemployment claims in Ohio have already surged 14 times higher than last week.
"We need to provide our families with support right now. We have no time to waste," Congressman Joe Kennedy III tweeted on Wednesday.
The actress and wife of the U.S. treasury secretary posted an Instagram supporting the teenage climate activist.
The treasury secretary also told a London event that the U.S. is "prepared to dedicate a lot of resources" to a U.K. trade deal.
The 2019 U.S. federal deficit increased 26 percent over 2018 and has more than doubled since 2015, the Treasury Department said Friday.
"The president has gotten nothing in terms of the big ticket items," Maria Bartiromo said.
"The president of Ukraine said he was surprised to get an additional $140 million dollars," Todd said. "He said it was a pleasant surprise but that he was surprised."