Global Macro Service > Research Briefings > United States

Coronavirus policy response cheat sheet (w/e 10 Jul)

Treasury Secretary Mnuchin revealed the outline of Republicans’ opening bid in negotiations over the next round of fiscal stimulus for later this month. New checks to households, but with a lower income cutoff, and extended jobless benefits, but at a less generous rate, are among the proposals. Mnuchin was reticent about support for state and local governments, but did not rule it out.

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