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White House proposes new 916 bln USD relief package to Congress

WASHINGTON
2020-12-09 09:21

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WASHINGTON, Dec. 8 (Xinhua) -- The White House on Tuesday proposed a new 916-billion-U.S. dollar COVID-19 relief package to Congress as the U.S. economy faces the risk of a double-dip recession.

"This proposal includes money for state and local governments and robust liability protections for businesses, schools and universities," U.S. Treasury Secretary Steven Mnuchin said Tuesday evening in a statement after presenting the proposal to Democratic House Speaker Nancy Pelosi.

Mnuchin said he has also reviewed the proposal with President Donald Trump and Republican congressional leaders.

"I look forward to achieving bipartisan agreement so we can provide this critical economic relief to American workers, families and businesses," he said.

The new proposal made by the White House marked the Trump administration's first move since Election Day to break a months-long standoff in relief talks.
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