Mnuchin says $1 trillion GOP coronavirus relief plan ready

Treasury Secretary Steven Mnuchin, delivers remarks on the coronavirus relief package after the Senate Republican Policy luncheon in Russell Building on Tuesday, March 17, 2020.

Tom Williams | CQ Roll Call | Getty Images

Treasury Secretary Steven Mnuchin on Sunday said Republicans have finalized their latest piece of coronavirus relief legislation, worth about $1 trillion, and intend to introduce it Monday. 

“We do have an entire plan,” Mnuchin said on “Fox News Sunday.”  “The [Trump] administration and the Senate republicans are completely on the same page,” he added. 

Mnuchin said he hopes Congress can work in a bipartisan manner to approve the Republican proposal, which is expected to have another round of $1,200 stimulus checks for Americans and liability protections for businesses and schools.

It also will modify the federal unemployment insurance supplement to include about 70% wage replacement for individuals, he said, instead of the $600 weekly payment for all recipients. That benefit, which was a key component of the $2.2 trillion CARES Act, came to an end

“We can move very quickly with the Democrats on these issues. We’ve moved quickly before and I see no reason why we can’t move quickly again,” Mnuchin said. 

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