US Treasury Secretary urges Senate to pass USD2 trillion stimulus package

24 March, 2020

US Treasury Secretary Steven Mnuchin urged the US Senate to pass a USD2 trillion stimulus package, calling it "a massive liquidity programme". (Reuters, 24-Mar-2020). He noted assistance for domestic airlines is still being arranged and might include government equity stakes in airlines, however he cautioned it "is not a slush fund" and would occur "on market terms".