US Treasury Secretary Mnuchin said that they are looking to inject $1 trillion into the economy on top of the $300 billion in deferred tax payments with the relief package proposal. “Congress should be concerned about workers and small businesses,” Mnuchin added. “This is not the time to worry about the US budget deficit.” “Senate approval of the economic relief bill already passed by the House is an ongoing discussion,” Mnuchin concluded, per Reuters. Market reaction Although major equity indexes in the US retreated from session highs in the last hour, they remain on track to end the day with decisive gains. As of writing, the Dow Jones Industrial Average was up 2.5% on the day while the S&P 500 and the Nasdaq Composite were adding 3.9% and 4.1%, respectively. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Watch live: The Chancellor is the UK, Rishi Sunak is updating the House on the economy FX Street 2 years US Treasury Secretary Mnuchin said that they are looking to inject $1 trillion into the economy on top of the $300 billion in deferred tax payments with the relief package proposal. "Congress should be concerned about workers and small businesses," Mnuchin added. "This is not the time to worry about the US budget deficit." "Senate approval of the economic relief bill already passed by the House is an ongoing discussion," Mnuchin concluded, per Reuters. Market reaction Although major equity indexes in the US retreated from session highs in the last hour, they remain on track to end the day with… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
