Trump believes that you can extend the program of assistance to small businesses

In the United States, the Minister of Finance Stephen Mnuchin and the head of the Federal Reserve System Jerome Powell are testified in the Senate Committee on Banks about the opposition of pandemia. In particular, errors made when allocating previously approved anti -crisis packages totaling about 3 trillion dollars.

Economic activity in the United States is gradually resuming in many states. At the same time, the action of a two -month program for inflicting funds into a small business - to prevent dismissals. In response to calls to extend the action of this program, President Donald Trump expressed confidence that to do this "should be just, " the Voice of America reports.

Other programs - in particular, assistance to large business and issuers of municipal bonds - are just starting to act. Stephen Mnuchin expressed the hope that in the third and fourth quarters the economic conditions in the country will improve. According to him, according to the optimistic scenario of the development of events, the markets will open and new lending mechanisms will not be needed.

In connection with the issues of technical failures that caused delays in payments on small businesses, as well as sharp changes in the rules, because of which many large restaurant networks with access to capital markets had to return funds under the threat of an audit, Mnuchin emphasized that government departments are working together to solve these problems.

Employees of life support services "risk life for a very low salary, and they are still worried about how to pay the bills." "Is it honest?" - Mnuchin asked the Senator Democrat from the state of Ohio Sherrod Brown.

When Mnuchin expressed gratitude to the employees of life support services, Brown interrupted him: “To thank you is fine, but is it honest that our economy pays for life support services so little under such working conditions?”