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.
