The US government has "no problem issuing more debt" to stem the economic carnage caused by the coronavirus pandemic, Treasury Secretary Steven Mnuchin said on Thursday.
As Congress and President Donald Trump negotiate over a USD 1.3 trillion stimulus package aimed at tempering what many economists expect to be a forthcoming recession, Mnuchin said passing that measure is "the most important issue."
Once the stimulus bill is passed, Mnuchin predicted that American businesses would have greater access to credit and "you're going to see a stabilization."
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