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U.S. Senate Committee on Banking, Housing, and Urban Affairs

11/20/2020 | Press release | Distributed by Public on 11/20/2020 09:56

Brown Blasts Mnuchin For Cutting off Economic Help

November 20, 2020

Brown Blasts Mnuchin For Cutting off Economic Help

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after Secretary Mnuchin requested the Federal Reserve return CARES Act money to Treasury:

'There can be no doubt, the Trump administration and their congressional toadies are actively trying to tank the U.S. economy. For months, they have refused to take the steps necessary to support workers, small businesses, and restaurants. As a result, the only tool at our disposal has been these facilities. With this action, there can now be no doubt: Steven Mnuchin will go down as the worst Treasury Secretary in our nation's history.'

Brown recently joined his colleagues in pushingthe Treasury and Federal Reserve to extend key facilities.

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