Mnuchin on further stimulus: 'We're willing to spend whatever it takes,' but it needs to be done 'carefully'

Treasury Secretary Steven MnuchinSteven Terner MnuchinNegotiators remain far apart on coronavirus deal as deadline looms On The Money: White House warns there's likely no deal with no agreement by Friday | More generous unemployment benefits lead to better jobs: study | 167K workers added to private payrolls in July Skepticism grows over Friday deadline for coronavirus deal MORE said on Sunday that the White House is willing to do “whatever it takes” to provide economic stimulus but said the Trump administration wants to wait before providing any further aid to states.

“What the president and I are now saying is, we spent a lot of money. A lot of money is not even into the economy yet,” Mnuchin told host Chris WallaceChristopher (Chris) WallaceKaren Bass: 'I'm not a socialist, I'm not a communist' Trump adviser Jason Miller: Biden running mate pick 'his political living will' Sunday shows - Stimulus debate dominates MORE on "Fox News Sunday."

“Let’s take the next few weeks” to allow the aid to take hold, he added.

“We just want to make sure that before we jump back in and spend another few trillion of taxpayers’ money that we want to do it carefully,” Mnuchin said. “We’re willing to spend whatever it takes. but whatever it takes needs to be done carefully.”

Mnuchin said the White House remains committed to including a payroll tax cut in a later relief bill, despite criticism that such a cut would be of limited use to Americans out of work.

While President TrumpDonald John TrumpLincoln Project ad dubs Jared Kushner the 'Secretary of Failure' Pence: Chief Justice Roberts 'has been a disappointment to conservatives' Twitter bans Trump campaign until it deletes tweet with COVID-19 misinformation MORE has said a payroll tax cut must be part of any further stimulus, Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellNegotiators remain far apart on coronavirus deal as deadline looms States begin removing Capitol's Confederate statues on their own Skepticism grows over Friday deadline for coronavirus deal MORE (R-Ky.) has said Senate Republicans will insist on liability protections for businesses that reopen against lawsuits from customers or workers who contract the coronavirus.

The Treasury secretary on Sunday also echoed Trump on state aid, saying, “We’ve been very clear that we’re not going to do this just to bail out states that are poorly managed.”