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Mnuchin: 'The president and I believe we should do more stimulus'

Treasury Secretary Steven MnuchinSteven Terner MnuchinBiden's Treasury pick will have lengthy to-do list on taxes On The Money: Initial jobless claims rise for 2nd week | Dow dips below 30K | Mnuchin draws fire for COVID-19 relief move | Manhattan DA appeals dismissal of Manafort charges Mnuchin to put 5B in COVID-19 relief funds beyond successor's reach MORE said Sunday that he and President TrumpDonald John TrumpBiden adds to vote margin over Trump after Milwaukee County recount Krebs says allegations of foreign interference in 2020 election 'farcical'  Republicans ready to become deficit hawks again under a President Biden MORE are in favor of further stimulus in response to the ongoing coronavirus pandemic.

“The president and I believe we should do more stimulus,” Mnuchin said on “Fox News Sunday.” “We have about 7 and a half million jobs we need to get back until we’re back to where we were, and we want to help small businesses. We want to help businesses that are particularly impacted by this, and we’ll continue to work on proposed new legislation.”

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Mnuchin told guest host Bret Baier that he believed negotiations with Democrats are stuck "both on certain policy issues but more importantly on the top line.”

Speaker Nancy PelosiNancy PelosiGovernors take heat for violating their own coronavirus restrictions Spending deal clears obstacle in shutdown fight Ocasio-Cortez, Cruz trade jabs over COVID-19 relief: People 'going hungry as you tweet from' vacation MORE (D-Calif.), Mnuchin said, “has refused to sit down and negotiate unless we agree to something like a $2.5 trillion-dollar deal in advance.”

“As you know, we put $3 trillion into the economy when the economy was completely shut down. We’ve now reopened the economy. Let’s do a more targeted bill,” he said.

Baier went on to ask if the White House hoped to move forward with a so-called skinny stimulus bill in the week ahead.

“I’d like to call it a more targeted bill, but, yes, our expectation is we will move forward with that next week,” Mnuchin said.

In the meantime, Mnuchin discussed his informal agreement with Pelosi to avert a government shutdown independent of coronavirus funds.

“The Speaker and I have agreed we both don’t want to see a government shutdown, so we are going to do a clean CR [continuing resolution],” he said. “I hope by the end of the week we can begin moving forward on that.”

“We haven’t agreed on the specific details,” Mnuchin said, adding that he expects it would go “through the beginning of December. That’s what we did this year.”