Mnuchin Says More Stimulus? Sure, Don’t Worry About Deficit!

After Senate lawmakers were unable to pass a pared-down economic stimulus package last week, Treasury Secretary Steven Mnuchin CNBC Monday that despite a “great rebound,” there are “clearly” areas of the economy that still need support. He added that fear over adding to the national debt shouldn’t prevent Congress from passing another stimulus bill.

$3.3 trillion is how high the Congressional Budget Office expects the federal deficit to be this year as a result of historic economic stimulus spending.

For the first time since World War II, the national debt is expected to exceed the entire size of the U.S. economy in the next fiscal year.