The Treasury secretary also said a payroll tax holiday, which President Donald Trump has repeatedly pushed for, "won't be in the base bill."
Dow futures cut their gains and turned lower Thursday after blue chips rose for a third session in a row.
Nasdaq futures pointed to a gain at Tuesday's open as seemingly coronavirus-proof tech stocks rallied again.
House Minority Leader Kevin McCarthy said he does not expect a coronavirus relief bill to pass this month as a key benefit is set to expire.
Dow and Nasdaq futures pointed to about 1% gains at Tuesday's open as seemingly coronavirus-proof tech stocks rallied again.
Congress is working on a tight timeline to pass another coronavirus relief bill as key unemployment insurance is set to expire.
Congress looks to pass a coronavirus relief bill as millions of Americans are set to lose the $600 per week federal unemployment benefit.
Mnuchin said the White House backs another direct payment and a change to the enhanced unemployment benefit in the next coronavirus relief bill.
Restaurants were among the biggest recipients of the Paycheck Protection Program, a key component of the government's response to the economic impact of the coronavirus pandemic.
"The Fed and Treasury decided not to let this become a depression," CNBC's Jim Cramer said Thursday after another month of surprising jobs gains.
U.S. stock futures jump even as U.S. coronavirus cases continued to surge. Dow stock Boeing gains more than 3% in the premarket.
U.S. stock futures rose on Monday even as U.S. coronavirus cases continued to surge. Dow stock Boeing jumped more than 3% in the premarket.
Sen. Rob Portman is proposing a $450-per-week "return to work" bonus while also extending the federal unemployment supplement at a lower amount.
Mnuchin's statements indicating the Treasury and SBA would not disclose the names of those who took out PPP loans angered high-ranking Democrats.
"That doesn't mean they can't go lower. And it doesn't mean they can't go higher," former Goldman Sachs executive Gary Cohn told CNBC.
Treasury Secretary Steven Mnuchin told CNBC that shutting down the economy for a second time to slow Covid-19 isn't a viable option.
A conversation on the latest market-moving news.
President Donald Trump, advisor Kevin Hassett and Treasury Secretary Steven Mnuchin all say more coronavirus stimulus could be coming.
Frustrations are mounting on Main Street due to a lack of guidance from the Small Business Administration on PPP loan forgiveness, a new survey shows.