Companies may borrow up to 2.5 times their payroll, or up to $10 million, which can be used for payroll and other expenses.
Three Wall St. firms will work with three law firms for coronavirus airline industry relief.
JPMorgan Chase & Co told business clients it might not be able to begin accepting applications on Friday as officials have promised.
A key piece of the largest relief bill in recent memory is the $350 billion in funding for small businesses.
The White House coronavirus task force unanimously recommended a travel advisory for the New York tri-state area.
Businesses with fewer than 500 employees are eligible for the loans, which can be used for payroll and other expenses, like insurance premiums.
Treasury Secretary Mnuchin is pushing for direct deposits of approximately $3,000 for the average family of four.
He reiterated that any small business with fewer than 500 employees is eligible for a loan amounting to two months of payroll and some overhead.
Congress's proposed response to the economic shutdown caused by the coronavirus pandemic includes approximately $3,000 for the average family of four, Treasury Secretary Steve Mnuchin told "Fox News Sunday."
Mnuchin said he encourages all taxpayers who may have tax refunds to file now to get their money.
Treasury Secretary Steven Mnuchin told FOX Business' Maria Bartiromo the White House is working on sending $1,000 checks to most adults and $500 checks to children.
If the administration were to take no relief action, the rate could near levels seen during the Great Depression, the Treasury secretary said.
US markets will stay open but other options have been discussed amid coronavirus swings.
The CEOs of Delta and United Airlines have both confirmed that they've spoken with government officials about potential federal aid.
Mnuchin said he speaks regularly with Federal Reserve Chairman Jerome Powell, though he declined to provide further details about their conversations.
Lawmakers came together for the Families First CoronaVirus Response Act late Friday.
The stock volatility has the Fed Chair and Treasury Secretary in constant communication.
The tax agency has to build cash rooms in order to collect tax revenues, the U.S. Treasury Secretary said.
Global rules are being developed to make digital companies pay tax where they do business, rather than where they register subsidiaries
The U.S. expects China to be able to meet its commitments under the "phase one" trade deal, despite a coronavirus that has killed hundreds and closed stores and factories in East Asia, Treasury Secretary Steven Mnuchin said on "Mornings with Maria" Thursday.