Doug McMillon, CEO of Walmart, speaks at the CEO Business Roundtable’s Innovation Summit in Washington, DC on December 6, 2018.
Janhvi Bhojwani | CNBC
Walmart CEO Doug McMillon on Thursday called on Congress to work together and pass a stimulus agreement to help American families and small businesses.
“For both sides, I think they need to remember that there are Americans who need them, who don’t really care about politics, are not really bound in these elections and just need help,” he said in an interview on CNBC “Squawk box. “
He said lawmakers on both sides of the aisle – including House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin – should work out an agreement even if they tinker with it and need to improve it over time.
“Doing nothing is not the first and best option,” he said.
During the coronavirus pandemic, Walmart hired more than half a million workers to keep pace with American demand for food, household items, and other items such as outdoor gear while preparing for a significant surge in e-commerce sales.
However, McMillon said the retailer, which has stores in cities across the country, saw families deal with very different financial circumstances during the coronavirus pandemic and recession.
“Not everyone is in the same camp,” he said. “There are people who are still at home, spending money on their home and doing things to redecorate it and things like that. But there are other people who struggle paycheck to paycheck – when they have a paycheck – and so many people are unemployed, we also see this pressure. “
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