Steven Mnuchin and Mark Meadows will return to Capitol Hill Sunday afternoon to continue negotiations over the most recent $1 trillion coronavirus relief bill, which they claim will include a cut back on unemployment benefits and another round of stimulus checks.

Meadows, President Donald Trump's Chief of Staff, and Mnuchin, his Treasury Secretary, said Saturday that the next legislation will scale back unemployment benefits to up to 70 per cent of their normal wages in an effort to incentivize individuals to go back to work.

"We're not going to use taxpayer money to pay people more to stay home," Mnuchin told reporters outside the Capitol following a meeting with lawmakers Saturday, referencing the $600 bonus for those left without a job during the pandemic.

"I think workers and Americans understand the concept that you shouldn't be paid more to stay home than to work," Mnuchin reiterated during an interview with Fox News' Chris Wallae Sunday morning.

"The fair thing is to replace wages," he continued.

Mnuchin also vowed there will be a second round of $1,200 stimulus checks sent out in August.

The duo is hoping to negotiate with Senate Republicans over the specifics of the bill to gain a solid position before talks with House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer.