U.S. Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday tha...
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies before the Senate Finance Committee during a hearing on Capitol Hill in Washington, U.S., February 12, 2020. REUTERS/Yuri Gripas
WASHINGTON - U.S. Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday that the country’s unemployment rate could hit 20% if they failed to act on a proposed coronavirus rescue package and there was lasting economic damage, a person familiar with the closed-door meeting said. Mnuchin met with senators to persuade them to pass a $1 trillion stimulus package that would send cash to Americans within two weeks and backstop airlines and other companies. The Senate is majority-controlled by President Donald Trump’s fellow Republicans.
A Treasury official said Mnuchin was not providing a forecast but trying to illustrate the potential risks of inaction. “During the meeting with Senate Republicans today, Secretary Mnuchin used several mathematical examples for illustrative purposes, but he never implied this would be the case,” Treasury spokeswoman Monica Crowley said in an emailed statement.The warning was similar to one issued to U.S.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Treasury Secretary warns US could see 20% unemployment rate due to coronavirus, source saysThe novel coronavirus has sent countries worldwide under lockdown, with border closures, school cancelations, and travel restrictions. Follow here for live updates
Baca lebih lajut »
Mnuchin warns senators lack of action could result in 20% unemployment rate, source saysTreasury Secretary Steven Mnuchin warned Republican senators Tuesday morning that without action the coronavirus pandemic could drive up US unemployment to 20%, a Republican Senate source told CNN.
Baca lebih lajut »
Mnuchin warns senators of 20% unemployment without coronavirus stimulusU.S. Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday tha...
Baca lebih lajut »
Mnuchin Reportedly Told GOP Senators Unemployment Could Reach 20%Congress is considering a $1 trillion stimulus to boost the economy in the wake of the coronavirus.
Baca lebih lajut »
20 Questions With Galantis: Producers on Dolly Parton, Punk & MoreGalantis, the dance music duo made up of Christian Karlsson and Linus Eklow, recall getting into music via punk rock and taking their millions of worldwide fans to &39;Church.&39;
Baca lebih lajut »