Senate moving at 'warp speed' in coronavirus response

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Senate moving at 'warp speed' in coronavirus response
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The Senate is planning to pass a $1 trillion-plus proposal to address the coronavirus pandemic, and the chamber won't leave town until it does.

That's a staggering amount of money, particularly to turn around and shovel out in a matter of days. That, more than anything else, underscores just how bad lawmakers, based on what they've been told by US economic officials, believe this is about to get economically for the country as the spread of the coronavirus accelerates. Bottom lineThis won't be clean or easy.

This package is about to get a lot bigger than $1 trillion. About Mnuchin's unemployment projectionSpeaking of blinking red, the word out of the closed-door meeting between Mnuchin and Senate Republicans that Mnuchin projected the possibility of 20% unemployment due to the coronavirus economic fallout is jaw dropping. Bloomberg News first reported the comments, which CNN's Jeremy Diamond confirmed.

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