Steve Mnuchin Thinks $1200 Will Final Households Up To 10 Weeks

Donald Trump

Treasury Secretary Steven Mnuchin, member of the White House coronavirus task force, joins Chris Wallace on 'Fox News Sunday'. What I do think is, we are gonna kill this virus, ' Mnuchin said.

Mnuchin said he anticipated at least a "rough" second quarter for the United States economy from lockdowns that the authorities have imposed and President Donald Trump said will last until the end of April.

Included are direct payments to many Americans, an unprecedented expansion in unemployment benefits and $350 billion in small business loans. "And we will create a web-based system for people where we don't have their direct deposit, they can upload it, so that they can get the money immediately as opposed to checks in the mail". "So this money is going to go into the economy very quickly".

"My number one objective is now delivering to the American workers and American companies the needed money that will put this economy in a position where it can get through the next eight to 10 weeks", Mnuchin said.

"I appreciate all of what you are doing in that you are saying it's going to take time to see if it is going to be successful or not", Brennan said, "but do you need to level with the American people here and tell them you simply don't know that all these jobs are going to come back?"

Families also get $500 per dependent child.

'It is very important for us that workers are protected, and this is a major part of the package'.

Congress and President Donald Trump passed the stimulus bill last week to address the dramatic economic crisis caused by the coronavirus pandemic.

Mnuchin said that there has not been a recommendation on when that might happen and insisted: 'The president wants to make sure that we kill this virus'.

"The loans to small businesses will be ready for processing this coming week, this coming Friday", Kudlow continued. Last week, the Department of Labor reported that unemployment claims for the week ending on March 21 surged to 3.28 million, shattering records.

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