He says that, while the Great Depression was an economic crisis, the American economy was forced to nearly completely shut down in 2020 because of COVID-19, which is why it's more damaging than the Depression.
Mr. Mnuchin said Congress moved quickly on passing roughly $3 trillion in economic rescue legislation created to prop up a largely shuttered economy that's been severely damaged by the virus.
Mnuchin acknowledged on Sunday that the real unemployment rate in the U.S. Some of Trump's top economic advisers emphasized on Sunday, May 10, the importance of states getting more businesses and offices open. He says, "you are going to have a very, very bad second quarter".
"Inside the numbers is a glimmer of hope", Kudlow said Sunday on the ABC News program "This Week".
The U.S., with almost 80,000 coronavirus deaths, has recorded far more deaths than any other country in the world.
"We have to understand that we're riding this tiger, we're not directing it", said Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota, interviewed on NBC's "Meet the Press".
"We have not used the eight weeks as well as we could have, unfortunately", said Shaman.
Mnuchin said the White House was willing to spend "whatever it takes" during the coronavirus crisis to bolster the economy - but said there should be a close look first at how the massive relief packages are working.
"We are absolutely pushing for the payroll tax cut", Mnuchin said on Fox, calling it a means of "delivering money to American public and business in a very effective way".
On the other hand, the situation within the administration suggests the virus is still a danger.
"There is not going to be bipartisan support that bails out states from previous problems", Mnuchin told CNBC on Monday morning. Last month, Congress passed a bill that allotted $2.2 trillion to offset a number of different economic losses as people get laid off from work, furlough, or as small businesses shutter.
Le Canadien accorde un contrat de recrue à Cameron Hillis
Il a été choisi en troisième ronde (66e au total) des Canadiens lors du repêchage en 2018. Au cours de son séjour avec le Storm, il a accumulé 54 buts et 110 aides en 155 parties.
Pope Francis Urges Governments Hire more Nurses | coronavirus
And many people die. "We are a bit unaware of the tragedies that are happening in the world at this moment". 14 we may also pray. Nurses are "among the saints next door", Pope Francis said in a message for the International Nurses Day on 12 May.
WNBA postpones start of regular season due to COVID-19
We look ahead to coming collectively to get pleasure from Storm basketball video games when its protected for us to collect. Although the league didn't make it official until today, the move was long expected due to the coronavirus pandemic.
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Une tendance se dégage pour l'avenir de Tuchel — PSG
La direction francilienne n'a donc pas d'intérêt à évincer l'Allemand, en accord avec les objectifs. Dès lors, l'avenir de Tuchel à Paris semble assuré, pour les prochains mois au moins.Coronavirus: Twitter employees can work from home 'forever'
It shut down its offices back in March because of the pandemic and these few months have proven that this model can work. Well, in the case of Twitter CEO Jack Dorsey, it turns out that your expectations would be more than just a little off.ICC's Twitter trolling reflects its bias: Shoaib Akhtar
The 44-year-old Akhtar has garnered reputation of making controversial statements either on his YouTube channel or on social media. -
Survivor: Winners at War names a victor
The grand prize for this season is $2 million, twice the normal purse, so the stakes are even higher going into this finale. She also went into the game with an immunity idol that she bought with her fire tokens from the Edge of Extinction.Sania wins Fed Cup Heart Award
I dedicate this award to the country and my fans. "I hope to bring more laurels to the country in the future". Tennis star Sania Mirza creates history by becoming the first Indian to win The Fed Cup Heart Award .Almost 600,000 Australians lose jobs as virus lockdown bites
Australia has recorded about 7,000 confirmed COVID-19 cases, including 98 deaths. Form for signing up for free newsletter. -
Lesotho becomes last African nation to report COVID-19 case
This would place an enormous burden on the country's already fragile health system, he said. Lesotho's lockdown started on 30 April and lasted until 5 May.Coronavirus US Death Toll Overcounted? Trump Questions Accuracy Of Data, Sources Reveal
Collins had delayed her question, allowing Jiang to get in her follow-up - something Jiang would thank her for on Twitter later. At that point, Collins stepped up to ask her question, but Trump waved her off, saying, "Nah, it's okay".'Brilliant' Kewell turned Man United down reveals Scholes
I think he ended up turning us down and going to Liverpool , which didn't really bother us that much". The pair became key players for Chelsea as they won the Premier League under Jose Mourinho. -
House Democrats $3 Trillion Coronavirus Bill Includes Second Stimulus Check
Republican lawmakers are pushing for a narrower bill that would reform liability protections for businesses and schools. The bill would also provide Americans with another round of $1,200 stimulus checks, and extended expanded unemployment.Vaccin contre le Covid-19 : Sanofi servira en premier les États-Unis
Des discussions sont également en cours avec les institutions européennes et les gouvernements français et allemand. Il a précisé que cette avance pourrait être de quelques jours ou quelques semaines .Mars: New study suggests life may not survive on the Red Planet
Brines, also known as super salty water, got lower freezing points and can stay in liquid for a more extended period. A wide range of salts have been detected on Mars, with carbonate and sulfate salts being the most abundant.