Mnuchin says Trump administration is looking to get cash to Americans ‘immediately’


U.S. President Donald Trump speaks in the course of a news conference in the briefing area of the White Property in Washington, D.C., U.S., on Monday, March 16, 2020.

Oliver Contreras | Bloomberg | Getty Pictures

Treasury Secretary Steven Mnuchin said Tuesday that the Trump administration desires to get crisis money in Americans’ pockets “right away” amid the coronavirus disaster.

“People need money now,” Mnuchin mentioned for the duration of a White Residence push briefing on the administration’s most recent attempts to battle the sickness. “I imply now in the future two weeks.”

The most recent everyday briefing came as shares struggled to get better from one particular of the worst buying and selling sessions at any time.

Markets have get rid of trillions of dollars amid the coronavirus distribute, which has crippled major industries and pressured governments close to the planet to consider drastic techniques to try out to sluggish the distribute of the condition.

Extra than 183,000 people have contracted the COVID-19 virus and at minimum 7,167 have died, according to Johns Hopkins College. In the U.S., more than 4,600 individuals have caught the coronavirus and at least 85 men and women have died, in accordance to Johns Hopkins.

President Donald Trump said in Monday’s briefing that the U.S. may be equipped to get the new coronavirus outbreak less than regulate by July or August at the earliest. Equities tanked as Trump shipped all those remarks.

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