Mnuchin vows to prevent 20% unemployment in coronavirus response

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U.S. Treasury Secretary Steven Mnuchin speaks to the push outdoors of the West Wing of the White Property on March 13, 2020 in Washington, DC.

Drew Angerer | Getty Photographs

Treasury Secretary Steven Mnuchin informed CNBC on Wednesday that the U.S. will not have 20% unemployment – a figure he reportedly warned Republican senators about in a private briefing – if they abide by the Trump administration’s coronavirus program.

“I’ve viewed that variety in the push,” Mnuchin informed CNBC’s Jim Cramer in a television interview. “I did not in any way say I imagine we’re likely to have that.”

“Allow me be very clear: If we follow the president’s system we will not have that,” Mnuchin reported.

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