Steven Mnuchin

U.S. Treasury Secretary Steven Mnuchin Says Quarantine Will Probably Last 12 Weeks

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U.S. Treasury Secretary Steven Mnuchin Says Quarantine Will Probably Last 12 Weeks

Millions of Americans have been adapting to the biggest change in daily life due to the global spread of the novel coronavirus. While many are hoping that things will get better and can return to their normal routines, unfortunately, it looks like that won’t happen anytime soon.

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This Sunday morning, U.S. Treasury Secretary Steven Mnuchin was asked how long state-wide stay at home orders could last. Mncuhin explained on Fox News Sunday that “we’re looking at a 10 to 12-week’ scenario,” adding that they can be extended if need be.

As we previously reported, nearly one in four Americans, about 80 million people, have been ordered to stay home, leaving many concerned about the future. However, Mnuchin also said on the show that he expects a $1.6 trillion stimulus bill to pass soon, and be signed by President Trump on Monday. As the Daily Wire reports, the bill, under which a family of four can expect a direct, one-time payment of about $3,000, is intended to tide the U.S. economy over for 10 -12 weeks, Mnuchin said.

“The U.S. economy is strong. We’ve stopped major parts of it, but when we get through this virus, as I’ve said, I think you’re gonna see the U.S. economy come back to the strength, we have great companies, we have great workers,” he said. “What we need to do is have a bridge to get through this. And this isn’t the financial crisis that’s gonna go on for years.”

He added,

“We need to get the money into the economy now. If we do that, we think we can stabilize the economy,” Mnuchin said.

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