U S could see 20% unemployment rate due to ‘corona virus’- Steven Mnuchin warned.
Published by Jude on March 18th, 2020.

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Steven Mnuchin

.U S Treasury Secretary Steven Mnuchin warned Republican senators, on Tuesday morning that the corona virus pandemic could drive up U S unemployment rate to 20%. A Republican Senate source report

Steven Mnuchin comments came as he urged Republican senators to act on economic stimulus measures, totaling $1 trillion designed to avert that kind of worst case scenario.


Mnuchin in the same meeting said that he is concern the economic ramifications of the corona virus pandemic could be worse than the 2008 financial crisis, the source said.

Steven’s comments, first reported by Bloomberg News, come amid a rising sense of urgency at the white house and on Capitol Hill, to confront the increasingly serious threat of the corona virus pandemic, on both the public health and economic front.