Coronavirus lockdown could last 10-12 WEEKS: Treasury Secretary Steve Mnuchin warns millions may have to stay home until June in to slow the spread as he nears deal that will pump $1TRILLION into the economy and give families $3K each
Treasury Secretary Steven Mnuchin shared details on Fox News Sunday, saying ‘we’re looking at a 10 to 12-week scenario’
Mnuchin said: ‘I think the president has every expectation this is going to look a lot better four or eight weeks from now’
He said he hopes Congress will vote on a new bill on Monday
Combined with actions undertaken by Federal Reserve and the administration, the prospective bill would have a $2 trillion net impact on a U.S. economy
Nearly one in four Americans, or 80 million, were under orders to close up shop and stay home
New York, California, Illinois, Connecticut, Oregon and New Jersey, among other states have instituted statewide lockdowns
Questioned about the time it took the government to take action against the spread, Mnuchin said: ‘Nobody expected this to take off at the rate it did’
Coronavirus symptoms: what are they and should you see a doctor?
By LEAH SIMPSON
DAILYMAIL.COM
22 March 2020
The lockdown affecting 80 million people – nearly one in four of the American population – to try to curb the spread of the coronavirus is likely to last 10 to 12 weeks, or until early June, US Treasury Secretary Steve Mnuchin has said.
Americans are adapting to the biggest change in daily life since World War Two with schools closed, sports canceled and economic upheaval as job losses mount with the shuttering of businesses across many industries.
Hospitals are scrambling for protective equipment for healthcare workers and ventilators as they brace for a wave of patients who will need help breathing. U.S. cases climbed to over 25,000 on Sunday morning and at least 325 people have died, with about half the cases in New York state, according to a Reuters tally.
The virus has killed over 13,000 globally and infected more than 300,000, prompting the likes of California, New York, Illinois and Texas to close non-essential business and ban large gatherings.
Asked how long state-wide stay at home orders could last, Mncuhin said on Fox News Sunday ‘we’re looking at a 10 to 12-week’ scenario’.
FOX News Sunday: Treasury Secretary Steven Mnuchin discusses the timeline of the economic stimulus. Secretary thinks the package will be passed Monday: "we're looking at this from anywhere to a 10 to 12 week scenario." #FNS #FoxNews pic.twitter.com/A3fgc4xxTv
— FoxNewsSunday (@FoxNewsSunday) March 22, 2020
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