Treasury Secretary Steven Mnuchin says that the widespread closures and lockdown measures impacting large portions of the United States will likely continue another 10-12 weeks in order to slow the spread of the novel coronavirus.
Mnuchin appeared on Fox News Sundayto discuss the stimulus package that Congress is currently working on to address the financial impact of the disease when he revealed the timeframe that the government is planning for.
“What is the timeframe in which this stimulus package is designed to work?” host John Roberts asked him.
“I hope this gets passed on Monday because we need the money now. We’re looking at this from anywhere to a 10-12 week scenario. But again, this situation is moving quickly, we need to get the money into the economy now,” he said. “If we do that we think we can stabilize the economy.”
“I think the president has every expectation that this is going to look a lot better 4-8 weeks from now,” he added.
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