Treasury Secretary Mnuchin: US could be open for business in May

4

The Democrat media complex will do everything to stop this from happening.

Treasury Secretary Mnuchin says US could be open for business in May

By: CNBC, Apr 9 2020:

Key Points

Story continues below advertisement
  • Treasury Secretary Steven Mnuchin said that he believed it was possible that the U.S. could open back up for business next month, following the effective halt of the economy because of the coronavirus.
  • “I do, Jim,” Mnuchin said after CNBC’s Jim Cramer asked about reopening the economy in May. The comments came during an interview on CNBC’s “Squawk on the Street.”
  • The remarks were made shortly after the Federal Reserve announced new moves designed to get another $2.3 trillion of financing for businesses and municipalities.

Treasury Secretary Steven Mnuchin said Thursday that he believed it was possible that the U.S. could open back up next month.

“I do, Jim,” Mnuchin said after CNBC’s Jim Cramer asked about reopening the economy in May. The comments came during an interview on CNBC’s “Squawk on the Street.”

“I think as soon as the president feels comfortable with the medical issues,” Mnuchin added.

The Treasury secretary said that the administration was doing “everything necessary that American companies and American workers can be open for business and that they have the liquidity that they need to operate their business in the interim.”
watch now
VIDEO02:00
Treasury Secretary Steven Mnuchin says US economy could open back up in May

The comments came shortly after the Federal Reserve announced new moves designed to get another $2.3 trillion of financing for businesses and municipalities.

The U.S. economy remains effectively halted amid government efforts to stop the spread of the coronavirus.

President Donald Trump said last month that he hoped that Americans would be able to pack churches by Easter, though the administration later released guidelines calling for social distancing to continue at least through the end of April. Trump declined to provide a date for a reopening during a White House briefing on Wednesday.

Trump is already stepping up efforts to reopen the economy. The president is planning to create a second task force designed to focus on the response to the economic devastation that COVID-19 has wrought, a senior administration official told NBC News.

Experts have cautioned that the reopening process could be a long one.

“What we are going to have to do is loosen the tap gradually, not open the flood gates,” Dr. Tom Frieden, a former head of the Centers for Disease Control and Prevention, said earlier Thursday on MSNBC.

Frieden said that the U.S. will have to vastly expand the number of daily coronavirus tests it is administering before the process can begin.

The economic toll from the coronavirus has been without precedent. More than 6.6 million Americans filed jobless claims last week, according to data released on Thursday, bringing the number of total claims in just the last three weeks to more than 16 million.

Congress has sought to provide relief via an emergency $2 trillion stimulus package, with further measures widely expected.

So far, the pandemic has sickened at least 432,554 in the U.S. and at least 14,829 have lost their lives, according to data from Johns Hopkins University.

The Truth Must be Told

Your contribution supports independent journalism

Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.

Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.

Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.

Please contribute here.

or

Make a monthly commitment to support The Geller Report – choose the option that suits you best.

Quick note: We cannot do this without your support. Fact. Our work is made possible by you and only you. We receive no grants, government handouts, or major funding. Tech giants are shutting us down. You know this. Twitter, LinkedIn, Google Adsense, Pinterest permanently banned us. Facebook, Google search et al have shadow-banned, suspended and deleted us from your news feeds. They are disappearing us. But we are here.

Subscribe to Geller Report newsletter here— it’s free and it’s essential NOW when informed decision making and opinion is essential to America's survival. Share our posts on your social channels and with your email contacts. Fight the great fight.

Follow Pamela Geller on Gettr. I am there. click here.

Follow Pamela Geller on
Trump's social media platform, Truth Social. It's open and free.

Remember, YOU make the work possible. If you can, please contribute to Geller Report.

Join The Conversation. Leave a Comment.

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spammy or unhelpful, click the - symbol under the comment to let us know. Thank you for partnering with us to maintain fruitful conversation.

If you would like to join the conversation, but don't have an account, you can sign up for one right here.

If you are having problems leaving a comment, it's likely because you are using an ad blocker, something that break ads, of course, but also breaks the comments section of our site. If you are using an ad blocker, and would like to share your thoughts, please disable your ad blocker. We look forward to seeing your comments below.

0 0 votes
Article Rating
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
tituspullo
tituspullo
3 years ago

May? they might as well sell us the chicoms today and get a decent price. in a month, america will be in ruins

Halal Bacon
Halal Bacon
3 years ago

if the economy had not been sold out and redefined as the information economy we wouldn’t be here right now…

Drew the Infidel
Drew the Infidel
3 years ago

Brilliant strategy! After the sudden crushing blow of COVID-19 and its immediate fallout, start loosening the tactics used to defeat it using a gentle touch. It is called inserting the thin end of the wedge first.

What’s with the doom and gloom outlook? This country survived eight years of Obhammud, didn’t it?

DVader
DVader
3 years ago

Like the churches will be packed for Easter. Dream on.

Sponsored
Geller Report
Thanks for sharing!