Treasury Secretary Steven Mnuchin reaffirmed his belief Sunday that the U.S. isn't facing a "financial crisis that's going to go on for years" if the government acts swiftly.
In an appearance on Fox News Sunday, Mnuchin laid out the tentative plan for a coronavirus stimulus package for guest host John Roberts. He said step one is aiding small businesses with forgivable loans of two weeks cash flow to pay workers. Next comes the direct deposits, in which a family of four would receive around $3,000 as bridge money to get them through the downturn. The secretary also said there will be enhanced unemployment insurance, more money for hospitals, and up to $4 trillion in Federal Reserve liquidity.
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