Mnuchin Issues Dire Warning

Mnuchin Issues Dire Warning

(AbsoluteNews) – The American economy is beginning to reopen as state governors allow stay-at-home orders to expire. Many are putting safety measures in place as the COVID-19 pandemic continues. That doesn’t mean everyone is satisfied. Some believe the US should stay closed until there is a vaccine. Treasury Secretary Steven Mnuchin, however, is now issuing a dire warning.

On May 10, Mnuchin told Fox News’ Chris Wallace states not lifting lockdowns could lead to “…permanent economic damage.” The secretary said he and President Donald Trump are focused on putting people back to work in order to get America through the crisis.

More than 33 million Americans have lost their jobs during the pandemic. Over 7 million businesses are at risk of permanently closing because of the measures taken to slow the spread of the virus. President Trump warned the cure for the virus shouldn’t be worse than the disease, and that’s the point we‘re quickly approaching.

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