In a meeting with Senate Republican leaders,
Treasury Secretary Mnuchin warned that the virus could lead to a 20%
unemployment rate if they took no action on the stimulus packages before
them, according to Bloomberg, citing sources.
The warning came after Mnuchin spent a large part of
the day discussing the stimulus measures for the economy, which could
include means-tested checks sent to individual Americans.
The packages, which may also include assistance for businesses including the airline industry, could amount to ~$1.2 trillion.
https://seekingalpha.com/news/3552753-treasury-sec-mnuchin-warned-senate-of-20-jobless-rate-without-stimulus-report
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