Mnuchin Predicts America Will Be ‘Open For Business’ In May

Treasury Secretary Steven Mnuchin speaks during the daily briefing on COVID-19 at the White House on March 25, 2020. (Photo by MANDEL NGAN/AFP via Getty Images)

Treasury Secretary Steve Mnuchin said on Thursday that he believes businesses in the U.S. will be open again as early as next month amid the COVID-19 pandemic.

“Do you think with this, there’s a possibility — if the doctors let us — that we could be open for business in the month of May?” CNBC “Squawk Box” host Jim Cramer asked Mnuchin.

“I do, Jim,” the Trump administration official replied.

“I think as soon as the President feels comfortable with the medical issues, we are making everything necessary that American companies and American workers can be open for business, and that they have the liquidity they need to operate their business in the interim,” he continued.

The coronavirus outbreak has devastated the U.S. economy and prompted a massive wave of layoffs as businesses all over the country are forced to temporarily shut down. A record-shattering 16.8 million jobs have been lost over the past three weeks, according to the Labor Department.

Thus, President Donald Trump has been anxious to jumpstart the economy as soon as possible to stem the damage and protect his reelection prospects in November.

CNN reported on Thursday that Trump will soon announce a new White House anti-coronavirus task force dedicated to reopening the economy as the virus has decimated jobs.

Watch Mnuchin below:

Dear Reader,

When we asked recently what makes TPM different from other outlets, readers cited factors like honesty, curiosity, transparency, and our vibrant community. They also pointed to our ability to report on important stories and trends long before they are picked up by mainstream outlets; our ability to contextualize information within the arc of history; and our focus on the real-world consequences of the news.

Our unique approach to reporting and presenting the news, however, wouldn’t be possible without our readers’ support. That’s not just marketing speak, it’s true: our work would literally not be possible without readers deciding to become members. Not only does member support account for more than 80% of TPM’s revenue, our members have helped us build an engaged and informed community. Many of our best stories were born from reader tips and valuable member feedback.

We do what other news outlets can’t or won’t do because our members’ support gives us real independence.

If you enjoy reading TPM and value what we do, become a member today.

Latest News
Comments
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Investigations Desk:
Reporters:
Newswriters:
Director of Audience:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: