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Mnuchin warns senators of 20% U.S. unemployment without coronavirus rescue -source

Byindianadmin

Mar 18, 2020 #Rescue, #source
Mnuchin warns senators of 20% U.S. unemployment without coronavirus rescue -source

FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies before the Senate Finance Committee during a hearing on Capitol Hill in Washington, U.S., February 12, 2020. REUTERS/Yuri Gripas

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday that the country’s unemployment rate could hit 20% if they failed to act on a proposed coronavirus rescue package and there was lasting economic damage, a person familiar with the closed-door meeting said.

Mnuchin met with senators to persuade them to pass a $1 trillion stimulus package that would send cash to Americans wit

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