Posted on 03/22/2020 1:42:10 PM PDT by SeekAndFind
Treasury Secretary Steven Mnuchin said that as businesses continue to close and people lose their jobs over the CCP virus lockdown, a family of four could receive $3,000 as well as unemployment insurance following the passage of a new stimulus package.
The Epoch Times refers to the novel coronavirus, which causes the disease COVID-19, as the CCP virus because the Chinese Communist Party’s coverup and mismanagement allowed the virus to spread throughout China and create a global pandemic.
Mnuchin is set to meet Sunday with House Speaker Rep. Nancy Pelosi (D-Calif.), House Minority Leader Rep. Kevin McCarthy (D-Calif.), Senate Majority Leader Mitch McConnell (R-Ky.), and Senate Minority Leader Chuck Schumer (D-N.Y.), to discuss a relief package that is worth $1 trillion.
“I think we have a fundamental understanding and we look forward to wrapping it up today,” Mnuchin told “Fox News Sunday,” adding that he expects the country to stay on lockdown for “a 10-to-12-week scenario.”
He said that one key component involves keeping small businesses afloat.
“You need to retain them. You’ll also get some overhead. And if you do that, those loans will be forgiven,” Mnuchin added. “That will allow small businesses to keep people, and make sure when we open up the economy, they’re up and running.”
In the interview, he said that up to $3,000 could be provided to families, via direct deposits, for a family of four. “Enhanced unemployment insurance” will also be provided for those who were laid off, he added.
Mnuchin told Fox that the next part involves “a significant package working with the federal reserve” that will allow “up to $4 trillion of liquidity that we can use to support the economy.”
(Excerpt) Read more at theepochtimes.com ...
Unless the government thinks you're "rich" - meaning making more than $75,000.
It’s only been a week of lock down give it another week of shortages in grocery stores ect. then see how the masses are behaving!!!
When I heard him mention business loans and in the next breath mention loan “forgiveness” I figured ... Here We Go!
I don’t know where we are going.
All I know is that it doesn’t look good from here!
I’m waiting. I know it’s coming but thought riots would have started already. Of course Cuomo calling on no more neighborhood basketball games, it might start today.
Bingo Ann. After 12 weeks no one will have a job, retirement fund etc. I just mentioned this to my husband and he said I was being a pessimist.
Your post gives me the chills but is something many of us have considered, but not in such elaborate wording. Thank you.
They can’t shutdown everything for freaking 3 solid months and expect things to work out hoping the country can auto pilot enough to get by on bare essentials. They will have to make a decision to let the economy re-stabilize and let people go back to work with whatever risks involved. With the Gen Xers and millennials roaming around everywhere, they might as well start getting a plan together to open back up.
I am thinking g April in warmer parts country.
Yes when it gets warmer didn’t know about north though
Pelosi and the democrats will cause economic collapse if they can.
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