Mnuchin: the effect of $2 trillion in aid to the US economy is calculated for three months

The effect of the package of financial assistance to the US economy of $ 2 trillion is calculated for three months, US Treasury Secretary Steven Mnuchin told reporters.

“We estimate this for three months. We hope we won’t need it for three months. We hope that this war will end faster. But we expect that these are significant funds that will cover the needs of the economy if necessary,” he said.

According to US President Donald Trump, who took part in the press conference, a large part of the funds provided by the law are issued as loans and will be returned to the budget.

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor