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Trump Told Mnuchin to Go Big, and a $1 Trillion Stimulus Emerged

  • Treasury secretary warned senators of 20% unemployment
  • U.S. businesses line up at White House for financial aid
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Trump Says 'We're Going Big' on Coronavirus Aid

Steven Mnuchin had an ominous message for Senate Republicans gathered Tuesday in a marble-clad meeting room in the Russell office building: we need to pass a virus stimulus bill, or the U.S. could be looking at a 20 percent unemployment rate.

The message was a far cry from little more than a week ago, when Trump and his aides had declared the economy was resilient enough to withstand the coronavirus outbreak. That line had changed, and it fell to Mnuchin to brief the Republicans, who had scattered themselves around the red-draped chamber to maintain their social distancing.