WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Monday that the U.S. economy would have a “rough quarter” due to the coronavirus, but the underlying fundamentals were sound and it was a great time for long-term investors to put money into the United States.
FILE PHOTO: U.S. Secretary of the Treasury Steven Mnuchin walks to a meeting during negotiations on a coronavirus disease (COVID-19) relief package on Capitol in Washington, U.S., March 24, 2020. REUTERS/Al Drago/File Photo
Mnuchin told Fox Business that small businesses would receive details on Monday on where and how to apply for some $350 billion in emergency virus-relief loans, and the Trump administration was ready to ask Congress for more funding if the current program did not suffice.
“I expect that with all of this liquidity we’re putting into the economy to get through the next couple of months, when we reopen, we’ll be