Ireland Mnuchin - Serious repercussions for US economy due to delays in reopening
Reopening of schools: "The State discards local elected officials"
>> LIVE - Coronavirus: follow the evolution of the situation Monday May 4 Sunday, the authorities unveiled the health protocol which must apply in all schools in France. Repeated hand washing, staggered recreation: the hygiene rules therein are strict. Agnès Lebrun sees there, however, a "heap of impracticable injunctions", ordered vertically by the government. "We wanted of course a health protocol, but built with a local appreciation: we were not heard," she explains.
Australia's treasurer said Tuesday the country faces a “sobering” economic outlook due to the effects of the coronavirus and will have its largest-ever deficit when a revised budget is released in October. But the government was forced to delay it until it assesses the full economic cost of the coronavirus.
" We ' re going to slowly open the economy ," Mnuchin told Fox News in an interview. "But there is also a risk that we wait too long, there is a risk of destroying the U . S . economy and Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Washington, May 13 (Reuters) - US Treasury Secretary Steven Mnuchin has warned of the risk of serious economic damage if the economy is delayed when it reopens. "We will slowly open the economy," said Mnuchin in an interview with Fox News. "But there is also a risk that if we wait too long, we will destroy the US economy." He expects the second quarter to be "pretty bad," but if the economy starts up again with appropriate safeguards, the following quarters will be better. "We will have a great economy again next year," said Mnuchin.
The House of Representatives had proposed another $ 3 trillion aid package to cushion the economic impact of the Corona crisis. Mnuchin criticized the suggestion that he was "very biased". He could not see that it was promising in the current framework. The proposed bailout package includes nearly $ 1 trillion in aid to state and local governments. There could be a vote later this week. Mnuchin said the government is open to additional spending but "we are in no hurry to do this this week or next. We will take our time." President Donald Trump had previously declared the aid package proposed by the Democrats in the House of Representatives dead ("dead on arrival"). (Reporter: David Lawder Written by Katharina Loesche. If you have any questions, please contact the editorial team on +49 30 2888 5120.)
Mexico: a threatened journalist murdered in the street .
A Mexican journalist, Jorge Armenta, was assassinated in northern Mexico on Saturday, bringing to three the number of journalists murdered since January in this country, one of the most violent on the planet. © DR A Mexican journalist, Jorge Armenta, was murdered Saturday in the north of the country, as well as a municipal police, bringing to three the number of journalists killed in Mexico since the beginning of the year, a- we learned from a judicial source.
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Australia's treasurer said Tuesday the country faces a “sobering” economic outlook due to the effects of the coronavirus and will have its largest-ever deficit when a revised budget is released in October. But the government was forced to delay it until it assesses the full economic cost of the coronavirus. finance.yahoo.com
" We ' re going to slowly open the economy ," Mnuchin told Fox News in an interview. "But there is also a risk that we wait too long, there is a risk of destroying the U . S . economy and Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators. www.investing.com
Fauci: Reopening early could have 'really serious ' consequences. But as states begin to partially reopen , Trump's message has often gone well beyond the advice from leading experts "I think we need to move toward beginning to reopen the economy , consistent with the recommendations of the www.msn.com
But if we don’t open at all, we have this economic malaise.” Data showed that U . S . consumer prices dropped by the most since the Great Recession in April Tesla Inc rose 1.8% as President Donald Trump said the electric carmaker should be allowed to reopen its vehicle assembly plant in California. www.reuters.com
Senior economic officials at the White House are exploring a stimulus measure backed by conservative scholars at the right-leaning American Enterprise Institute and Hoover Institution, according to The Washington Post. finance.yahoo.com
The administration is monitoring the reopening of the economy "very carefully," state by state , Mnuchin said, to help give "American workers the confidence to “Does the opening of the state lead to a new outbreak of the disease?” Fox host Chris Wallace pointed out that unemployment is quickly
The unemployment rate in the United States will peak at 25%, rivaling the worst period of the Great Depression, Goldman Sachs warned on Wednesday. The dire forecasts come as some states have begun to reopen their economies , a challenging task given the risk of giving new life to the pandemic.
An economy that he had wagered his re -election on was suddenly in shambles. In addition to the opposition from the economic team, Mr. Pottinger and his allies among the China hawks had to overcome initial skepticism from the administration’s public health experts.
Birx: We ' re working with CDC to edit reopening guidelines. We don't want you to lose out on those tax refunds," Mnuchin said. Taxpayers can still request a six-month extension to file returns, like they could in any other year. Some states are making changes due to the coronavirus.
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