Mnuchin warns of 'permanent economic damage' if country doesn't reopen
By Zack Budryk - 05/10/20 09:51 AM EDT
Treasury Secretary Steven Mnuchin on Sunday said reopening the economy amid the coronavirus pandemic must be done in a "thoughtful way" but that not lifting lockdown measures could lead to "permanent economic damage."
Public health experts have cautioned that allowing public life to restart too quickly and without the proper safety restrictions in place could cause another spike in COVID-19 cases and deaths, which would in turn force states to shut down their economies all over again causing further economic damage. But Mnuchin said keeping things shut down is also a risk.
“I think there’s a considerable risk of not reopening, you’re talking about what would be permanent economic damage to the American public,†he told Fox News' Chris Wallace on "Fox News Sunday."
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https://thehill.com/homenews/sunday-talk-shows/496994-mnuchin-warns-of-permanent-economic-damage-without-reopening