March 18, 2020 / 3:53 PM / in 17 days

Mnuchin pledges ample liquidity, cash in coronavirus rescue plan-CNBC interview

WASHINGTON, March 18 (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Wednesday that unemployment won't spike to 20% if Congress follows President Donald Trump's coronavirus rescue plan and pledged that American companies would have ample financial liquidity through the crisis.

Speaking to CNBC television, Mnuchin said the administration was shutting down parts of the economy to "destroy" the coronavirus. (Reporting by Doina Chiacu and David Lawder)

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