‘To be honest with you, I just think these numbers right now are not relevant,’ Treasury Secretary Steve Mnuchin said Thursday.
From the March 26 edition of CNBC’s “Squawk Box”:
DAVID FABER, CNBC: “Secretary Mnuchin, we knew the jobless claims number was not going to be a good one, but I am curious as to what your thoughts were when you saw that 3.283 million number this morning.”
STEVEN MNUCHIN, U.S. Treasury secretary: “You know, to be honest with you, I just think these numbers right now are not relevant, and you know whether they’re bigger or smaller in the short term, you know, I mean obviously, there are people who have jobless claims, and again the good thing about this bill is the president is protecting those people.
“So, you know, now with these plans small businesses hopefully will be able to hire back a lot of those people. Last week they didn’t know if they had protections. They didn’t have any cash. They had no choice. Now with this bill passed by Congress, there are protections.
“And as I said, hopefully those workers will be rehired, but between these three programs, it protects all of American workers. And you know, by the way, lots of big companies do continue to hire.
“For obviously grocery stores, pharmacies, you know, delivery services, these companies are on overtime. So, I know they’re hiring people as fast as they can.”
Published with permission of The American Independent Foundation.
Politics
Teamsters and UPS Reach Tentative Deal to Avoid Strike, 340,000 Workers to Get Raises
The tentative deal represents a huge win for full- and part-time UPS Teamster workers, who would get significant pay raises and better working...
One Republican Senator Is Blocking 265 Military Promotions, Leaving the Marines Without a Confirmed Leader
Sen. Tommy Tuberville's decision means these military officers are not getting the pay raises they’re owed, cannot move their families to wherever...
Local News
Teamsters and UPS Reach Tentative Deal to Avoid Strike, 340,000 Workers to Get Raises
The tentative deal represents a huge win for full- and part-time UPS Teamster workers, who would get significant pay raises and better working...
One Republican Senator Is Blocking 265 Military Promotions, Leaving the Marines Without a Confirmed Leader
Sen. Tommy Tuberville's decision means these military officers are not getting the pay raises they’re owed, cannot move their families to wherever...