U.S. Treasury chief sees short-term economic hit from coronavirus

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U.S. Treasury chief sees short-term economic hit from coronavirus
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U.S. Treasury Secretary Steven Mnuchin on Friday said he expected the U.S. econo...

FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies before a Senate Finance Committee hearing on the President's FY2021 Budget on Capitol Hill in Washington, U.S., February 12, 2020. REUTERS/Yuri Gripas/File Photo

Mnuchin told CNBC the U.S. Treasury and the Federal Reserve were working to keep markets open and to shore up liquidity, helping banks as needed and seeking a significant increase for small business lending.

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