US authorities ready to inject $ 4 trillion in liquidity

US, WASHINGTON (ORDO NEWS) — The US federal authorities are ready to inject about $ 4 trillion into the US financial system in light of the spread of the new coronavirus. This was announced on Sunday by US Treasury Secretary Stephen Mnuchin on Fox Business.

As he noted, the federal authorities are currently consulting with lawmakers on a package of measures designed to stimulate the US economy in times of crisis.

Speaking about one of the elements of this assistance, Mnuchin noted: “When interacting with the Federal Reserve, we will have $ 4 trillion of liquidity, which we can use to support the economy.”

“We can channel up to $ 4 trillion to help everyone, from small businesses to large businesses, last between 90 and 120 days,” he added.

“We need to inject funds into the economy now. We believe that if we do this, we will be able to stabilize it,” the minister said.

According to Johns Hopkins University, which makes calculations based on data from federal and local authorities, more than 26.7 thousand cases of infection with a new coronavirus were recorded in the United States. At least 340 people died.

Almost half of all cases of infection in the United States – more than 12 thousand – are in the state of New York, in whose territory the metropolis of the same name is located. Next are the states of Washington and California. Almost 1.8 thousand and about 1.5 thousand cases were registered in them, respectively.

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The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.