Economics

Mnuchin’s Unfilled Jobs Leave Treasury Stretched in Virus Crisis

  • Treasury secretary lacks key domestic finance unit leaders
  • Mnuchin plays key role in virus response as joblessness rises

Steven Mnuchin, U.S. Treasury secretary, speaks during a news conference at the White House in Washington on April 2, 2020. 

Photographer: Kevin Dietsch/UPI
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Stock prices were tanking, the Federal Reserve was pouring unprecedented relief into the markets and Wall Street firms were in panic mode. Steven Mnuchin was due to gather the central bank chairman and other top financial regulators to assess the damage from the coronavirus outbreak.