‘We are fully prepared to take losses’ on coronavirus business bailouts, Mnuchin says

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Steven Mnuchin, U.S. Treasury secretary, speaks to members of the media outside the White House in Washington, D.C., U.S., on Monday, Dec. 3, 2018. Mnuchin said he's hopeful the temporary trade-war truce that President Donald Trump and China's Xi Jinping agreed to Saturday will lead to real changes in China's economic policies. Photographer: Andrew Harrer/Bloomberg

Mnuchin emphasized that the Treasury is ready to distribute the entire $500 billion appropriated to help struggling businesses.

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