“A full recovery is unlikely until people are confident that it is safe to re-engage in a broad range of activities,” Mr. Powell said, adding that “the path forward will also depend on the policy actions taken at all levels of government to provide relief and to support the recovery for as long as needed.”
Their testimony came as Dr. Anthony S. Fauci, the nation’s top infectious disease expert, warned lawmakers in a separate congressional hearing on Tuesday that the number of new infections in the United States could more than double to 100,000 a day if the country failed to contain the surge that underway in many states.
“We are now having 40-plus thousand new cases a day,” Dr. Fauci said. “I would not be surprised if we go up to 100,000 a day if this does not turn around. And so I am very concerned.” — Alan Rappeport and Jeanna Smialek
Mnuchin says he won’t provide additional bailout information to inspectors general.
Treasury Secretary Steven Mnuchin defended his record of transparency in managing the $2.2 trillion government bailout during a congressional hearing on Tuesday but said he would not commit to providing additional information to a panel of inspectors general that have accused him of stonewalling their requests.
Earlier this month, Michael E. Horowitz, the acting chairman of the new Pandemic Response Accountability Committee, and Robert A. Westbrooks, the committee’s executive director, warned in a letter that the Treasury lawyers’ interpretation would “present potentially significant transparency and oversight issues.”
Because of that determination, approximately $1 trillion of the stimulus funds are shielded from the committee’s oversight efforts.
Rep. Carolyn Maloney, a New York Democrat, pressed Mr. Mnuchin in his interpretation of the law and told him that Congress intended for the new committee to have access to information about how those funds are being deployed. The funds include money for tribal governments already embroiled in a series of lawsuits, aid for states, nearly $500 billion for corporations, funds for aviation companies and the Paycheck Protection Program.