Treas Sec. Mnuchin speaking with CNBC's Jim......>

US: Treas Sec. Mnuchin speaking with CNBC's Jim Cramer:

- Says the administration has proposed a $1.3 trillion COVID-19 response

program. Highlights $300bln is deferred tax payments. Of remaining $1trn: Small

Business Interruptions loans to get out right away, economic impact payments to

individuals (checks in the mail are a metaphor he says, looking at electronic

payments), an injection into the Treasury's exchange stabilization fund.

- Says in response to media reports, he didn't "in any way say" we were going to

have 20% unemployment, but if half of the 40% of people whose jobs are

vulnerable would lose their jobs, that would be the number. But he says that

won't happen under the administration`s plan.