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Steven Mnuchin puts kibosh on 50-year coronavirus war bond

By Jay Heflin
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Steven Mnuchin puts kibosh on 50-year coronavirus war bond

Treasury Secretary Steven Mnuchin on Wednesday killed the idea of the federal government creating a 50-year bond to combat the coronavirus.

“Here’s my idea for the 50-year: We’re going to be auctioning off 30-years and 20-years; buy one of each, and it’s the 50-year … we appreciate your efforts,” Mnuchin told CNBC host Jim Kramer.

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Federal Reserve Steven Mnuchin