- Treasury Secretary SteveMnuchin and Fed Chairman

Jerome Powell presented different pictures

of the economic outlook.

Mnuchin warning that unless states reopen,

the economy could facepermanent damage, while Powell

suggested that morecongressional action is needed.

- We are continuing tosee large unemployment

and other negative indicators.

It is important to realizethat the large number

represents real people.

- This is the biggestresponse by Congress ever

and the fastest, and the biggest from us,

and it still this is the biggest shockwave

seen in living memory andthe question looms in the air

of is it enough.

- [Caitlin] Some lawmakersquestioned if it's time

to begin sending people back to work

before a vaccine is in place.

- How many workers should give their lives

to increase our GDP by half a percent?

- No workers should givetheir lives to do that,

Mr. Senator, and I think yourcharacterization is unfair.

- [Caitlin] Others areraising questions about

whether bailout moneyis actually making it

to the small businesses who need it most.

A congressional oversightgroup revealed this week

that the Treasury Departmenthas only allocated

$37.5 billion of the$500 billion relief fund.

CBN News spoke with small business owners

who described the difficultiesof accessing the money

the government's alreadyallocated for them.

- By the time I got thefunds, actually hit last week,

you're given eight weeks todisperse and to allocate them

for it to be forgivable,but because my gym

is not able to open yet,I had to return the funds

because I wouldn't be able to do

all the standards they requested.

- I knew the day that itwas gonna be available.

I had all of my stuff ready,I had all my ducks in a row.

This is major, this isreally important to us.

So it's all electronic, I'mprepared the morning of,

I go on, I put my stuff in andI get an automated response

back that says, "I'msorry, you don't qualify."

Uh, that was a massive, massive problem.

I know we qualify, I've read the law.

- Scott Gilbert says in theend he only received 60%

of what he should have been eligible for,

leaving many expenses still unpaid.

Democrats hope Tuesday'shearings would pressure

Republicans into another relief bill,

but Congress is deadlocked.

GOP leaders say lawmakersshould evaluate what's working

and what's not before spending more money.

Caitlin Burke, CBN News.