Treasury Secretary Steven Mnuchin shared details on Fox News Sunday, saying 'we're looking at a 10 to 12-week scenario'

Mnuchin said: 'I think the president has every expectation this is going to look a lot better four or eight weeks from now' 

He said he hopes Congress will vote on a new bill on Monday

Combined with actions undertaken by Federal Reserve and the administration, the prospective bill would have a $2 trillion net impact on a U.S. economy 

Nearly one in four Americans, or 80 million, were under orders to close up shop and stay home

New York, California, Illinois, Connecticut, Oregon and New Jersey, among other states have instituted statewide lockdowns 

Questioned about the time it took the government to take action against the spread, Mnuchin said: 'Nobody expected this to take off at the rate it did'