Mulvaney, who also heads the Office of Management and Budget, also said that there will "probably" be school closures and transportation issues due to the impact of the virus.
Hundreds of migrants in Turkey started arriving on the borders with Greece and Bulgaria on Friday after a senior Turkish official said Ankara would no longer abide by a 2016 EU deal.
An estimated 20.2 million people are facing severe acute food insecurity across East Africa as swarms of desert locusts ravage crops in an already vulnerable region.
Forty percent of a CFO survey group representing the world's biggest corporations tell CNBC the coronavirus COVID-19 has caused a "major decrease" in demand from China.
Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose.
The market is officially in correction territory, which occurs when an index loses 10% or more of its value. Here's how that affects younger investors and what you need to do now.
Tokyo Disneyland will be closed from Saturday to March 15 due to concerns about coronavirus infections spreading in Japan, its operator said on Friday, leaving all of Walt Disney's theme parks in Asia temporarily shut.
Some common habits can cost you a lot of money without you even realizing it. Here's how to cut costs so you spend on the things that will bring lasting value.
"The repercussions of the shock to the Chinese economy that has already happened to the rest of the world will not be insignificant," the strategist said.
Ultramarathons are races of more than 26 miles, and they're becoming hugely popular, especially in Asia. CNBC's Uptin Saiidi visits Hong Kong's annual Hong Kong 100 Ultramarathon to meet the athletes putting themselves through the ultimate test of human endurance.