The Trump administration has proposed a $1-trillion economic stimulus package to counter the effects of the coronavirus, including sizable checks for Americans in the next two weeks. Full story:
The Trump administration on Tuesday proposed a $1-trillion economic stimulus package to counter the effects of the coronavirus, including relief for small businesses and the airline industry, and sizable checks for Americans in the next two weeks.
“We are crafting the major legislation that the American people deserve in the face of this major challenge,” McConnell said. “And it is my intention that the Senate will not adjourn until we have passed significant and bold new steps, above and beyond what the House passed, to help our strong nation and our strong underlying economy weather this storm.”
“I think really now it’s just a question of drafting it and crafting it in a way that can pass and work — that will work soon enough,” said Sen. Marco Rubio , a sentiment that was echoed almost universally among Senate Republicans. The Senate is expected to quickly approve a bill the House passed early Saturday that would enact paid sick leave for a significant chunk of the U.S. workforce. The bill, hung up for several days over last-minute changes, would also pay for coronavirus testing and provide expanded food aid and unemployment assistance for people who lose work because of the pandemic.
The Fed program, similar to the one it created during the financial crisis more than a decade ago, would allow the central bank to buy up so-called commercial paper, a market that the Fed said is important in providing “credit and funding for auto loans and mortgages as well as liquidity to meet the operational needs of a range of companies.” The U.S. Treasury authorized a $10-billion dollar backstop to fund this lending facility.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
White House considering giving Americans checks to combat economic impact of outbreakIt is unclear who would be eligible for the emergency money and how much would be offered, but the White House stressed the need for immediate economic relief and said more would be announced later Tuesday.
Les mer »
White House eyes combining House bill with new coronavirus stimulusThe White House and Senate Republicans are considering melding together a House-passed coronavirus aid bill with President Trump's request for $850 billion in stimulus spending
Les mer »
AP Sources: White House seeks $850 billion economic stimulusThe White House is proposing a roughly $850 billion emergency economic rescue package Tuesday for businesses and taxpayers amid the coronavirus crisis, a sweeping stimulus package unseen since the Great Recession. Treasury Secretary Steven Mnuchin will outline the package to Senate Republicans at a
Les mer »
White House Expected To Provide Updates On Coronavirus ResponseNew: The White House is asking Congress for $850 billion in a new aid package for the U.S. economy, a person familiar with the plan tells NPR’s Ayesha Rascoe. The package is mainly tax cuts, but details were not immediately available.
Les mer »