Coronavirus: Trump Pushes $1.2 Trillion Stimulus, $1,000 Checks in Two Weeks
Date: 2020-03-18 02:34:32
Treasury Secretary Steven Mnuchin said the administration is pushing to send direct payments to Americans within two weeks, and the White House wants the checks to be larger than $1,000, according to people familiar with the matter. #Coronavirus #Covid19 #Coronavirus #Pandemic
“Americans need cash now, and the president wants to give cash now. And I mean now, in the next two weeks,” Mnuchin said Tuesday at a White House briefing alongside President Donald Trump.
The cash payments would be part of an $850 billion stimulus plan Mnuchin is negotiating with lawmakers to deal with the coronavirus outbreak. The administration has not decided on how much to send Americans, but wants the checks to exceed $1,000, according to two people familiar with the matter.
Mnuchin said the administration will aim not to send checks to millionaires but stressed the need for urgency. He was due to meet Republican lawmakers after the briefing.
“I think we’re going to do something that gets money to them as quickly as possible,” Trump said.
Mnuchin also said the government intends to keep stock markets open.
Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm
QUICKTAKE ON SOCIAL:
Follow QuickTake on Twitter: twitter.com/quicktake
Like QuickTake on Facebook: facebook.com/quicktake
Follow QuickTake on Instagram: instagram.com/quicktake
Subscribe to our newsletter: https://bit.ly/2FJ0oQZ
Email us at email@example.com
QuickTake by Bloomberg is a global news network delivering up-to-the-minute analysis on the biggest news, trends and ideas for a new generation of leaders.