Emergency stimulus to soar above $1 trillion
The White House and Democratic lawmakers are pushing proposals with a vast array of provisions that will easily top $1 trillion once negotiations begin Tuesday.
Emergency stimulus to soar above $1 trillion
The government’s economic stimulus is set to quickly balloon into trillion-dollar territory in the coming days, the largest rescue in modern American history, as major industries flood the Trump administration and Capitol Hill for aid while huge swaths of the economy stall from the coronavirus crisis.
Treasury Secretary Steven Mnuchin will meet with Senate Republicans behind closed doors on Tuesday to present lawmakers with options for aid to airlines, hotels, casinos and small-to-medium-sized businesses. The White House was pushing for a package of more than $800 billion,
POLITICO reported Monday, and on Tuesday the Treasury Department was preparing to unveil a package of $850 billion including more than $50 billion for the airline industry, $250 billion for small-business support and $500 billion for a payroll tax holiday. A senior administration official acknowledged the proposal could climb above that Tuesday by the time it’s unveiled.
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So..........the 2020 deficit will be $2T+.
Good thing Don has a plan to eliminate the debt








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Trump vowed to pay off the national debt in 8 years. But he’s touting a budget deal that would raise spending by more than $300 billion.
Trump vowed to pay off the national debt in 8 years. But he’s touting a budget deal that would raise spending by more than $300 billion. | Markets Insider