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Trump wants to send Americans $1,000 checks to cushion virus economic shock

EconomyMar 17, 2020 02:24PM ET
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© Reuters. U.S. President Trump addresses daily coronavirus (COVID-19) briefing at the White House in Washington

By Alexandra Alper and Steve Holland

WASHINGTON (Reuters) - U.S. President Donald Trump announced a plan on Tuesday to send money to Americans immediately to ease the economic shock from the coronavirus crisis and said military-style hospitals will likely be deployed to virus hot zones to care for patients.

Treasury Secretary Steven Mnuchin, appearing with Trump in the White House press briefing room, said he was talking with congressional leaders on a plan to send checks immediately to displaced Americans. Trump said some people should get $1,000.

Scrambling to get a grip on an unpredictable virus that has disrupted Americans in all walks of life, Trump predicted the economic challenge will be tough short term but that the economy will eventually rebound.

"We're going to win and I think we're going to win faster than people think, I hope," said Trump, surrounded by top advisers on the coronavirus crisis.

Vice President Mike Pence said the government was urging construction companies to donate N95 face masks to local hospitals and not purchase any more to help doctors.

Pence said the Army Corps of Engineers can deploy field hospitals quickly to help handle the influx of virus patients. Trump said he was looking at sites where they might be needed.

Trump on Monday urged Americans to work diligently for 15 days to try to slow the spread of the virus by avoiding crowds and staying home for the most part.

"We're asking our older generation to stay in their homes. ... We're asking the younger generation to stop going out," said Trump coronavirus adviser Deborah Birx.

The abrupt slowdown has staggered the U.S. airline industry and other economic sectors and has left an increasing number of Americans unemployed.

With markets gyrating and mostly on a downward trend, Mnuchin said the U.S. stock markets should remain open to assure Americans that they can access their money.

"Everybody wants to keep it open. We may get to a point where we shorten the hours, if that's something they need to do, but Americans should know that we are going to do everything that they have access to their money at their banks, to the money in their 401(k)s, and to the money in stocks," Mnuchin said.

Trump urged Americans not to travel and said he had not ruled out travel restrictions to parts of the country. He said Americans just "enjoy their living room."

Trump wants to send Americans $1,000 checks to cushion virus economic shock
 

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Comments (6)
King Macbeth
King Macbeth Mar 19, 2020 3:07PM ET
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Okay trump thanks for 1000 dolla
JeongWoo Lee
JeongWoo Lee Mar 17, 2020 3:18PM ET
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Populism lol
Sonny Paine
Sonny Paine Mar 17, 2020 1:05PM ET
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Isn't vote buying illegal?
Steven Kemp
Steven Kemp Mar 17, 2020 1:05PM ET
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no or the democrats wouldnt be allowed to do it
Big Guy
Big Guy Mar 17, 2020 1:05PM ET
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bla bla bla, yes hate on Trump if he does something...hate on him if he doesn't...bla bla... you're tired and stale.
Al Vlaj
alvlaj Mar 17, 2020 1:05PM ET
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Big Guy by all means he should do something. He just shouldnt do what he bashes the other side for wanting to do and not have the hypocracy spotlight shown upon him. What i dont understand is why his base isnt calling him out??
Co Gonz
Co Gonz Mar 17, 2020 1:05PM ET
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Al Vlaj because he gives to stimulate the economy not giving just to give..
Al Vlaj
alvlaj Mar 17, 2020 12:59PM ET
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Trump turns more to Socialist practices when it suits his needs.
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charlie glass
charlie glass Mar 17, 2020 12:59PM ET
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Al Vlaj you can describe everything the government does as "socialism" if that eases your mind about your party having a communist as its front-runner, but it is simply not reality and a sad attempt at double speak
Al Vlaj
alvlaj Mar 17, 2020 12:59PM ET
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i have no problem him doing. In fact, i agree it should be done. But let’s not rationalize Socialism when it is convenient for you. Now THAT is ignorant.
Al Vlaj
alvlaj Mar 17, 2020 12:59PM ET
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charlie glass nope. Historically, Republican were fiscal conservatives. Trump (a prior democrat) is a Socialist in GOP clothing.
Al Vlaj
alvlaj Mar 17, 2020 12:59PM ET
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charlie glass and BTW, my party is the GOP. Just sad it’s been taken over by a gameshow host with zero leadership skills.
Co Gonz
Co Gonz Mar 17, 2020 12:59PM ET
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that's not socialism.. that's capitalism. ever live in a socialism? if trump is a socialism than in Europe we live under communism..
Jack Zhang
Jack_A Mar 17, 2020 12:52PM ET
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the bad news is inflation follows
Eric Peterson
Eric Peterson Mar 17, 2020 12:52PM ET
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inflation later. halting deflation, layoffs and bankruptcies is key now. when cutting rates to 0 snd QE isnt enough to halt deflation, helicopter money is exactly whats needed. until the economy stablizes of course. they can always raise rates later if theres inflation
Xin Zhang
Xin Zhang Mar 17, 2020 12:02PM ET
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VOTE FOR TRUMP, he can summon another 2k rally!
 
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