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White House Pushing Stimulus of $1 Trillion or More For Virus

Published 03/17/2020, 02:39 PM
Updated 03/17/2020, 02:59 PM
© Reuters.  White House Pushing Stimulus of $1 Trillion or More For Virus

(Bloomberg) -- The White House is considering an economic stimulus of $1 trillion to $1.2 trillion to combat fallout from the coronavirus outbreak, according to two people familiar with the matter.

Treasury Secretary Steven Mnuchin wants to send out $250 billion in direct cash payments to Americans in April, with another $250 billion to follow in May if the economy is still struggling, another person familiar with the matter said.

©2020 Bloomberg L.P.

Latest comments

So, how do I spend my Zimbabwe Bucks if the gubberment is locking me in my home?
Mortgage payments for people with no jobs
 Free market economy. Let them go bankrupt. Let housing tank so people can actually OWN homes instead of becoming debt slaves.
knows what's up
stick market down 12$ trillion. govt: here have 250B...
desperate attempt by this admin to stay in power. Sad!
So, all this on top of tax refunds? Sounds like communism to me
tax refund is already ur money. omg
 so therefore if the government can just dump currency into our accounts, it defeats the purpose of income tax. It's all an illusion to control the populace and prevent climbing the social ladder.  Since we're suspended mortgage payments, let's suspends the IRS. Let's suspend the Federal Reserve, a privately held bank with shareholders.
It's not "free money"...it's at the taxpayer expense and adds to the bludgeoning deficit...more GOP "kick the can down the road" mentality
trump was supposed to get rid of the deficit! /s
yep. just added trillions and 'drained the swamp' i guess thats what he meant by winning
I'm looking forward to my $1,000 ... I can use it to pay the personal property tax that I knew I would get on my 2019 fully loaded BMW X5. Thanks ... #Taxpayer_Helpme
what to stimulus with things shutdown? fix virus is the best stimulus, Mr. Trump. dumping more
Free money everyone, time to party like its 1999! (at home with extra canned goods)
then how will they cover this huge bailout so easily? what if there won't be a recovery to pay this out?
US can print as much as they want. I watched YouTube, Modern Monetary Policy.
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