Oliver Contreras | Bloomberg | Getty Images
Treasury Secretary Steven Mnuchin heads to the Capitol on Tuesday to discuss a third coronavirus response package with Senate Republicans as policymakers try to stave off economic calamity.
The Trump administration wants an $850 billion economic stimulus plan, two administration officials told NBC News. The White House’s proposal would include about $50 billion in aid to an airline industry battered by the global pandemic, according to The Washington Post, which along with Politico reported the $850 billion figure earlier Tuesday.
Officials have put forward a bevy of options to inject cash into the economy. The White House has repeatedly mentioned the possibility of a payroll tax holiday. Several lawmakers have also floated giving money directly to Americans.
On Monday, Senate Minority Leader Chuck Schumer’s office said the New York Democrat would propose a relief package of at least $750 billion. It would include measures such as forbearance on federal loans and a moratorium on evictions and foreclosures.
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Article URL : https://www.cnbc.com/2020/03/17/coronavirus-updates-trump-administration-pushes-for-stimulus-plan.html