Trump Administration Proposes China Virus BAILOUT For Americans!
March 17, 2020
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12:11Now PlayingTrump Administration Proposes China Virus BAILOUT For Americans!
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as posted by the channelThe White House announced Tuesday they are pitching a $1 trillion economic package to combat the coronavirus outbreak, $250 billion of which would be used for direct payments to Americans.
"We have put a proposal on the table that would inject one trillion dollars into the economy," Treasury Secretary Steven Mnuchin said on Capitol Hill after meeting with Senate Republicans to discuss the White House's plan.
"This is a combination of loans, this is a combination of direct checks to individuals, this is a combination of liquidity for small businesses," Mnuchin continued.
The White House said that if Congress acts quickly, checks could go out to Americans by late April. But that could still leave millions of workers scrambling to make rent and other payments due at the beginning of the month.
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