Trump Administration Seeking $850 Billion Stimulus Package

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Trump Administration Seeking $850 Billion Stimulus Package
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The stimulus plan will include roughly $50 billion for the airline industry, as well as billions of dollars in general stimulus that could include a payroll tax cut

WASHINGTON—U.S. Treasury Secretary Steven Mnuchin is pitching Senate Republicans on a roughly $850 billion economic stimulus package, according to two people familiar with the matter, as the Trump administration works to craft more legislation to cushion the economic blow of the coronavirus pandemic.

The proposal comes as lawmakers are weighing the next stages in the economic response to the outbreak. Congress has already passed an initial $8.3 billion response and is near completing a second package of legislation focused...

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