The White House and Senate Republicans are working on a $1 trillion economic stimulus package — the third infusion of emergency spending to help the U.S. economy amid the coronavirus pandemic. The measure would include direct payments to Americans.
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"It is a big number. This is a very unique situation in this economy," Mnuchin told reporters after the lunch, outlining three general areas of focus for the next phase of stimulus aid, saying,"This is a combination of loans. This is a combination of direct checks to individuals. This is a combination of creating liquidity for small businesses.
Sen. Mitt Romney, R-Utah, who has pitched giving every American adult $1,000 to combat the virus’ negative economic effects, said, “It’s too early to tell what it’s going to look like.”of South Carolina told reporters, “My focus is not giving people a check from the government. My focus is to make sure you get your paycheck from your employer. I'm willing to float loans to employers to make sure the payroll continues. That's phase three.
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