AP Sources: White House seeks $850 billion economic stimulus
The White House is proposing a roughly $850 billion emergency stimulus to address the economic cost of the new coronavirus.
News 12 Staff
•
Mar 17, 2020, 1:44 PM
•
Updated 1,499 days ago
Share:
WASHINGTON (AP) - The White House is proposing a roughly $850 billion emergency stimulus to address the economic cost of the new coronavirus.
The request will be outlined to Senate Republicans Tuesday and will aim to provide relief for small businesses and the airline industry and include a massive tax cut for wage-earners. Two people familiar with the request described it to The Associated Press on the condition of anonymity because they weren't authorized to speak publicly.
The impact of the coronavirus around the world
The White House hopes the measure will pass this week, as the administration scrambled to contain the economic fallout of the severe disruptions to American life from the outbreak.
COMPLETE COVERAGE: Coronavirus stories from News 12
GET INFORMATION: Coronavirus details from the CDC
CORONAVIRUS PREVENTION: What you can do to protect yourself
GET THE FACTS: What you need to know about coronavirus
BY THE NUMBERS: The latest statistics from the CDC
GET INFORMATION: Coronavirus details from the CDC
CORONAVIRUS PREVENTION: What you can do to protect yourself
GET THE FACTS: What you need to know about coronavirus
BY THE NUMBERS: The latest statistics from the CDC
(Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.)
3/17/2020 9:25:18 AM (GMT -4:00)
