Trump wants $850 billion stimulus package as virus hits economy - Business Insider

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The Trump administration plans to ask for an $850 billion stimulus package as coronavirus hits US economy

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The Trump administration is planning to ask Congress for hundreds of billions of dollars to prop up the US economy.A senior administration official told Business Insider the proposal has developed rapidly in recent days.

The proposal underscored a new sense of urgency in the White House, which had for weeks sought to downplay the human and economic threats of the respiratory illness COVID-19. Asked on Monday whether the US was heading toward a recession, President Donald Trump told a reporter: "Well, it may be." Read more: 'Things can get worse': An expert who cautioned about highly indebted companies before the coronavirus-led crash lays out a scenario where defaults soar and firms go bust

 

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Omg! Does this mean the US will be having a debt of over 30 trillion dollar by the time trump leaves office? So much winning for cooperations, and lossing for ....... future generation.

Dept free this time, or we’ll federalize! It doesn’t cost them anything, it’s just key strokes.

Nothing to worry about here. 🤦🏽‍♂️

Stop bailing out the corporations. Start pumping money into citizen’s pockets.

How is it that the Grocery Clerks getting paid 12.50 an hour are forced to work having touch people reusable bags possibly having covid19 on them plus people sneezing on them coughing in their faces no mask provided by large grocery Chain store. VICE VERSA a Disaster loophole!

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