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Day 1153

(Matt Kiser) #1

1/ Trump called on Congress “to go big” and approve a $1 trillion stimulus package to address the economic effects of the coronavirus pandemic, which includes distributing roughly $250 billion in cash payments to Americans by the end of April. Treasury Secretary Steven Mnuchin added that the plan would also include roughly $50 billion for the airline industry, because “this is worse than 9/11 for the airline industry.” Congress already passed, and Trump signed into law, an $8.3 billion bill that funds vaccine development and provides money to state and local governments. Last week, the House passed a $100 billion bill to expand unemployment insurance, offer paid sick days, and mandate that testing for the virus be free. Trump is expected to sign the package once the Senate takes up the bill. Senate Democrats have also proposed a $750 billion plan that includes more emergency aid for hospitals, expanded unemployment insurance, more funds for small business, help with child care, and food assistance for seniors. In 2008, Congress passed a $700 billion package to try and rescue the financial system. Trump, meanwhile, promised that “if we do this right […] we’re going to win” the “war” against the coronavirus. (Washington Post / New York Times / Politico / Wall Street Journal / ABC News / CNBC / NBC News)

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