The Washington Post is reporting that the White House is considering an emergency stimulus package that could send two $1,000 checks to many Americans in the coming weeks.
The Post, citing two senior administration officials and a Treasury Department fact sheet, says the White House and Republicans in Congress have also talked about a $300 billion package aimed at helping small businesses avoid mass layoffs as the COVID-19 virus takes hold in the United States.
The post also reports that the Trump Administration hopes to create a $50 billion “airline industry secured lending facility” that would make direct loans to “U.S. passenger and cargo air carriers.”
The checks would be issued on April 6 and May 18 and would “be fixed and tiered based on income level and family size.”
Talks over the best way to help the sputtering economy continue as the COVID-19 virus continues to spread across the United States. As of Wednesday, more than 6,000 people were confirmed to have tested positive for the virus and more than 100 have died from the new coronavirus.
© 2020 Cox Media Group