Uncategorized

Apply Here: How To Spend $2.2 Trillion — And Rescue Rconomy

0
President Donald Trump hands a pen to Senate Majority Leader Mitch McConnell of Ky., after signing the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington. From left, White House chief economic adviser Larry Kudlow, Treasury Secretary Steven Mnuchin, McConnell, Trump, House Minority Leader Kevin McCarty, R-Calif., and Vice President Mike Pence. (AP Photo/Evan Vucci)

(AP) — President Donald Trump hopes to shovel $2.2 trillion into the U.S. economy over the coming weeks to try to cushion its free fall. But that means putting his fate in the hands of banks, profit-minded businesses and government bureaucrats he has frequently derided, along with Treasury Secretary Steven Mnuchin. The massive bailout package includes direct cash payments, $349 billion in loans for small businesses and a $500 billion corporate rescue fund. It’s an attempt to keep the economy afloat as Trump warns Americans to brace for a “hell of a bad two weeks,” with up to 240,000 coronavirus deaths now projected in the U.S.

UN: 95% Of Europe’s Virus Dead Over 60 But Young Not Immune

Previous article

Trump Resists National Shutdown, Leaving It Up To States

Next article

You may also like