Trump Admin Seeking $850 Billion
in Emergency Economic Stimulus The administration's sweeping package
will reportedly be laid out to Senate Republicans
by Treasury Secretary Steven Mnuchin sometime today. Steven Mnuchin, Treasury Sec., via AP The package will provide
economic relief for industries hit
hard by the coronavirus, as well as small businesses. It will also reportedly include
a tax break for wage earners. White House officials reportedly are
seeking to have the package approved
and passed by Congress by the end of the week. The massive scale of this
emergency relief package is similar
to what the Obama administration
sought during the Great Recession. Democrats have also
proposed a $750 billion package. Sen. Chuck Schumer, Minority Leader, via AP Both sides of Congress,
and the White House are in agreement
that major action is vital.