What’s in the Trump Administration’s $1 Trillion Stimulus Plan

Senate Republicans are racing to pull together a massive economic stimulus plan, the third phase of Congress’s coronavirus relief efforts, following an $8.3 billion emergency funding bill and the paid leave package passed Wednesday by the Senate.

Negotiations on the stimulus, including eventual talks with House Democrats, will likely extend into next week. Senate Majority Leader Mitch McConnell reportedly has given four special task forces until Thursday to come up with their pieces of the plan, covering health issues, tax policy, small businesses and major industries.

The White House, in the meantime, issued a two-page outline of its own $1 trillion proposal — larger than the stimulus plan adopted after the financial crisis — and that plan reportedly grew to $1.3 trillion as of Wednesday. “Treasury Secretary Steven Mnuchin’s goal to pump money into the economy quickly has him adding another decimal-point to his plan nearly every time he speaks,” Bloomberg’s Saleha Mohsin, Jennifer Jacobs and Josh Wingrove wrote Wednesday.