Stimulus price tag of $1.2T falls way short, some experts say

Economic experts are warning that the $1.2 trillion stimulus proposal under negotiation in the Senate may fall well short of addressing the massive fallout from the coronavirus pandemic.

The plan, drafted by Senate Republicans, would include direct payments to many Americans, as well as $300 billion in loans to help struggling businesses stay afloat and a $200 billion facility for important industries such as airlines.

"Responding to this kind of protracted slowdown will require a bigger stimulus than the 6% of gross domestic product proposed by the administration," Narayana Kocherlakota,...