Coronavirus Stimulus Likely to Top $1 Trillion, Include Checks for Public
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From the Center
Democrats warn that one or two direct payments to Americans won’t be enough
As Congress tries to hash out a stimulus package potentially worth more than $1 trillion, Democrats are gearing up for a fight over whether direct payments to Americans struggling with the economic fallout of the coronavirus pandemic will be enough.
Senate Minority Leader Chuck Schumer is among those arguing for expanded unemployment insurance as a source of relief.
“A single $1,000 check would help someone pay their landlord in March but what happens after that?” the New York Democrat said on the chamber floor Wednesday. “A thousand dollars goes by...
From the Left
Trump’s $1 trillion stimulus is a gamble for reelection — and a sea change for Republicans once opposed to bailouts
The novel coronavirus is redefining Donald Trump’s presidency eight months before he stands for reelection as he wagers that the potentially largest rescue package in U.S. history could protect the American people from the economic carnage brought by the pandemic.
Trump will be tested at the ballot box not only by his management of the public health crisis but also his ability to navigate what the president says will likely be a recession — a challenge that is reviving the decade-long debate over the use of public money to prop...
From the Right
Trump administration seeks 2 rounds of checks to Americans in massive coronavirus response
The White House is moving forward with a proposed $1 trillion coronavirus package that would infuse Americans' bank accounts with two rounds of direct cash payments.
The Trump administration is seeking $250 billion in payments to Americans starting April 6, followed by another $250 billion cash payment round beginning May 18, according to the working draft of the plan obtained by Fox Business Network.
The two payments to taxpayers would be identical and the amounts would vary by family income and size, according to the Treasury Department document on the...
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