Treasury plan calls for emergency checks starting April 6
UPDATE: A Treasury Department proposal sent to lawmakers calls for $250 billion in direct payments to Americans starting April 6, with another $250 billion round on May 18.
The proposal also includes $200 billion in industry aid. As part of that, the airline sector would see $50 billion in loans, with conditions on executive pay and service requirements.
The plan comes as the coronavirus threatens to cripple the U.S. economy and continues to spread across the country.
EARLIER: The Senate is expected to pass a multi-billion dollar emergency aid package on Wednesday to confront the economic impacts of the coronavirus, clearing the way for negotiations on a third, even larger stimulus package to address the pandemic.
Senate Majority Leader Mitch McConnell reiterated his support Wednesday for the House-passed package and vowed to address any “imperfections” in the Senate’s subsequent bill — which McConnell promised to craft at “warp speed.”
https://www.msn.com/en-us/news/politics/treasury-plan-calls-for-emergency-checks-starting-april-6/ar-BB11mPRO?li=BBnb7Kz
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