Senate Minority Leader Chuck Schumer is among those arguing for expanded unemployment insurance as a source of relief as the coronavirus outbreak hammers the economy.
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.
The White House and some Republicans have pushed for sending households direct payments of $1,000 or more. Senate Minority Leader Chuck Schumer is among those arguing for expanded unemployment insurance as a source of relief.
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Americans would get two checks under Treasury Department proposalNEW: US Treasury Dept. would be asking Congress for $500B in direct payouts for taxpayers as part of a $1T stimulus package to combat the economic effects of the coronavirus pandemic, according to a proposal obtained by NBCNews.
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Coronavirus response: Trump administration wants to send $500 billion in payments to Americans in two roundsThe government hopes to send out its first round on April 6 and the second on May 18. It will base payment amounts on income level and family size.
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Yes, the U.S. government stockpiles ventilators; no, it likely won't be enoughDespite President Trump's assurances, the federal stockpile of equipment like ventilators is for local crises and likely can't meet coronavirus demand.
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U.S. Proposals: $500 Billion for Americans; Backstop Money Markets - WSJ.comAs the coronavirus pandemic roils markets and upends business, The Wall Street Journal is gathering in one place all the latest news and insights on the impact on investors, companies and economies.
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