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Tuesday, 18 May 2021

US Senate's coronavirus package would be worth more than $2 trillion: White House adviser

Reuters , Saturday 21 Mar 2020
White House
The motorcade for Vice President Mike Pence drives on West Executive Drive as he departs the White House, Friday, March 20, 2020, in Washington. (Photo: AP)

The coronavirus stimulus package being negotiated by the U.S. Senate would be worth more than $2 trillion, White House economic adviser Larry Kudlow said on Saturday.

"The package is coming in at about 10 percent of GDP," Kudlow told reporters. Asked if that amounted to more than $2 trillion, Kudlow said: "That's correct."

 “We’re just trying to cover the right bases,” Kudlow said as he entered the talks. “It’s a problem of weeks and months, not years. We just want a bridge.”

Kudlow also said lawmakers are considering a payroll tax holiday for small businesses.

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