White House Pushing Stimulus of $1 Trillion or More For Virus

(Bloomberg) — The White House is considering an economic stimulus of $1 trillion to $1.2 trillion to combat fallout from the coronavirus outbreak, according to two people familiar with the matter.

Treasury Secretary Steven Mnuchin wants to send out $250 billion in direct cash payments to Americans in April, with another $250 billion to follow in May if the economy is still struggling, another person familiar with the matter said.

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