• April 2, 2020

US Government Proposes $850B Stimulus Package Amid COVID-19 Pandemic

The United States Government has proposed an $850B stimulus package to support the economy.

Quick Facts.

  • The Stimulus Package would include sending cash payments directly to citizens, instead of the previously anticipated payroll tax cuts.
  • These cash payments are rumored to represent $250B of the package.
  • $50B in economic relief is expected to flow to the airline industry.
  • Tax payments are expected to be deferred for 90 days with no interest or penalty fees. This measure would inject $300B into the economy.
  • The Government is currently preparing to present its stimulus package to Congress.
  • The New York Times reports that more than 5,000 known cases of coronavirus have been detected in the US.

More updates will be published as they become available.

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