The White House administration economic advisor Larry Kudlow told DailyMail.com Monday that they ‘might’ get behind new proposals to give cash to American households. He said “we’re strongly considering a brand new proposal to put cash into people’s pockets” while the market sell-off, shuttered schools and new work-from-home guidelines amid looming layoffs linked to the coronavirus this is good news to all American Citizens feeling the economic crunch, and impact during this coronavirus outbreak.
He spoke after the financial markets began the day with another deep dive of 8 %, even after the Fed announced Sunday it was slashing a key interest rate. Also have no fear the most Anti Trump person from the Republican side Utah Republican Sen. Mitt Romney on Monday announced that he was for a plan to give American workers $1,000 each month during the outbreak. So he won’t be an issue getting this passed by the Republican side I don’t think.
‘We also urgently need to build on this legislation with additional action to help families and small businesses meet their short-term financial obligations, ease the financial burden on students entering the workforce, and protect health workers on the front lines and their patients by improving telehealth services,’ the Utah senator said in a statement, the Salt Lake Tribune reported.
‘I will be pushing these measures as Senate discussions continue about an additional relief package,’ he added… Somewhere out there the “Yang” master himself Andrew Yang is probably saying “Dang I ran on giving every 1,000 a month, and nobody listened!” But of course that was always his best idea. He kinda topped out there.
So today Tuesday U.S. President Donald Trump announced a plan to send cheques to Americans immediately to ease the economic shock from the coronavirus crisis and said military-style hospitals will likely be deployed to virus hot zones to care for patients. Trump joined members of the Coronavirus Task Force in a news conference at the White House to provide an update on the government’s ongoing response and measures amid the COVID-19 pandemic. Trump also announced the “dramatic” expansion of medicare telehealth services for patients to use phone and video conferences through apps like Skype and Facetime with their doctors for free to encourage social distancing amid the COVID-19 outbreak.
In addition, he said the government would provide financial assistance to Boeing Co as the entire aviation sector faces economic turmoil over the coronavirus pandemic. Vice President Mike Pence said the government was urging construction companies to donate N95 face masks to local hospitals and not purchase any more to help doctors. With markets gyrating and mostly on a downward trend, Treasury Secretary Steve Mnuchin said the U.S. stock markets should remain open to assure Americans that they can access their money.
