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Trump: Size of checks to Americans not decided

Trump: Size of checks to Americans not decided

The Associated Press
Created: March 18, 2020 05:02 PM

President Donald Trump says no decision has been made on the size of the checks the administration hopes to send Americans, although a figure of $1,000 has been frequently mentioned.

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Trump told reporters that “everyone wants to go big” but that the size of the checks was still being worked out with Congress in talks to craft an aid package that could total $1 trillion.

A Treasury Department fact sheet first obtained by the Washington Post says the individual payments could come in two chunks: $250 billion starting April 6 with another $250 billion disbursed starting May 18.

The fact sheet says an additional $300 billion would be appropriated for a small business loan program. It could be used to support businesses, including restaurants and bars, that have suffered from government-ordered efforts to contain the coronavirus.

The stock market extended its losses as Trump and other members of an administration task force spoke about efforts to combat the coronavirus outbreak.

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The Associated Press

Copyright 2020 The Associated Press. All rights reserved.

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