$ 850 Billion "Virus Incentive Package" From the U.S. Treasury Secretary

$ 850 Billion "Virus Incentive Package" From the U.S. Treasury Secretary

US Treasury Secretary Steven Mnuchin is expected to seek an economic incentive package of $ 850 billion or more on Tuesday due to the coronavirus. According to some sources on the subject, Mnuchin's incentive will most likely involve a reduction in wages and wages, and rescue of airline companies. Mnuchin, who will transfer the proposal to the Republicans in the Senate, told the Republicans in the House of Representatives on Monday that the market needs more liquidity, according to several sources. He then met with Senate Majority Leader Mitch McConnell. As of Monday, the US airline industry asked the government for $ 60 billion in grants and credit support. Later, one of the sources is unclear how much US President Donald Trump will sign for. The Trump administration will likely approve loans, but the Administration and Budget Office has not yet been consulted for cost estimates.