Next Virus Aid Package Could Easily Swell Past $1 Trillion
WASHINGTON (AP) — The price tag for the next COVID-19 aid package could quickly swell above $1 trillion.
White House negotiators fanned out Capitol Hill Tuesday to launch talks with Republicans and Democrats. At stake is funds to re-open schools, prop up small businesses, boost virus testing and keep cash flowing to Americans as the virus crisis worsens.
Senate Majority Leader Mitch McConnell promised a new round of direct payments to Americans, similar to the $1,200 checks sent in spring.
President Donald Trump insists on a payroll tax holiday for workers.
And Democrats want billions to outfit schools and shore up local governments. Treasury Secretary Steven Mnuchin and acting chief of staff Mark Meadows are on Capitol Hill all day.