US Senate’s coronavirus stimulus package to be worth more than $2 trln

Doctors test hospital staff with flu-like symptoms for COVID-19 at St. Barnabas hospital on March 20, 2020 in New York City. (AFP)

The coronavirus stimulus package being negotiated by the US Senate would be worth more than $2 trillion, White House economic adviser Larry Kudlow said on Saturday.

“The package is coming in at about 10 percent of GDP,” Kudlow told reporters. Asked if that amounted to more than $2 trillion, Kudlow said: “That”s correct.”

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“We”re just trying to cover the right bases,” Kudlow said as he entered the talks. “It”s a problem of weeks and months, not years. We just want a bridge.”

Kudlow also said lawmakers are considering a payroll tax holiday for small businesses.

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Last Update: Wednesday, 20 May 2020 KSA 09:54 - GMT 06:54