The government’s economic stimulus is set to quickly balloon into trillion-dollar territory in the coming days, the largest rescue in modern American history, as major industries flood the Administration and Capitol Hill for aid while huge swaths of the economy stall from the coronavirus crisis.
The size and scope of the package are morphing rapidly as the economic and market damage mounts. Senate Republicans and the White House are exploring how to fast-track existing legislation with the upcoming stimulus packages.
The Administration is expected to ask for a third package of $850 billion, which would consist of direct spending and tax breaks.
Stay tuned.