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Report: Trump administration looks for $850 billion to stem COVID-19 economic fallout

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The Trump administration plans on seeking a $850 billion stimulus package aimed at buffering the economy against fallout from coronavirus, the Washington Post reported on Tuesday citing four unnamed officials familiar with the plan.

US Treasury Secretary Steven Mnuchin planned to discuss the request with Senate Republicans on Tuesday, it reported, adding that the package aimed to use payroll taxes or other mechanisms to flood the economy with cash.

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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
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