President Trump’s China Virus Stimulus Package Now at $2-T Plus in Phase 3

President Trump’s China Virus Stimulus Package Now at $2-T Plus in Phase 3

The coronavirus economic stimulus package being negotiated in a late session by the Senate Saturday will exceed $2-T, according to estimates by the White House National Economic Council Director Larry Kudlow.

The package is coming in at about 10% of GDP,” Mr. Kudlow said. “It is very large.”

That would mean more than $2-T, a reporter countered to Mr. Kudlow. “That’s correct,” Mr. Kudlow responded

The US GDP is $21-T

Mr. Kudlow said small businesses will be getting a payroll tax holiday under the stimulus bill, which is still under negotiations.

It was not immediately clear whether that figure included a supplemental spending proposal that Democrats support adding to this Phase 3 plan.

Have a healthy weekend, stay at home!

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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