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

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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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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.