The media talks about a $2.2 trillion assistance package. But Trump and his top economic advisor Larry Kudlow keep repeating $6.2 trillion. How much of a package was actually voted on by Congress and what is Trump referring to with the $6.2 trillion? I look forward to your feedback.
"This afternoon I also signed into law 2.2 trillion dollars in urgently needed relief for our nation’s families, workers, businesses, and Americans of every race, color, religion, and creed. And the 2.2 trillion goes to 6.2 trillion depending on need. "
“There may be something where we’re going to have to help states, because the states have been hurt very badly. And the beautiful thing about our country is, 6.2 trillion, because it is 2.2 plus four, it’s 6.2 trillion dollars, and we can handle that easily, because of who we are, what we are. It’s our money, it’s our…”
WASHINGTON — An emergency stimulus package to bail out the US economy amid the coronavirus pandemic will total $6 trillion — a quarter of the entire country’s GDP, the White House said Tuesday.
Trump administration economist Larry Kudlow said the package would include $4 trillion in lending power for the Federal Reserve as well as a $2 trillion aid package currently being hammered out by Congress.