Corporate bailouts should be quick, big and wide peter_tl
The U.S. Senate on March 19 was hammering out the details of a $1 trillion-plus package to stem the economic fallout of the coronavirus pandemic.
The administration of President Donald Trump has proposed a package which would include $500 billion in direct payments to Americans, possibly in the form of two rounds of checks that Trump said could amount to $1,000 each. The strategy, as outlined in a Treasury Department memo, also would provide $300 billion for small businesses, $50 billion in loans for cash-strapped airlines and $150 billion for loan guarantees to other distressed economic sectors.
Two Republican senators, Marco Rubio and Susan Collins, said the $300 billion for small businesses would be in loans that could be converted into grants.
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