White House mulls targeted coronavirus-related aid for Americans
The Trump administration is considering “timely” and “targeted” measures to provide financial assistance to Americans hardest hit by the coronavirus, top White House economic adviser Larry Kudlow said Friday morning.
It’s unclear exactly what form the assistance will take yet, Kudlow said during television interviews and to reporters in the White House Briefing Room, but the administration is looking at how to provide some form of financial help to certain geographic areas, small businesses, families who miss paychecks, or certain industry sectors. That could be done through some form of executive action, Kudlow said, and the administration might require more funding from Congress than the $8.3 billion signed into law as it combats the spread of the coronavirus.
“We want to have this targeted in a timely fashion for those areas that have been hit the worst,” said Kudlow, who said he doesn’t like the word “bailout,” but prefers referring …continued .
[Source: CBS News]