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Trump Admin Pushes Economic Stimulus Package Worth Over $1 Trillion

HeadlineMar 18, 2020

In Washington, the Trump administration said Tuesday it will support a plan to inject more than $1 trillion into the U.S. economy to fight the unprecedented economic crash caused by the pandemic. Treasury Secretary Steven Mnuchin has proposed a stimulus package that would rapidly deliver a $1,000 check to most American adults, with more direct payments likely in the months ahead. Mnuchin called the pandemic “worse than 9/11” for the airline industry and called for a $50 billion bailout. Sara Nelson, president of the Association of Flight Attendants, had this response.

Sara Nelson: “We have told Congress that any stimulus funds for the aviation industry must come with strict rules. That includes requiring employers across aviation to maintain pay and benefits for every worker; no taxpayer money for CEO bonuses, stock buybacks or dividends; no breaking contracts through bankruptcy; and no federal funds for airlines that are fighting their workers’ efforts to join a union.”

Neiman Marcus and The Gap on Tuesday became the latest U.S. retailers to announce nationwide store closures. General Motors, Ford Motor and Fiat Chrysler said Tuesday they would keep their factories open for now, operating with limited capacity and with new sanitation protocols. The United Auto Workers union has called for all U.S. auto factories to be closed for two weeks as a safeguard.

Bloomberg reports Secretary Mnuchin told Republican senators that without interventions, the U.S. jobless rate could hit 20%. An NPR/”PBS NewsHour” poll found nearly one in five U.S. households has already experienced a layoff or a reduction in work hours.

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