WASHINGTON (AP) — With an urgency unseen since the Great Recession, Congress is rushing to develop a sweeping economic lifeline for American households and businesses suddenly capsized by the coronavirus outbreak.
Democrats said at least $750 billion would be needed.
“We will need big, bold, urgent federal action to deal with this crisis,” Senate Democratic leader Chuck Schumer said Monday.
Republicans often reluctant to spend federal dollars did not flinch at the head-spinning number, as a roster of America’s big and small industries — airlines, hotels, retailers — lined up for aid.
Senate Majority Leader Mitch McConnell said he wants a “comprehensive” approach with “significant steps” for the economy, particularly Main Street businesses. He opened the Senate on Monday with a message to Americans: “The Senate stands with you.”
The rush to inject cash and resources into the economy is an effort unlike any since the 2008 economic crisis, with political and economic interventions and eye-popping sums to try to protect Americans from the health and financial fallout.
Sen. Mitt Romney, R-Utah, called for sending $1,000 to every American.