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  • The White House will present its massive stimulus plan to Congress for rapid approval, and favors sending direct payments to all Americans right away, Treasury Secretary Steven Mnuchin said Tuesday. With businesses shutting down nationwide due to the coronavirus pandemic, Americans need "cash now," Mnuchin said at the White House. "We are looking at sending checks to Americans immediately... I mean now in the next two weeks," he said, but indicated there would be some kind of means test since the wealthy do not need government payments. The stimulus plan will include aid to airlines that have been hard hit by the pandemic, because "this is worse than 9/11." Mnuchin also said the administration favors keeping financial markets open, though trading hours may be shortened. hs/cs
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  • White House favors sending checks to Americans in 2 weeks: Mnuchin
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