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Talks Begin on Stimulus Plan as Trump Plays Down Virus Threat | Talks Begin on Stimulus Plan as Trump Plays Down Virus Threat |
(1 day later) | |
WASHINGTON — President Trump and lawmakers began negotiations on Tuesday for an emergency relief package to bolster an economy battered by the coronavirus crisis, with lawmakers and administration officials expressing optimism despite partisan divisions about what to include. | WASHINGTON — President Trump and lawmakers began negotiations on Tuesday for an emergency relief package to bolster an economy battered by the coronavirus crisis, with lawmakers and administration officials expressing optimism despite partisan divisions about what to include. |
Mr. Trump, after weeks of playing down potential effects of the virus, called for a temporary elimination of payroll taxes that could cost nearly $700 billion, rivaling both the financial bailout of 2008 and the economic stimulus measure that followed. | Mr. Trump, after weeks of playing down potential effects of the virus, called for a temporary elimination of payroll taxes that could cost nearly $700 billion, rivaling both the financial bailout of 2008 and the economic stimulus measure that followed. |
Members from both parties oppose the payroll tax plan, but some lawmakers believe it could ultimately be included in a broader package focused on sick pay, unemployment benefits and food assistance. | Members from both parties oppose the payroll tax plan, but some lawmakers believe it could ultimately be included in a broader package focused on sick pay, unemployment benefits and food assistance. |
Financial markets rallied on news of the talks, even as the number of Americans infected with the coronavirus was on track to exceed 1,000, Senator Bernie Sanders and former Vice President Joseph R. Biden Jr. called off campaign events, colleges canceled classes and Gov. Andrew M. Cuomo said he would deploy the National Guard to a New York City suburb to clean schools and deliver food. | Financial markets rallied on news of the talks, even as the number of Americans infected with the coronavirus was on track to exceed 1,000, Senator Bernie Sanders and former Vice President Joseph R. Biden Jr. called off campaign events, colleges canceled classes and Gov. Andrew M. Cuomo said he would deploy the National Guard to a New York City suburb to clean schools and deliver food. |
At the White House, Vice President Mike Pence, who is leading the government’s coronavirus response team, and top health officials tried to reassure the public while warning that the threat was real and would require Americans to take precautions. | At the White House, Vice President Mike Pence, who is leading the government’s coronavirus response team, and top health officials tried to reassure the public while warning that the threat was real and would require Americans to take precautions. |
Amid concern about a severe shortage of diagnostic kits, they said four million tests would be available by the end of the week. The nation’s top infectious disease expert, Dr. Anthony S. Fauci, said the days of minimizing the threat were over. | Amid concern about a severe shortage of diagnostic kits, they said four million tests would be available by the end of the week. The nation’s top infectious disease expert, Dr. Anthony S. Fauci, said the days of minimizing the threat were over. |
“As a nation, we can’t be doing the kinds of things we were doing a few months ago,” Dr. Fauci told reporters. He said Americans, even those in communities not yet affected, “have to start taking seriously what you can do now” to prepare for the day “when the infections will come, and they will come — sorry to say, sad to say — they will.” | “As a nation, we can’t be doing the kinds of things we were doing a few months ago,” Dr. Fauci told reporters. He said Americans, even those in communities not yet affected, “have to start taking seriously what you can do now” to prepare for the day “when the infections will come, and they will come — sorry to say, sad to say — they will.” |
The briefing reflected the gulf between Mr. Trump and his top health officials, who offer sober assessments of the crisis. As Dr. Fauci and others showed off posters advising the public not to shake hands, Mr. Pence was at pains to explain why the president himself continued to do so. | The briefing reflected the gulf between Mr. Trump and his top health officials, who offer sober assessments of the crisis. As Dr. Fauci and others showed off posters advising the public not to shake hands, Mr. Pence was at pains to explain why the president himself continued to do so. |
“I’ve been shaking hands, too,” said Mr. Pence, who has been greeting other officials in public with elbow bumps in recent days. “As the president has said, in our line of work, you shake hands when someone wants to shake your hand.” | “I’ve been shaking hands, too,” said Mr. Pence, who has been greeting other officials in public with elbow bumps in recent days. “As the president has said, in our line of work, you shake hands when someone wants to shake your hand.” |
And as Mr. Trump emerged from lunchtime talks with Senate Republicans, his appraisal was upbeat. “Just stay calm — it will go away,” he said, but there is no scientific assessment to back that up. | And as Mr. Trump emerged from lunchtime talks with Senate Republicans, his appraisal was upbeat. “Just stay calm — it will go away,” he said, but there is no scientific assessment to back that up. |
The president conceded that there was no consensus yet on how to proceed with the economic rescue package. “The consumer is ready, and the consumer is so powerful in our country with what we’ve done with tax cuts and regulation cuts and all of those things,” he said. “The consumer has never been in a better position than they are right now. So a lot of good things are going to happen.” | The president conceded that there was no consensus yet on how to proceed with the economic rescue package. “The consumer is ready, and the consumer is so powerful in our country with what we’ve done with tax cuts and regulation cuts and all of those things,” he said. “The consumer has never been in a better position than they are right now. So a lot of good things are going to happen.” |
Several Senate Republicans who attended the closed-door luncheon described Mr. Trump’s presentation and demeanor as direct and subdued, a contrast with past gatherings where he attacked adversaries and boasted about his popularity. | Several Senate Republicans who attended the closed-door luncheon described Mr. Trump’s presentation and demeanor as direct and subdued, a contrast with past gatherings where he attacked adversaries and boasted about his popularity. |
The president floated a range of economic ideas during the meeting, including targeted assistance for hard-hit businesses like the cruise and airline industries. But his primary mission appeared to be selling Republicans on a temporary suspension of all payroll taxes through the end of the year — an idea that Larry Kudlow, the head of the president’s National Economic Council, later described as “probably the most important, powerful piece” of Mr. Trump’s proposal. | The president floated a range of economic ideas during the meeting, including targeted assistance for hard-hit businesses like the cruise and airline industries. But his primary mission appeared to be selling Republicans on a temporary suspension of all payroll taxes through the end of the year — an idea that Larry Kudlow, the head of the president’s National Economic Council, later described as “probably the most important, powerful piece” of Mr. Trump’s proposal. |
Later, Speaker Nancy Pelosi of California and Steven Mnuchin, the Treasury secretary, who will lead the talks toward an agreement, met privately in the speaker’s Capitol office suite to discuss the package. | Later, Speaker Nancy Pelosi of California and Steven Mnuchin, the Treasury secretary, who will lead the talks toward an agreement, met privately in the speaker’s Capitol office suite to discuss the package. |
If the payroll tax cut were to extend from April through the end of the year, it could cost close to $700 billion, according to estimates from the Penn Wharton Budget Model at the University of Pennsylvania. Asked how such a measure would be financed, Mr. Kudlow told reporters at the White House that he did not yet have an answer. | If the payroll tax cut were to extend from April through the end of the year, it could cost close to $700 billion, according to estimates from the Penn Wharton Budget Model at the University of Pennsylvania. Asked how such a measure would be financed, Mr. Kudlow told reporters at the White House that he did not yet have an answer. |
“I think over time, we’ll make it up with much better economic growth,” he said. | “I think over time, we’ll make it up with much better economic growth,” he said. |
Both Republicans and Democrats were cool to the idea. Senator Lindsey Graham, Republican of South Carolina and usually a staunch Trump ally, said the reaction among Republican senators had been “mixed,” adding, “I have to think about that.” | Both Republicans and Democrats were cool to the idea. Senator Lindsey Graham, Republican of South Carolina and usually a staunch Trump ally, said the reaction among Republican senators had been “mixed,” adding, “I have to think about that.” |
Senator Lisa Murkowski, Republican of Alaska, said she and other Republicans had questions about how a payroll tax would be paid for and how long it would last. She also raised concerns over the fiscal solvency of the Social Security Trust Fund, which is supported by payroll taxes. | Senator Lisa Murkowski, Republican of Alaska, said she and other Republicans had questions about how a payroll tax would be paid for and how long it would last. She also raised concerns over the fiscal solvency of the Social Security Trust Fund, which is supported by payroll taxes. |
“While it might have great stimulative effect,” Ms. Murkowski said, “I think we need to be looking at the overall impact.” | “While it might have great stimulative effect,” Ms. Murkowski said, “I think we need to be looking at the overall impact.” |
Democrats argued that Congress should focus on narrowly tailored measures that could be delivered quickly. | Democrats argued that Congress should focus on narrowly tailored measures that could be delivered quickly. |
“We asked the economists what really can stimulate the economy fast, and there were things like food stamps — because people would spend that fast — unemployment insurance, refundable tax credits,” Ms. Pelosi said. “What we are doing has to be related to the coronavirus crisis.” | “We asked the economists what really can stimulate the economy fast, and there were things like food stamps — because people would spend that fast — unemployment insurance, refundable tax credits,” Ms. Pelosi said. “What we are doing has to be related to the coronavirus crisis.” |
Trump administration officials, congressional aides, lawmakers and lobbyists involved in the stimulus discussions suggested on Tuesday that the negotiated package would be built on bipartisan agreement: protecting Americans who lose their jobs or are unable to work as a result of the coronavirus. | Trump administration officials, congressional aides, lawmakers and lobbyists involved in the stimulus discussions suggested on Tuesday that the negotiated package would be built on bipartisan agreement: protecting Americans who lose their jobs or are unable to work as a result of the coronavirus. |
Those efforts could include government-paid sick leave for workers who are quarantined or forced to care for children whose classes are canceled; additional unemployment benefits for workers laid off by companies that lose business amid the outbreak; and food assistance for children who would otherwise rely on free lunch programs at school to eat. | Those efforts could include government-paid sick leave for workers who are quarantined or forced to care for children whose classes are canceled; additional unemployment benefits for workers laid off by companies that lose business amid the outbreak; and food assistance for children who would otherwise rely on free lunch programs at school to eat. |
Democrats could move as early as Wednesday to introduce a bill to provide the help and speed it to a vote on Thursday before leaving Washington for a weeklong recess. | Democrats could move as early as Wednesday to introduce a bill to provide the help and speed it to a vote on Thursday before leaving Washington for a weeklong recess. |
But with both the House and Senate scheduled to be in recess next week, it is unclear how quickly a package could be passed. The rules in both chambers require lawmakers to vote in person, and Ms. Pelosi has resisted any calls to allow members to vote remotely — even as the Capitol physician, who met with Democrats behind closed doors on Tuesday, advised them to make plans for their staffs to work from home. | But with both the House and Senate scheduled to be in recess next week, it is unclear how quickly a package could be passed. The rules in both chambers require lawmakers to vote in person, and Ms. Pelosi has resisted any calls to allow members to vote remotely — even as the Capitol physician, who met with Democrats behind closed doors on Tuesday, advised them to make plans for their staffs to work from home. |
“We are the captains of the ship,” Ms. Pelosi told House Democrats during the private meeting, according to one person in the room who spoke the on condition of anonymity to describe it. “We are the last to leave.” | “We are the captains of the ship,” Ms. Pelosi told House Democrats during the private meeting, according to one person in the room who spoke the on condition of anonymity to describe it. “We are the last to leave.” |
But some in her rank and file were unconvinced. | But some in her rank and file were unconvinced. |
“We need to quickly figure out how we vote electronically and how we conduct business from outside D.C.,” said Representative Pramila Jayapal, whose Seattle-area district has been hit hard by the epidemic. “I know all the problems with that, but I really think that having us come back and forth is not a particularly good idea.” | “We need to quickly figure out how we vote electronically and how we conduct business from outside D.C.,” said Representative Pramila Jayapal, whose Seattle-area district has been hit hard by the epidemic. “I know all the problems with that, but I really think that having us come back and forth is not a particularly good idea.” |
Lobbyists suggested that several ideas were under consideration for stimulating the economy, including tax credits for companies that retain employees who are unable to work because of quarantines and the possibility of allowing firms to delay paying a portion of their estimated quarterly corporate tax bills until the spread of the virus — and its economic effects — subside. | Lobbyists suggested that several ideas were under consideration for stimulating the economy, including tax credits for companies that retain employees who are unable to work because of quarantines and the possibility of allowing firms to delay paying a portion of their estimated quarterly corporate tax bills until the spread of the virus — and its economic effects — subside. |
Other possibilities included temporarily suspending some excise taxes, like the 7.5 percent tax airlines pay to the Federal Aviation Administration; increasing community development block grants; and fixing an error in the 2017 Republican tax overhaul that makes it more expensive for restaurant owners to do renovations. | Other possibilities included temporarily suspending some excise taxes, like the 7.5 percent tax airlines pay to the Federal Aviation Administration; increasing community development block grants; and fixing an error in the 2017 Republican tax overhaul that makes it more expensive for restaurant owners to do renovations. |
Mr. Trump and his advisers are also considering using the Federal Emergency Management Agency as a vehicle to deliver funds to stimulate the economy, a move that could allow the administration to work around Congress. The president could approve major disaster declarations in a growing number of states that have seen coronavirus outbreaks, according to officials in the administration and in Congress. | Mr. Trump and his advisers are also considering using the Federal Emergency Management Agency as a vehicle to deliver funds to stimulate the economy, a move that could allow the administration to work around Congress. The president could approve major disaster declarations in a growing number of states that have seen coronavirus outbreaks, according to officials in the administration and in Congress. |
Updated June 16, 2020 | |
The coronavirus emergency relief package gives many American workers paid leave if they need to take time off because of the virus. It gives qualified workers two weeks of paid sick leave if they are ill, quarantined or seeking diagnosis or preventive care for coronavirus, or if they are caring for sick family members. It gives 12 weeks of paid leave to people caring for children whose schools are closed or whose child care provider is unavailable because of the coronavirus. It is the first time the United States has had widespread federally mandated paid leave, and includes people who don’t typically get such benefits, like part-time and gig economy workers. But the measure excludes at least half of private-sector workers, including those at the country’s largest employers, and gives small employers significant leeway to deny leave. | |
So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement. | So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement. |
Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks. | Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks. |
A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study. | A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study. |
The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April. | The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April. |
Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission. | Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission. |
States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people. | States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people. |
Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days. | Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days. |
If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.) | If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.) |
Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications. | Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications. |
The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing. | The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing. |
If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others. | If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others. |
If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested. | If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested. |
Such approvals would allow FEMA to begin distributing aid, like emergency food stamps, to affected individuals. They would also allow for aid to be sent to states and local governments for efforts including “emergency protective measures.” | Such approvals would allow FEMA to begin distributing aid, like emergency food stamps, to affected individuals. They would also allow for aid to be sent to states and local governments for efforts including “emergency protective measures.” |
While Democrats expressed deep skepticism about Mr. Trump’s emphasis on broad-based economic stimulus and especially a payroll tax cut, the mood on Capitol Hill was not nearly as rancorous as during previous fiscal battles, like when Democrats refused to fund the president’s plan for a wall at the southwestern border. | While Democrats expressed deep skepticism about Mr. Trump’s emphasis on broad-based economic stimulus and especially a payroll tax cut, the mood on Capitol Hill was not nearly as rancorous as during previous fiscal battles, like when Democrats refused to fund the president’s plan for a wall at the southwestern border. |
“I think there’s tremendous reluctance to accept a proposal that we don’t think will meaningfully respond to the current challenge,” said Representative David Cicilline of Rhode Island, a member of the Democratic leadership, adding that “it would take a lot to convince me that a payroll tax is responsive to it in a meaningful way.” | “I think there’s tremendous reluctance to accept a proposal that we don’t think will meaningfully respond to the current challenge,” said Representative David Cicilline of Rhode Island, a member of the Democratic leadership, adding that “it would take a lot to convince me that a payroll tax is responsive to it in a meaningful way.” |
But he refused to rule it out entirely, saying Democrats would “continue to monitor it and continue to talk about what are the best strategies.” | But he refused to rule it out entirely, saying Democrats would “continue to monitor it and continue to talk about what are the best strategies.” |
Two Republicans, Senators John Hoeven of North Dakota and James Lankford of Oklahoma, also raised the idea of bailing out the shale oil industry. An administration official said Monday that Mr. Trump and his aides were considering proposing some sort of aid to oil companies, which have been slammed by an abrupt drop in oil prices caused by Saudi Arabia’s decision to ramp up production from its wells. | Two Republicans, Senators John Hoeven of North Dakota and James Lankford of Oklahoma, also raised the idea of bailing out the shale oil industry. An administration official said Monday that Mr. Trump and his aides were considering proposing some sort of aid to oil companies, which have been slammed by an abrupt drop in oil prices caused by Saudi Arabia’s decision to ramp up production from its wells. |
Congress moved quickly last week to approve an $8.3 billion emergency aid package to respond to the virus, which Mr. Trump signed into law on Friday. On Monday, the president said he would seek a much larger bill — though he did not specify its contents or cost. | Congress moved quickly last week to approve an $8.3 billion emergency aid package to respond to the virus, which Mr. Trump signed into law on Friday. On Monday, the president said he would seek a much larger bill — though he did not specify its contents or cost. |
Nicholas Fandos and Alan Rappeport contributed reporting from Washington, and Emily Cochrane from New York. | Nicholas Fandos and Alan Rappeport contributed reporting from Washington, and Emily Cochrane from New York. |