White House stimulus proposal goes over US$1.5 trillion with US$20 billion for airlines

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WASHINGTON: The Trump administration has proposed including a US$20 billion extension in aid for the battered airline industry in a new stimulus ...

WASHINGTON: The Trump administration has proposed including a US$20 billion extension in aid for the battered airline industry in a new stimulus proposal to House Democrats worth more than US$1.5 trillion, White House chief of staff Mark Meadows said on Wednesday .

"There's US$20 billion in the most recent proposal for the airlines that would give them a six month extension," Meadows told reporters aboard Air Force One, noting that the industry was in urgent need of support.American Airlines and United Airlines, two of the largest US carriers, said they were beginning furloughs of more than 32,000 workers on Thursday as hopes faded for a last-minute bailout from Washington.

Coronavirus relief talks between the White House and House Democrats had stalled in large part over the price tag, with Democrats seeking US$2.2 trillion and the White House staying firm at US$1.5 trillion. Meadows declined to provide the total value of the White House's latest proposal but said the figure is"certainly above the US$1.5 trillion that has been articulated to date".

"As you get above US$1.5 trillion, it gets extremely difficult to justify based on the facts," he cautioned, explicitly stating that US$2 trillion was too much."If it starts with a 2, it's going to be a real problem," he added.Speaking on a flight to Washington from the swing state of Minnesota where US President Donald Trump had headlined a rally ahead of presidential elections in November, Meadows said he was hopeful talks will continue with Democrats on Thursday.

 

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