White House plan for economic response to coronavirus is 'not there right now,' officials say

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U.S. stock futures pointed toward a rebound at the open Tuesday following President Donald Trump's suggestion Monday night that a payroll tax cut and other stimulus measures may be in the works.

However, inside the administration, some officials were stunned by Trump's claim Monday that he would hold a press conference Tuesday to announce an economic plan. "That was news to everyone on the inside," one official said.

The president's schedule for Tuesday includes a 5:30 p.m. ET media briefing for his coronavirus task force. Treasury Secretary Steven Mnuchin and Larry Kudlow, the president's top economic advisor, are slated to head to Capitol Hill on Tuesday to brief Senate Republicans on some ideas and try to get a sense of what is possible.

Another administration official making his views known in the coronavirus response is Peter Navarro, a key advisor to Trump on trade matters. Navarro joined a meeting of the president's economic team Monday in the Oval Office, and then later appeared at Trump's press briefing with the task force. Navarro is pushing the payroll tax cut as part of the coronavirus response, according to officials.

 

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🥱 this virus talk is so last week, on to the next. You have successfully worn out the hype factor.

CAJinSB Officials say, sounds like fake news

Ya...he’s talking about it.

baseism

it's time to fight against cor first! u know?

He’s coming across worse than the worst contestants on the Apprentice. George and Caroline would not be impressed with this boardroom performance

Thaaat will not inspire confidence.

NOT...only Fake News (CNBC) says that...,

This is satire, right?

Social security for tax cut standoff. Let’s hope social security wins. It’s not an entitlement.

My Greenmarket Hedgefund Foundation Trust Backed UBI given to both firms and households will stabilized the economy as the trusts utilize banking and market instruments and the multiplier effect. baseism

Shocker

Big surprise! Put a few more gas masks on!

Because our Dear Leader fired all of the people who could actually create such a plan...

Of course not! Incompetent f—cks.

But her emails.

While other nations with universal healthcare are manufacturing tens of thousands of testing kits...America’s privatized system is passing the buck because they can’t profit from it.

Pence gets the virus yet?

Really.

It is very exhausting We are very tired of all the lies fake news constantl hypocrisy baseless attacks on our great successful President realDonaldTrump U r the worst of the worst cnbc Less & less Americans will watch ur programs U r heading to beat CNN for worst place

realDonaldTrump doing what he does best lie

Lol get ready for another shit day on the market then....

No surprise there. Kind of difficult to devise a plan for somethin’ that you don’t know about.

Tax cuts is the Chinese trade deal

“But they’ll be major” when they think of something!

I went to the VA healthcare and no testing for the corona virus is done well I guess us veterans are left behind again!

.... two car parade. (And there go the futures....)

🍿〽️ 📌🎈

He should not be in a hurry, what if the numbers rise dramatically after a week.

There is no plan! For any plan there needs to be money, and US is broke.

hahaha lol suckers BTFD lol

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