White House chief economic adviser Larry Kudlow said Friday that President Trump has signed off on a new proposal for a coronavirus relief deal with Congress.
“The developments are very positive. They are very constructive. This is breakthrough stuff,” Mr. Kudlow said.
He didn’t give too many details on when the deal will be announced, but he expected it to include funds for small business Paycheck Protection Program loans, direct payments to Americans, enhanced unemployment benefits and airline relief.
The proposal is expected to be about $1.8 trillion, according to multiple reports.
House Speaker Nancy Pelosi and Treasury Secretary Steven T. Mnuchin spoke Friday about the proposal for about 30 minutes, but no deal between the White House and Democrats has been reached.
“Of special concern, is the absence of an agreement on a strategic plan to crush the virus,” said Pelosi spokesman Drew Hammill. “For this and other provisions,