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Tipsheet

White House Requests Massive Rescue Package for Economic Fallout of Wuhan Coronavirus

AP Photo/Evan Vucci

The Trump administration announced Tuesday morning President Trump plans to ask Congress for an $800 billion dollar rescue package to blunt the economic damage underway from the Wuhan coronavirus. It includes a number of provisions. 

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The White House has been careful not to call the package a bailout. During the Wuhan coronavirus task force meeting on Monday, President Trump specifically addressed the airlines. He explained the current situation is "nobody's fault," meaning in the United States, and placed the blame on China.

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"As far as the airlines are concerned, the airlines, we're going to back the airlines 100 percent. It's not their fault. It's nobody's fault, unless you go to the original source.  But it's nobody's fault.  And we're going to be in a position to help the airlines very much.  We've told the airlines we're going to help them," Trump said. "We're going to be backstopping the airlines."

 

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