US proposes $1.5t stimulus, $20b aid extension for airlines

The Trump administration has proposed including a $20b extension in aid for the battered airline industry in a new stimulus proposal to House Democrats worth over $1.5t, White House chief of staff Mark Meadows said Wednesday. House Democrats, who had sought $2.2t in relief funds to combat the effects of the coronavirus on the US economy, had been at loggerheads over the new measure with the White House, which had proposed legislation worth $1.5t. Speaking to reporters aboard Air Force One, Meadows said the White House’s latest offer was generous but 2 trillion was too much.<br/>
Reuters
https://www.reuters.com/article/idUSKBN26M4GE
10/1/20