White House proposes enormous stimulus package

The Trump administration has embraced the idea of sending checks directly to households rather than a cut to payroll taxes.
1:26 | 03/18/20

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Transcript for White House proposes enormous stimulus package
We have more now on the impact of this emergency on the the white house proposing cash payments directly to many Americans as part of a trillion dollar stimulus plan. Our chief business correspondent Rebecca Jarvis tracking that all good morning, rebeck ra. Reporter: Good morning to you, robin. We have seen a dramatic increase in unemployment claims. Those employees are now on the sidelines and now whilehe money isn't coming in, they have to get their bills paid. The white house has this plan to get those checks to Americans. Those could be in the range of $1,000 or potentially even more. It's unclear who would get the checks, but it's likely to be restricted with some kind of income cutoff. Secretary mnuchin said yesterday, it is clear we don't need to send people who make a million dollars a year checks, robin. When can people expect to get those checks, Rebecca? Reporter: We're hearing two weeks, but we hear the administration is focused on getting those checks to Americans by late April. That would require congress and the government to move very quickly, robin. The bottom line is now that they're going to send money directly instead of having some kind of payroll cut or something. This is money going right to consumers, correct? Reporter: Exactly. Right in their pockets. Not a payroll tax cut because if that was the case, you would have to be making something to

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