CNSNews Staff: $6 Trillion: Kudlow Says Coronavirus Bill Will Be ‘Largest … Assistance Program in History of United States’

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Larry Kudlow (Screen Capture)

By CNSNews.com Staff, March 25, 2020

(CNSNews.com) – Larry Kudlow, director of the National Economic Counsel in President Donald Trump’s White House, said today that the coronavirus bill they are preparing now will be “the single largest Main Street assistance program in the history of the United States.”

“So, the total package here comes to roughly $6 trillion: $2 trillion direct assistance, roughly $4 trillion in Federal Reserve lending power,” said Kudlow at a White House briefing.

“Again,” he said, “it’ll be the largest Main Street financial package in the history of the United States. Liquidity and cash for families, small business, individuals, unemployed to keep things going.”

“We’re headed for a rough period, but it’s only going to be weeks, we think,” said Kudlow. “Weeks and months. It’s not going to be years, that’s for sure. And hopefully pave the way for continued economic recovery after the crisis departs.”

In all of fiscal 2019, according to the Treasury, the federal government spent a total of $4,446,584,000,000. So, this $6,000,000,000,000 coronavirus package is $1,553,416,000,000—or about 35 percent more than all the spending the federal government did in the last fiscal year. ….

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