Kudlow said the size of the package would be approximately 10 percent of the county’s gross domestic product (GDP), calling it a “very large package.”
When a reporter noted that 10 percent would be more than $2 trillion, he added: “That’s correct.”
The decision is a significant uptick from the $1 trillion request initially submitted by the administration. Lawmakers are under significant pressure to quickly pass massive legislation to try to reassure the markets and offer assistance to workers, small businesses and industries that have been impacted the spread of the coronavirus.
