MESSAGE
| DATE | 2020-10-04 |
| FROM | Ruben Safir
|
| SUBJECT | Subject: [Hangout - NYLXS] just a few bucks
|
reuters.com
White House stimulus proposal goes over $1.5 trillion with $20 billion
for airlines
Reuters Staff
2-3 minutes
FILE PHOTO: White House Chief of Staff Mark Meadows speaks to reporters
in the U.S. Capitol in Washington, U.S. July 29, 2020. REUTERS/Erin Scott
(Reuters) - The Trump administration has proposed including a $20
billion extension in aid for the battered airline industry in a new
stimulus proposal to House Democrats worth over $1.5 trillion, White
House chief of staff Mark Meadows said on Wednesday.
“There’s $20 billion in the most recent proposal for the airlines that
would give them a six month extension,” Meadows told reporters aboard
Air Force One, noting that the industry was in urgent need of support.
American Airlines AAL.O and United Airlines UAL.O, two of the largest
U.S. carriers, said they were beginning furloughs of over 32,000 workers
on Thursday as hopes faded for a last-minute bailout from Washington.
U.S. airlines have been pleading for another $25 billion in payroll
support to protect jobs for a further six months after the current
package, which banned furloughs, expired at midnight EDT.
Coronavirus relief talks between the White House and House Democrats had
stalled in large part over the price tag, with Democrats seeking $2.2
trillion and the White House staying firm at $1.5 trillion.
Meadows declined to provide the total value of the White House’s latest
proposal but said the figure is “certainly above the $1.5 trillion that
has been articulated to date.”
“As you get above $1.5 trillion, it gets extremely difficult to justify
based on the facts,” he cautioned, explicitly stating that $2 trillion
was too much. “If it starts with a 2, it’s going to be a real problem,”
he added.
Speaking on a flight to Washington from the swing state of Minnesota
where U.S. President Donald Trump had headlined a rally ahead of
presidential elections in November, Meadows said he was hopeful talks
will continue with Democrats on Thursday.
Meadows also told reporters that a stop-gap spending bill approved by
the Republican-controlled Senate and the Democratically-led House to
fund the government through December 11 had been received by the White
House. Trump has signed the bill.
Reporting by Alexandra Alper in Washington; Editing by Muralikumar
Anantharaman and Raju Gopalakrishnan
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