White House Plans $1 Trillion for Next Stimulus Round

from Zero Hedge

One day after Merkel’s coalition overcame ideological difference and passed a €130BN stimulus for the foundering German economy, the US is already out contemplating the next fiscal infusion, with Bloomberg reporting that the Trump administration now envisions as much another $1 trillion in the next round of economic stimulus – a number that seems oddly low at a time when some believe the US fiscal deficit may hit $8 trillion in 2020 – though the discussions scheduled for this week have been delayed.

Mitch McConnell told White House officials behind closed doors that “another round of fiscal stimulus from Congress could be just under $1 trillion”, a figure that administration officials are reportedly comfortable with.

Some more details from Bloomberg:

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