President Donald Trump is pressing the gas on getting another stimulus bill passed to pump more money into an economy that's been crippled by the coronavirus pandemic.
"With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill. It should be VERY BIG & BOLD, Two Trillion Dollars, and be focused solely on jobs and rebuilding the once great infrastructure of our Country! Phase 4," Trump tweeted on Tuesday morning.
The new bill would fund construction projects around the country that have been halted or shelved due to lagging tax revenues.
This push comes a week after the president signed a $2 trillion record-breaking stimulus package. The Phase 4 stimulus bill would be an extension of that bill, providing even more money for citizens and funding projects that could repair ailing state infrastructures.
Now, both Democratic and Republicans policymakers, administration officials, economists, and think tank analysts need to work out the details for the emergency stimulus package.
And this phase 4 deal could be larger than the last stimulus package. Insiders predict that serious talks to pass this deal would start in late April.
Last week, Sen. Chuck Shumer told the Wall Street Journal after the $2 trillion stimulus bill was signed, “This is certainly not the end of our work here in Congress -- rather the end of the beginning.”
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