Trump wants to send cash to Americans in coronavirus stimulus

President retreats from payroll tax holiday for quick action

20200317N Trump presser

President Donald Trump speaks during a press briefing with the coronavirus task force, at the White House on March 17. © AP

TAKESHI KAWANAMI, Nikkei staff writer

WASHINGTON -- An $850 billion stimulus proposed Tuesday by the White House will include direct cash payments to workers, Treasury Secretary Steven Mnuchin said at a briefing by the administration's coronavirus task force.

"We're looking at sending checks to Americans immediately," Mnuchin said. "Americans need cash now. And the president wants to get cash now. And I mean now in the next two weeks."

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