Graham: Coronavirus stimulus will take 'a hell of a lot more' than $1 trillion
By Jordain Carney - 03/20/20 03:24 PM EDT
Sen. Lindsey Graham (R-S.C.) warned on Friday that the federal government would need to spend significantly more than $1 trillion as it tries to keep businesses afloat during the economic and social upheaval sparked by the coronavirus.
Graham, speakers with reporters, indicated that he had discussed the issue with Treasury Secretary Steven Mnuchin.
"We gotta tell the public the truth, we’re going to be floating probably 70 percent of the nation’s payroll ... if the containment policies continue to be this aggressive. Nobody's ever thought of that before. Nobody's ever done that before. It’s gonna be a hell of a lot more than $1 trillion," Graham said.
The administration and Republicans have aligned behind a nearly 250-page stimulus package that would cost approximately $1 trillion, though a hard top-line figure has not yet been released.
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https://thehill.com/homenews/senate/488687-graham-coronavirus-stimulus-will-take-a-hell-of-a-lot-more-than-1-trillion
