Relief Package Could Be About $2 Trillion

“The Trump administration’s top economic adviser estimated that a new financial package being assembled to blunt the economic damage from the coronavirus pandemic would total more than $2 trillion,” the Wall Street Journal reports.

Said Larry Kudlow: “The package is coming in at about 10% of GDP.”

Playbook: “Congress and the Trump administration seem to not care at all about the price tag of legislation — which opens the door for all sorts of interests. We are in the midst of a dramatic expansion of government. Could this be the opportunity to bring back earmarks to help cities and counties rebuild after the coronavirus crisis? This is certain to be in the conversation.”