White House Economic Advisor Kudlow says stimulus package under negotiation around 2tln USD

  


Larry Kudlow, director of the U.S. National Economic Council, spoke before heading into further negotiations:

  • Said the economic stimulus package under negotiation will total more than $2 trillion.

That’s around twice what was previously sought last week and is equal to approximately 10% of US economic output (GDP). This is confusing. Amounts mooted have been put around $1.3 – 1.5tln. 

Another White House official later said the 2 tln number included the impact of Fed actions, the package Kudlow is referring to is circa $1.5 tln. 

Larry Kudlow, director of the U.S. National Economic Council, spoke before heading into further negotiations:

 



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