Economic rescue balloons past $1 trillion as talks resume

Donald Trump
President Donald Trump signs an $8.3 billion bill to fight the coronavirus outbreak in the U.S., Friday, March 6, 2020 at the White House in Washington, as Department of Health and Human Services Secretary Alex Azar, looks on. The legislation provides federal public health agencies with money for vaccines, tests and potential treatments and helps state and local governments prepare and respond to the threat. The rapid spread of the virus has rocked financial markets, interrupted travel and threatens to affect everyday life in the United States. (AP Photo/Evan Vucci)

WASHINGTON (AP) — Negotiators from Congress and the White House have resumed top-level talks on a ballooning $1 trillion-plus economic rescue package.

Officials put the price tag at nearly $1.4 trillion and said with other measures from the Federal Reserve it could pump $2 trillion into the U.S. economy.

President Donald Trump, during a briefing at the White House on Saturday, expressed optimism that it could be agreed upon soon.

The Senate convened the rare weekend session with the aim of drafting the package Saturday, holding an initial vote Sunday and winning Senate passage on Monday.

Categories: Coronavirus, National News