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Mnuchin Floats Cash for Families, Airlines in $1.3 Trillion Plan

  • Treasury lays out plan to support money market funds
  • Mnuchin to send first check April 6 if Congress approves
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WATCH: President Trump says the size of the checks that will be going out to Americans are “to be determined."(Source: Bloomberg)

U.S. Treasury Secretary Steven Mnuchin’s goal to pump money into the economy quickly has him adding another decimal-point to his plan nearly every time he speaks.

It started with $850 billion on Monday, and on Tuesday he confirmed reports of a “big number” -- $1 trillion. On Wednesday the figure had reached $1.3 trillion for the next round of fiscal stimulus Congress plans to take up after the Senate passes a smaller package of measures that the House already passed.