White House seeks $850 billion economic stimulus amid coronavirus crisis

Treasury Secretary Steve Mnuchin, second from left, speaks with members of the media as he departs a meeting with Senate Republicans on an economic lifeline for Americans affected by the coronavirus outbreak. on Capitol Hill in Washington, Monday, March 16, 2020. Standing with Mnuchin is White House chief economic adviser Larry Kudlow, right. (AP Photo/Patrick Semansky)

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WASHINGTON (AP) - The White House is proposing a roughly $850 billion economic rescue package Tuesday amid the coronaviru s outbreak, a sweeping stimulus for businesses and taxpayers amid unseen since the Great Recession of 2008.

Treasury Secretary Steven Mnuchin planned to outline the package to Senate Republicans at a private lunch, with officials aiming to have Congress approve it this week.

Senate Majority Leader Mitch McConnell, opening the Senate on Tuesday morning, promised swift action.

"The Senate will not adjourn until we have passed significant and bold new steps above and beyond what the House has passed to help our strong nation and our strong underlying economy weather this storm," McConnell said.

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