"The White House is asking Congress to allocate $500 billion for two separate waves of direct payments to American taxpayers in the coming weeks..."

"... and another $300 billion to help small businesses continue to meet payroll, according to a Treasury Department proposal circulating on Capitol Hill and among lobbyists. The outline, a copy of which was obtained by The New York Times, calls for a total of $1 trillion in spending for those programs, which would also include $50 billion for secured loans for the airline industry, and another $150 billion for secured loans or loan guarantees for other parts of the economy hard hit by the unfolding financial crisis."

The NYT reports.

"The Trump administration is asking Congress to approve a massive economic stimulus package of around $850 billion to stanch the economic free fall caused by the coronavirus..."

"... four officials familiar with the planning said Tuesday. Treasury Secretary Steven Mnuchin will present details to Senate Republicans later Tuesday. The package would be mostly devoted to flooding the economy with cash, through a payroll tax cut or other mechanism, two of the officials said, with some $50 billion directed specifically to helping the airline industry. White House officials also want to include more assistance for small businesses and their employees in the legislation, the officials said.... The $850 billion package would come in addition to another roughly $100 billion package that aims to provide paid sick leave for impacted workers.... White House officials are leaning hard into the idea of tax cuts and industry assistance, while Democrats have said their proposals are focused more on helping workers, health care providers, schools, and senior citizens...."

WaPo reports.