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U.S. President Donald Trump wants the government to send checks directly to Americans in the next two weeks in an effort to curb the economic impact of the COVID-19 outbreak.
Treasury Secretary Steven Mnuchin made the announcement at a Tuesday news conference at the White House.
"We want to make sure Americans get money in their pockets quickly,” Mnuchin said. He did not detail the amount that should be sent to Americans, but also agreed that millionaires would not get this funding.
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The move is part of an economic stimulus package to help combat the COVID-19 outbreak, which has caused the U.S. stock market to drop substantially in the past month.
The treasury secretary planned to outlined a $850 billion package to Senate Republicans during a private lunch.
The Associated Press reports that whatever is in the economic bailout, a substantial amount of aid will be dedicated to U.S. airlines. Companies have asked the federal government for grants, loans and tax relief that could measure up to $50 billion to help in a recovery.
The U.S. health care system will see a number of immediate changes to help seniors avoid the virus.
U.S. Medicare will expand coverage for telemedicine nationwide in order to help the elderly with health problems stay at home. Patients with diabetes, for example, wouldn't have to postpone a follow-up visit with their doctor but would be able to do so over Skype.
Medicare administrator Seema Verma added that the Centers for Medicare and Medicaid Services are also encouraging states to expand tele-health for low-income people.
Meantime, President Trump stood by his use of the term "China virus" when discussing COVID-19.
"China was putting out information, which was false, that our military gave this to them," Trump told reporters. "And rather than having an argument I said, 'I have to call it where it came from.'"
When asked if the COVID-19 pandemic would impact the recently signed trade agreement between China and the U.S., and the phase 1 agricultural deal, Trump did not see any disruption in the near future.
"They have been buying and will be buying a lot of our product," Trump said.