350 billion in direct Cash Payments will be available for every american citizen earning less than 99,000 per year. That would be 3400 very quickly for the typical family of four. Nothing like thats ever been done in our country. Up to 250 billion in expanded unemployment benefits. The average worker who has lost his or her job will receive 100 of their salary up to four full months. Unlike normal unemployment benefits, independent contractors and the selfemployed will be eligible. So you have independent contractors and selfemployed people will be eligible for this. Over 100 billion to support the heroic work of our doctors, nurses and hospitals. They have been incredible. 45 billion for a Disaster Relief fund. Were setting up a fund of 45 billion for Disaster Relief. That is more than doubling the amount available to support my National Emergency and disaster declarations. It is a doubling up. 27 billion to build up the Strategic National stockpile with critical supplies including masks, respirators, pharmaceuticals and everything you can imagine because it was very depleted, like our military was depleted. Now we have a brand new military, havent had a military like this. We have equipment either coming or its already come, for the most part it already has come but we have a lot of things that will soon be coming, planes, missiles, rockets, lots of things but the stockpile was very depleted, like everything else. This will also include significant funding for the development of vaccines on top of the 8 billion we approved several weeks ago. Over 500 billion in support for the hardest hit industries with a ban on corporate stock buybacks which is something i insisted on and frankly i tell you the republicans wanted that and democrats wanted that. We want them to use the money for the companies and the planes, or whatever they may be helping to get over this rough patch. I dont think it will be end up being such a rough patch. I think it is, especially if we can open the sooner the better. It will open up like a rocket ship. I think it will go very good or very quickly an youre going to have some tough newell limits on executive compensation also. They need the money. They will have to sort of make things work because were interested in workers, the jobs and were interested in the companies because that is really what, what fuels the workers in those great jobs and we have 16 billion in funding for the purchase of personal protective equipment. You know about that, such as masks and respirators through the Strategic National stockpile. I encourage the house to pass this vital legislation and send the bill to my desk for signature without delay. I will sign it immediately. We will have a signing and it will be a great signing and a great day for the American Worker and for American Families and frankly for american companies. Some of which were, having the best years they ever had these last few years and then a little bit less than a month ago they went into a position that they havent seen because of the hidden enemy, the virus. Earlier today i spoke to the leaders of many of americas amazing nonprofit organizations. I thanked them for their unwaving and unwavering devotion to people, American Families and to our nation and they have been fantastic. They have been collecting supplies, distributing food, supporting health care workers, caring for vulnerable workers and families. I encourage them to continue to do it but i tell you the nonprofits are great, they are great people. I know a lot of them. I finally want to provide a quick update on the critical supplies. Through fema the federal government has delivered is shipping 9. 4 million n95 respirators. Think of that, 9. 4 million. 20 million surgical masks. We have others we think are going to be delivered pretty quickly. The whole world, not just us, not just the states, the whole world is trying to get these things, in competition with many, many countries. I believe today you broke 150 mark for the virus. We have a50 over 150 countries where you have this virus. Nobody would ever believe a thing like that is possible, nobody could have ever seen Something Like this coming. Now we know, we know it can happen and happen again. If it does somebody is going to be very wellprepared because of what weve learned and how weve done. It has been incredible how weve done. Remember there are more tests than anybody by far and, and the news, the reporters, the media, always like to bring south korea. They called me and told me, amazing your testing procedures are amazing. We have a test that is a very high level test and it is a test that is very accurate. 3. 1 million face shields, 2. 6 million surgical gowns, 2. 6 million surgical gloves and almost 6,000 ventilators which go to the areas of greatest needs. We sent over the last day 4,000 ventilators to new york. And i spoke with the governor about that. He was happy. I spoke with the mayor also about that. Mayor de blasio. He was very happy. Hard not to be happy with the job were doing, that i can tell you. Throughout this National Emergency everyday heroes continue to step forward and demonstrate the extraordinary character of our nation including the people behind me. By the way, these people are amazing, they are amazing people and they have become, maybe i should speak for myself, to me they have become friend. Maybe they dont like me. Maybe they dont, make they do, all i can tell you theyre talented people, they work very hard. In maryland a 7yearold boy used his own birthday money to buy meals for dozens of senior citizens. In nevada a College Student recruited 9 of her friend to help deliver groceries and supplies to the most vulnerable. This is happening all over the country. Thousands and thousands of instances. I could stand up here all day tell you about other things. In minnesota hundreds of medical students have volunteered to provide child care for hospital workers helping to keep the doctors and nurses on the front lines, fighting to save lives. These inspiring americans remind us that we all have a role to play winning this Great National battle and it is really a worldwide battle. Were dealing with other nations all the time. The people here are, i am a little bit, i take calls from a lot of people. Theyre in trouble. A lot of countries are in big trouble. So now we will hear from our great secretary of the treasury. He has been working rather hard i will tell you. Steve mnuchin is a fantastic guy and he loves our country and he has been dealing with both sides, republican and democrats. He sort of lived over in that beautiful building. It is a very beautiful building, to me one of the most beautiful buildings actually in the world. He has gotten to know it, steve, very well. So if we could have a little update, steve would be fantastic how we are doing, what it is looking like. Thank you. Thank you very much, mr. President , and first let me say i would like to thank Mitch Mcconnell for his leadership and i would also like to thank Chuck Schumer for the enormous bipartisan support we had on this bill and the many senators, both republicans and democrats that worked tirelessly over the last five days on all the task force. The president said i got to live in the lbj room for the last five days and we couldnt be more pleased with the unprecedented response from the senate to protect American Workers and American Business in this situation. The president has outlined many of these but let me just quickly go through them. Again, Small Business retention loans, this will cover roughly 50 of the private payroll in Small Businesses where we will immediately make loans that will supply eight weeks of salaries as long as they keep workers employed and overhead. And those loans will be forgiven at the end of the period as long as they keep workers employed. These are sba loans but treasury will issue new regulations authorizing almost every single fdic insured bank to make these. I expect by the end of next week we will have a very simple process where these can be made and dispersed in the same day. So this will be a very simple system to get money into Small Business hands. For companies that dont qualify for that, we have a Economic Program of tax incentives to retain workers. And as the president said, we have enhanced Unemployment Insurance for people that dont fit into these two programs that will be administered you there the states. We also have Economic Impact payments. These will be within the next three weeks, direct payments into most peoples deposit accounts and for those that dont have it, we will be having the checks in the mail. Treasury will have additional authorities. We have 500 billion that we can use to work with the Federal Reserve for emergency programs that will create up to an additional four trillion dollars if needed to support American Business and American Workers in an unprecedented way. Finally the president mentioned 100 approximately dollars to hospitals and a 150 billion to states that have specific coronavirus expenses as well as many additional things. Mr. President , i especially want to thank you and the Vice President. You were constantly available to us. We spoke constantly throughout the day. You gave us guidance and quick decisions on many issues. And again, thank everybody for that great bipartisan work. This is going to be enormous help for the American Worker for the American Economy. The president was very determined that congress would move swiftly to protect hardworking americans and business in this unprecedented situation. Thank you very much, steve. Great job. Day and night, right . Day and night. That was a lot of work. Well see how it call goes. We need a vote, steve, do you have a question . Reporter do you think this bill will keep the economy afloat . Hopefully a long time, well see. If we have to go back. We have to go back. Well take care of the American Worker and take care of the companies that fuel the country and make the country great. Its not their fault. Its not their fault. I would we anticipated three months. Hopefully we wont need it for three months. Hopefully this war will be won quicker but we expect that this is a significant amount of money, if needed to cover the economy. Dont forget, a lot of this is going to Keep Companies that are very strong, aaa rated companies previously, to keep them going and it is going to be in the form of loans. So the money is going to come back. A lot of this money is coming back. Reporter separately, let me ask you about something you said yesterday. You said we should never be reliant on a foreign country for the means of our own survival. What did you mean by that. I said that for a long time. Reliant on many countries where we give up our supply chains. We give up our factories. We give up our production facilities. We can buy it someplace else for a lower price. But it is really costing us more when it happens. We lose jobs and everything and lose our independence, we cant let that happen. We will be making changes. We have been making changes. Reporter executive order to basically ban the export of medical equipment . I dont think well need that. I think it is happening by itself. A lot of things are happening. Some people, we make the best medical equipment in the world and you have some people like the european union, they dont take it because they have specifications that dont allow our equipment in because it is designed in a different way, even though it is a better way, it is designed theyre all playing games against us, okay . They have been playing games against us for years and no president has ever done anything about it. But the european union, you look at medical equipment, we make the best medical equipment in the world but we cant sell it because, or not appropriately, yet we take their medical equipment in our country. Were changing things, steve. All this is changing. But they have specifications so that our equipment, designed specifically so that our equipment cant come into their countries. Its a very terrible thing thats happened to our country. Let me tell you, some of the people that took the biggest advantage of us, our allies. You know we talk about allies . They took advantage of us in many ways, but financially as well as even militarily, when you look at look, i got, if you look at nato, the abuse that was given to our country on nato where they wouldnt pay and we were paying for everybody. Were now, because of me, theyre paying a lot. Now they paid 125, 135 million, billion dollars more and then, ultimately, secretarygeneral stoltenberg, who i think you would say maybe my biggest fan, we got them to pay an additional 400 billion, billion, other countries. But, you know, that and then there is the trade. They make it, they make it almost impossible for us to have a fair deal. They know this they know im just waiting. We have all the advantages by the way. It will be easy when i decide to do it. But this isnt the right time to do it but weve been treated very, very unfairly by the european union. Reporter mr. President , four republican senators have indicated extra 600 for Unemployment Insurance may encourage workers to leave theyre jobs, even though you can only collect unemployment if youre fired. What do you think of that at this time . I know the issue very well. We talked about it a little while ago. Steve, let you discuss that. Sure. I spoke to several senators today. Let me explain the issue, we wanted to have enhanced Unemployment Insurance. Most of these state systems have technology that is 30 years old or older. So if we had the ability to customize this with much more specifics we would have. This was the only way we could assure that the states could get money out quickly in a fair way. So we used 600 across the board. And i dont think it will create incentives. Most americans, what they want, they want to keep their jobs. I said for 50 of these businesses, they will have the businesses keep those jobs. So this was, our number one issue was, how do we make sure that American Workers who needed to keep getting paid, this is no fault of their own, that businesses have been shut down, the president and Vice President wanted to make sure those hardworking americans got money this was the most efficient way of doing it. Reporter the senators that you spoke with are they in agreement now . I will not comment on specifics where they are. Our expectation this bill passes tonight and gets to the house tomorrow and they pass it. We need to get this money into the American Economy and American Workers that is the importance of this. One good thing when you think about that, people actually get more money but we dont want to give a disinsenttives but they have been talking about that. Good question, actually. Yes, maam. Reporter thank you. Family on, another subject, family of retired fbi agent robert levinson, u. S. Officials concluded that he died in iranian custody. Are you aware of that . Have your officials reached that conclusion . Ive been very much involved in that and he was a great gentleman and a great family. It is just, i have to say this, an, they have been making the statement to the family, i believe, but it is not looking good. He wasnt well for years anyway, in iran. Its not looking promising. We have gotten some people back. We got two people back this week but robert levinson, who was outstanding, he was, he has been sick for a long time and in, it is a rough problems prior to his detainment or capture and we feel terribly for the family but reporter do you expect that he is dead . No, i dont accept that he is dead. I dont accept it. Im telling you, it is not looking great but i wont accept that he is dead. They havent told us that he is dead but a lot of people are thinking that is the case. Feel badly about it. Reporter you tweeted earlier linking the closing of the country to your election success in november . Is this eastertime line based on your political interests what do you mean by my election success . Reporter you tweeted that press wants the economy the media would like me to see you closed reporter lawmakers and people on both sides reopening by easter is not a good idea. What is that based on. Are you ready . Certain people would not like it to open so quickly. Certain people would like it to be financially poorly because they think it would be very good as far as defeating me from the polls. I dont know if that is so, but i do think it is so there are people in your profession that would like that to happen. I think it is very clear reporter does not i think it is very clear that there are people in your profession that write fake news. You do. She does. There are people in your profession that write fake news. They would love to see me, for whatever reason, because we have done one hell of a job. Nobody has done the job weve done. And it is lucky that you have this group here right now for this problem. Or you wouldnt even have a country left. Okay. Go ahead. Reporter mr. President , two questions. First one once you sign the 2 trilliondollar package, how soon or rapidly who are you with . Reporter im with cbn. Were hearing april 6 to have direct payments issued to taxpayers s that the target date . I would say our expectation within three weeks we will have direct payments out where we have depository information and, were looking to get a lot more information than and we have procedures do that. Three weeks for that. End of next week, we ant all the banks to be able to originate loans same day. Reporter thank you, mr. President. I have two questions for you. One is that tomorrow will be speaking with the g20 leaders and i want to know