300 billion in direct Cash Payments will be available for every american citizen earning less than 99,000 per year. That would be 3,400 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 for 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 doctor, nurse, and hospitals. Theyve been incredible. 45 billion for Disaster Relief fund. So we are setting up a fund 45 billion for Disaster Relief. Thats more than doubling the amount of available to support my National Emergency and disaster declarations. Thats 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 depleted, like our military was depleted. Now we have a brandnew military. Never had a military like this. We have equipment either coming or its already come. For the most part its already come, but we have a lot of things that will soon be coming. Planes, missiles, rocket, 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 the ban on corporate stock buybacks, which is something i insisted on. And frankly, i tell you the republicans wanted that and the democrats wanted that. We wanted to use the money for the companies and the planes or whatever they may be helping to get over this rough patch. And i dont think its going to end up being such a rough patch. I think when we open, especially if we can open it, the sooner the better, its going to open up like a rocket ship. I think its going to go very good and very quickly. And youre going to have some tough new limits on executive compensation, also. They need the money. r going ha just make things work. Because were interested in the workers, the jobs. And were interested in the company, because thats really what fuels the workers in those great jobs. We also 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 theyve 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 leaders of many of americas amazing nonprofit organizations. I thanked them for their unwaving and unwavering devotion to american. To people, to american families, to our nation. And they have been fantastic. Theyve been collecting supplies, distributing food, supporting health care worker, caring for vulnerable workers and families. I encourage them to continue to do it. But i tell you, the nonprofit, great people. I know a lot of them. Finally, a brief update on the critical supplies. Through fema, the of the has delivered or is in the process of shipping 9. 4 million n95 respirators. Think of that. 9. 4 million. 20 million surgical masks, and we have others that we think are going to be delivered pretty quickly. The whole world, you know, its not just us. Its not just the states. The whole world is trying to get these things. So in competition with many, many countries. I believe today you broke the 150 mark for the virus. We have 150 countries, over 150 countries where you have this virus. And 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, somebodys going to be very well prepared because of what weve learned and how weve done. Its been incredible how weve done. Remember, there is more tests than anybody by far. And the news, the reporters, the media always likes to bring south korea. They called me and told me its amazing, your testing procedures are amazing. Plus we have a test that is a very high level test and its a test thats very accurate. 3. 1 million face shields, 14. 6 million 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. Its 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 become i dont know, maybe i should just speak for myself. But to me, they become friends. Maybe they dont like me. Maybe they dont. Maybe they do. I dont know. All i can tell you is 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 90 of her friends 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 and tell you about other things. In minnesota, hundreds of medical students have volunteered to provide child care for hospital workers, helping to keep our doctors and nurses on the front lines, fighting to save lives. These inspiring americans remind us that we all have a role to play in winning this Great National battle, and its really a worldwide battle. Were dealing with other nations all the tile. The people here are, 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, he will tell you. Steve mnuchin is a fantastic guy, and he loves our country. And he has been dealing with both sides, republicans and democrats. He has sort of lived over in that beautiful building. To me its a beautiful building, one of the most beautiful buildings in the world. If we can have a little update what it looks like and how were doing. Thank you. Thank you very much, mr. President. First let me say i would like to thank Mitch Mcconnell for his leadership, and id also like the thank Chuck Schumer for the enormous bipartisan support we had on this bill and the many senators both republicans and democrats that work tirelessly over the last five days on all the task force. As the president said, i got to live in the lbj room for the last five pleased with the unprecedented response from the senate to protect American Workers and American Business in this situation. Let me 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 loan, but the treasury will be issuing new authorizatio authorizations, 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. System to get money into Small Business hands. For companies that dont qualify that, we have an 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 through 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 4 trillion if needed to support American Business and American Workers in an unprecedented way. And then finally, the president mentioned 1 100 billion to hospitals and 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 are 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 this great bipartisan work. This is going to be enormous help for the American Workers and the American Economy. The president was very determined that congress would move swiftly to protect hardworking americans in business in this unprecedented situation. Thank you very much. Great job. Day and night, right . Day and night. That was a lot of work. And well see how it all goes. We still need a vote, steve. Do you have a question . Yes. How long 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. Were going to take care of the American Worker. Were going take care of these companies that fuel the country and make america great. Its not their fault. Its not their fault. Id say we anticipated three months. Hopefully we wont need this 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. And dont forget, a lot of this is going to be to Keep Companies that are very strong, aaa rated companies previously, to keep them going. And its going to be in the form of loans. So the money is going to come back. A lot of this money is coming back. Let me ask you about something you said yesterday. You said we should never rely upon a foreign country for the means of our own civil. Ive been saying that for a long time. What did you mean . We rely on many countries where we give up our supply chains, we give up our factories, we give up our production facilities and we can buy it some place else for a little bit lower price. But its really costing us more when that happens because we lose jobs, we lose everything, and we lose our independence. And we cant let that happen. So well be making some changes. We have been making those changes. An executive order to basically ban the export of medical equipment . I dont know if we need that, but i think its happening by itself. I think a lot of things are happening. Well, some people, we may 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 its designed in a different way, even though its a better way, its designed. Theyre all playing games against us, okay. Theyve 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 were not appropriately. And yet we take their medical equipment in our country. Were changing things, steve. All of 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. And let me tell you, some of the people that took the biggest advantage of us are 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. Now because of me, theyre paying a lot. Now they paid 125, 235 billion more, and then ultimately, secretary general sultanberg, who i think you would say is my biggest fan we got him to play an additional 400 billion, billion, other countries. And then there is the trade. 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. Its going to 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. Mr. President , four republican senators have indicated that the extra 600 for Unemployment Insurance may encourage workers to leave their jobs, even though you can only collect unemployment if youre fired. Im curious what you think of that concern. Well, i know the issue very well. We talked about it just a little while ago. Steve, im going to let you maybe discuss that. Sure. I spoke to several of those senators today. Let me just explain the issue. We wanted to have enhanced Unemployment Insurance. Most of these state systems have technology thats 30 years old or older. So if we have the ability to customize this with much more specifics, we could 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. 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. And this was the most efficient way of doing it. Senators that you spoke with, are they in agreement now . Im not going comment on the specifics of where they are. But i would say, you know, our expectation as 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. Thats the importance of this. The one good thing when you think about that, people get actually more money. But we dont want to give a disincentive. But they have been talking about that. Its a good question, actually. Yes, maam, please. Thank you. The family on another subject, the family of retired fbi agent Robert Levenson says u. S. Officials have concluded he has died in iranian custody . Are you aware of that . And how did u. S. Officials reach that conclusion . And ive been very much involved in that. And he was a great gentleman and a great family. Its just i mean, i have to say this, and theyve been making this statement to the family, i believe. But its not looking good. He wasnt well for years in iran. Its not looking promising. Weve gotten so many people back. We got two people back this week, but robert levinson, who was outstanding, he has been sick for a long time. And its rough problems prior to he detainment or capture, and we feel terribly for the family. Do you accept that he is dead . No, i dont accept that he is dead. I dont accept it. Im telling you its not its not looking great, but i wont accept that hes dead. They havent told us that hes dead. But a lot of people are thinking that that is the case. Mr. President , you tweeted earlier linking the closing of the country to your election success in november. Is this easter timeline based on your political interests . What do you mean my bimy success . You tweeted. You said the media wants the country to remain close to hurt the media would like to see me do poorly in the election. Is that lawmakers on both sides of the aisle have said reopening the country by easter is not a good idea. What is that plan based on. Just so you understand. Are you ready . I think there are certain people who would like it not to open so quickly. Thing are certain people who would like it to do poorly because that would be very good as far as defeating me at the polls. I dont know if thats so, but i think there are people in your profession that would like that to happen. I think its very clear. Does not endorse that i think its 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 weve done one hell of a job. Nobodys done the job that weve done. And its lucky that you have this group here right here for this problem or you wouldnt even have a country left. Okay. Go ahead. Mr. President , two questions. The first one, once you sign the 2 trillion package, how soon or how rapidly do you expect to see economic growth. Who you with . Cbn. And my second question is we are pushing for april 6th to have direct payments issued to taxpayers. That the target date . I think its very much. I would say our expectation is within three weeks we will have direct payments out where we have depository information and were looking to get a lot more information, and we have procedures to do that. Three weeks for that, and i would say the end of next week we want all the banks to be able to originate loans the same day. Thank you, mr. President. Have i two questions for you. One is tomorrow youre going to be speaking with the g20 leaders. And i want to know if youre going lead