The White House is considering the idea of issuing coronavirus “war bonds” through the Treasury to finance the government’s fight against the pandemic.
Government bonds currently have 10- and 30-year maturities. The White House and many lawmakers in Congress are already looking at the need for another economic rescue plan, following on the $2.2 trillion package approved late last month to help workers, distressed businesses and communities.
“We have to execute what we’ve got on the table, it’s a massive package, give it a few weeks minimum, a month, and let’s see how effective we are, let’s see how efficient we are,” he said. “If we need more money, we’ll go and seek more money, and to that point, we’ll finance it. I don’t think it will be hard to be financed.”
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