White House chief economic adviser Larry Kudlow talks to reporters at the White House, Monday, April 6, 2020, in Washington. (AP Photo/Evan Vucci)
UPDATED 11:08 AM PT — Monday, April 6, 2020
Some relief is on the horizon for Americans trying to make ends meet amid the COVID-19 health crisis.
While speaking in an interview Monday, White House economic adviser Larry Kudlow said $38 billion in small business loans have been made available and the money is on its way. The loans will allow companies to stay afloat and keep employees on payroll through the pandemic.
In terms of individual relief, Kudlow said 175 million Americans will be receiving a check in the next week or two. He also said we could see some progress in fighting the virus, while also fixing the economy within the next month or two.
Kudlow also floated the possibility of a coronavirus-related treasury bond by saying it would be a long-term investment for the future of American health.