The Trump administration is reconsidering the possibility of major economic stimulus legislation, a senior Administration official told CNN, even though President Trump and Larry Kudlow both indicated Friday the White House wasn’t interested in such a move.
“Congress is sharing a lot of ideas. Up to the President,” the official said.
A separate Administration official told CNN that Trump aides continued discussing possible targeted stimulus ideas over the weekend. The official noted that nothing is finalized or nearing the point where they are ready to announce it.
The ideas still include possible relief for the hospitality and/or travel industries. Trump has also heard from Republican allies, including over the weekend to push for a payroll tax holiday, the official said.
The official said they expected Trump to continue going after the Federal Reserve.