White House eyes massive $850B stimulus package next, as Senate moves on latest coronavirus bill

White House officials and congressional lawmakers are signaling they will attempt to push through a third coronavirus spending package worth hundreds of billions of dollars even as the Senate works to move along the more modest second relief bill that focuses on leave for workers and expedited testing for the disease officially known as COVID-19.

Fox News has learned that the White House specifically is pushing an $850 billion stimulus, largely in the form of tax relief measures.

Roughly $500 billion of this would be tied to a payroll tax cut, while $250 billion would come in the form of Small Business Administration loans and another $58 billion would be directed to the airline industry, among other measures.

Treasury Secretary Steven Mnuchin will attend the Senate GOP's weekly policy lunch Tuesday -- which will take place in a larger room that it usually does so the senators can practice social distancing -- to discuss the details of the comprehensive coronavirus proposal from the White House.

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