White House considering US Treasury coronavirus bond: Kudlow
Kudlow said this is a time to sell bonds to raise cash for the coronavirus relief efforts and he thought a “war bond” was a great idea
FILE PHOTO: White House National Economic Council Director Larry Kudlow talks with media during a break in a meeting to wrap up work on coronavirus economic aid legislation to prevent the spread of coronavirus disease (Covid-19) in Washington, US, March 21, 2020. REUTERS/Mary F. Calvert
White House advisers have been discussing the possibility of a coronavirus-related US Treasury bond, President Donald Trump's economic adviser Larry Kudlow told CNBC on Monday.
Kudlow said this is a time to sell bonds to raise cash for the coronavirus relief efforts and he thought a "war bond" was a great idea. "This would be a long-term investment into the future of American health, safety and the economy," he told CNBC in an interview. "From my standpoint, technical considerations aside, I think the concept is exactly right."
