The US Treasury Secretary Steve Mnuchin has said the administration is working on a big economic stimulus package, reported to be worth some $850bn, which he’ll be discussing with Congress in the coming hours.

According to the BBC, under the plans, Americans will be allowed to defer up to $300bn worth of taxes.

It also includes payments to small businesses and loan guarantees.

More from Mr. Mnuchin and President Donald Trump, who are speaking to reporters at the White House, shortly.

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