The Treasury will announce a $4 billion economic stimulus package on Tuesday to help pay for more spending on infrastructure and other spending as the economy recovers from the election loss, according to people familiar with the matter.
The move is expected to further strengthen the economy and spur hiring, although details about how the money will be spent and how it will be divided will be more detailed in the coming days, people familiar have said.
The Treasury has been seeking $1.9 trillion in stimulus measures to help it weather the political storm after the election, which saw President Donald Trump lose the popular vote and his party’s majority in the Senate.
The new package would pay for $2.9 billion of infrastructure spending in 2018 and another $3.3 billion in 2019, according the people.
It would also pay for other spending on roads, bridges, tunnels, airports, rail, water and wastewater, they said.
The money would be split between states, cities and local governments.
It is expected the package would include $200 million for the Department of Veterans Affairs, $100 million for public schools and $100.5 million for infrastructure projects, according these people.
Trump’s Democratic rival, Hillary Clinton, had said the package should include $2 trillion for the economy.