'The payroll tax holiday would get money to people over the next six to eight months. We're looking to send checks to Americans immediately,' explained Treasury Secretary Steven Mnuchin in the press briefing room. 'Americans needs cash now and the president wants to give cash now.' 

'And I mean now - in the next two weeks,' Mnuchin added.  

Precise details weren't announced at the press conference.  

Mnuchin said he was previewing the plan with Capitol Hill Republicans and would reveal more later, but he suggested the amount could be more than $1,000. There would also be some income cut-offs. 'You don't need to send people who make a million dollars a year checks,' he said. 

Trump said of his administration's stimulus plans: 'We're going big.'  

The economy has spiraled since the coronavirus outbreak reached American shores. In Ohio alone, unemployment claims went from 6,500 last week to 45,000 this week, according to numbers given to reporters by Sen. Rob Portman's office.