The White House plans to announce a 'very dramatic' economic plan as the coronavirus raises recession fears. Here are the 4 steps it could take.

• President Donald Trump has announced plans to unveil on Tuesday evening a major plan to soften the financial blow of the coronavirus.
• The virus has sparked recession concerns in the largest economy.
• While nothing has been finalized, here are some of the key measures that have been floated in the White House and on Capitol Hill.
• Visit Business Insider's homepage for more stories.

President Donald Trump has announced plans to unveil on Tuesday evening a major plan to soften the financial blow of the coronavirus, which has sparked recession concerns in the largest economy.

"We'll explain what we're doing on an economic standpoint and from an economic standpoint. But they will be very - very dramatic," Trump said Monday. "And we have a great economy, we have a very strong economy, but this came - this blindsided the world."

But details of the proposal remained uncertain just hours before the expected announcement, according to a White House official who spoke to Markets Insider on the condition of anonymity. Trump advisers planned to meet with Senate Republicans around noon on Tuesday to discuss the proposal.

Here are some of the key measures that have been floated in the White House and on Capitol Hill.