Watch CBSN Live
MoneyWatch
Congress
White House
Treasury
The View."The House & Senate
Paycheck Protection Program for Small Business
Oxford Economics
Replenishing the Paycheck Protection Program
Goldman Sachs
priority."After
Height Securities
Trump
the Center on Budget and Policy Priorities
Health and Economic Recovery Omnibus Emergency Solutions) Act
the Coronavirus Aid
Relief and Economic Security Act
the Economic Policy Institute
LWA
CBS Interactive Inc
CBS Interactive Inc.
ICE Data Services
FactSet
The Associated Press.
Aimee Picchi
Donald Trump
Mr
Larry Kudlow
Steven]
Mnuchin
Pelosi
Nancy Pelosi
Gregory Daco
DeFazio
Alec Phillips
Height
Covid
Americans
Democrats
Republicans
No matching tags
No matching tags
now!Economists
U.S.
No matching tags
"I don't want to walk through the details because [Treasury Secretary Steven] Mnuchin and Speaker Pelosi will be on the horn this afternoon" to negotiate the package, Kudlow said.That's a reversal from Mr. Trump's position earlier this week, when he pushed for a more limited series of separate measures: stimulus checks, $25 billion in aid for airlines and $135 billion in fresh loans for small businesses. "Without faster job growth — unlikely at this stage of the recovery — or increased fiscal aid, households, businesses, and state and local governments will be increasingly susceptible to a deterioration of the health situation," noted Gregory Daco, chief U.S. economist at Oxford Economics.Speaker Pelosi & Secretary Mnuchin spoke by phone at 9:33 a.m. The Secretary inquired about a standalone airlines bill. After the virus erupted in the U.S. this spring, the Coronavirus Aid, Relief and Economic Security Act had distributed some 160 million checks to Americans, offering cash payments of $1,200 for individuals and $2,400 for married couples, up to some income limits.A boost of $1,200 per adult would certainly help alleviate financial stress, yet that one-time payment would only go so far — a month's rent, for instance, or help with groceries and other bills.
As said here by Aimee Picchi