Report: White House economic adviser says there’s no need for another coronavirus relief package

House Speaker Nancy Pelosi (D-CA) may have missed her chance to pass a new bill on coronavirus relief.

According to the Washington Examiner, top White House economic adviser Larry Kudlow said Thursday that he doesn’t think Congress needs to pass another coronavirus stimulus package.

Kudlow’s remarks on the topic came Thursday during a virtual event for the Republican National Convention. According to the Examiner, the economic adviser and commentator was asked whether the U.S. economy is strong enough to make it through the rest of the COVID-19 pandemic without more federal aid.

“I think we are,” Kudlow replied, according to Newsweek. “If the virus continues to flatten after this tough summer of spiking, I think you’ll see more businesses reopen, even those that might have paused will come back online [and] more people are going to come back to work.”

Where are we?

Negotiations for the next round of coronavirus relief ground to a halt on Aug. 7, The Washington Post reported, with both sides reaching an impasse just before Congress went on a recess.

It all ended with House Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) offering to reduce their initial $3.4 trillion package by $1 trillion, but only if the Republicans would agree to increase their original $1.1 trillion package by $1 trillion, as CNBC reported. Republicans, for their part, said no deal.

With Congress failing to reach an agreement, President Donald Trump was forced to issue a series of executive orders that included efforts to provide expanded unemployment relief, CNBC noted. But now, with Congress set to resume session, negotiations on a broader package are starting back up.

According to the Washington Examiner, Pelosi spoke Thursday on the topic with White House Chief of Staff Mark Meadows. The two spoke for less than half of an hour, however, according to CBS News, and, in Pelosi’s view, the two sides are still far away from a deal.

“This conversation made clear that the White House continues to disregard the needs of the American people as the coronavirus crisis devastates lives and livelihood,” the House speaker said Thursday, according to CBS.

Making a move

Pelosi had stated earlier in the day that she and the Democrats would be unwilling to budge from their latest offer to meet in the middle at $2 trillion.

“We’re not budging. They have to move. They have to move,” Pelosi said, according to The Hill.

If Kudlow is right, it may indeed be the White House and Republicans who make the next move — to scrap the idea of a relief bill altogether.

Share on facebook
Share To Facebook

Latest Posts