Trump threw stimulus checks back into play and called for a large economic aid package — but Republicans still aren't backing more spending
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Trump called on Republicans to back more spending, but he's appeared to sway very few GOP senators."The core disagreement: Are we trying to get the economy back up and running or should we keep it shut down?" conservative economist Oren Cass told Business Insider.
On Wednesday, Trump tweeted that Republicans should "go for the much higher numbers" on coronavirus aid. He later praised a"Some of the Republicans disagree, but I think I can convince them to go along with that because I like the larger number," Trump said at a press conference. "I want to see people get money.""This used to be the White House versus Pelosi up until about now — now the president's coming in and saying we can maybe go to $1.
There are still areas of fierce disagreement between Republicans and Democrats. Talks fell through in early August after both sides failed to bridge divisions on federal unemployment aid and state aid, prompting Trump to implement several executive actions.Oren Cass, executive director of American Compass and a conservative economist in contact with several congressional GOP offices, says the standoff between both parties stems from conflicting views of what a package should achieve.
Cass favors another stimulus package to prop up the economy, saying its recovery can be accelerated by helping people return to work. He adds additional relief legislation would likely benefit the GOP politically ahead of November.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Inside Yelp's Phoenix office: Insiders allege racism, sexism, partying - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Inside a $44 million Lake Tahoe estate that neighbors Mark Zuckerberg - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Metrics show consumers pulling back on spending in September as Congress debates second stimulusAfter spending more in the summer as economies reopened and stimulus checks hit their bank accounts, U.S. consumers are spending less.
Weiterlesen »
Here's how to keep your spending in check when everything starts to reopen - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
'We are helping homeless people get stimulus checks'Thanks to the COVID-19 pandemic, we no longer have islands of hunger, illness and housing instability to contend with; these exist in all quarters of our community. We are seeing people who have never experienced homelessness being forced to navigate it for the first time.
Weiterlesen »
Inside Yelp's Phoenix office: Insiders allege racism, sexism, partying - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »