Ex-Obama economist Jason Furman rips Republicans lacking stimulus plan - Business Insider

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'It's baffling:' A former top Obama economist rips into Republicans lacking an economy-saving stimulus plan

Jason Furman, a top economist during the Obama administration, had a lot of criticism for how Republicans handled stimulus negotiations.

Stimulus negotiations between Republicans and Democrats collapsed after two weeks of largely fruitless talks earlier this month.A former top economist to President Barack Obama assailed Republicans and the Trump administration for lacking a cohesive strategy on stimulus negotiations that fell apart earlier this month., Jason Furman, Obama's former head of the Council of Economic Advisors, was extremely critical of how Republicans handled efforts to rescue the coronavirus-battered economy.

Stimulus negotiations between Republicans and Democrats collapsed after two weeks of largely fruitless talks. Senate Republicans unveiled their plan days before the $$600 federal supplement to state unemployment insurance expired for 28 million Americans on jobless benefits.MORGAN STANLEY: The government's recession response has the stock market heading for a massive upheaval. Here's your best strategy to capitalize on the shift.

The GOP and Democrats fiercely disagree on the amount of government spending necessary to pull the nation out of a recession, particularly on boosted unemployment insurance and aid to states.

 

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