Nancy Pelosi says Democrats opted against putting fed aid on autopilot to avoid sticker ... - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Nancy Pelosi says Democrats opted against putting federal aid on autopilot in their $3 trillion coronavirus spending package to avoid amplifying sticker shock

House Speaker Nancy Pelosi of Calif., arrives for a news conference on Capitol Hill, Thursday, May 14, 2020, in Washington. Pelosi said Democrats had decided against putting federal aid on autopilot to avoid increasing the sticker shock of their $3 trillion coronavirus spending package.

"What I know, many years an appropriator and in leadership, do not realize because we have never spoken in these big terms before, is that if you have a stabilizer in it that something will happen next January and then you'll have $400 billion, $500 billion worth of unemployment checks going out, it counts in the bill today," she said.

Pelosi appeared to say Democrats were looking for other ways to embark on spending initiatives without being counteracted. Mike Konczal, the director of progressive thought at the Roosevelt Institute, a left-leaning think-tank, said Democrats could be scaling back their ambitions out of confusion. Then, the flow of federal help would scale back to normal levels once the nation's economic health is restored. Many experts believe it's an effective way to respond to an economic crisis as it removes the need for congressional action, saving time and resources.earlier this month to include stabilizers in the coronavirus spending package. Rep. Don Beyer and Sens. Jack Reed and Michael Bennet called for connecting unemployment insurance payments to the state of the recovery.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why don’t you be a journalist and list where the 3 billion goes.

Where's the Mad Dog to give Rabies to Pelosi?

SpeakerPelosi is going’s to make it harder for senatemajldr group of heavy pockets to take out larger bailouts. If we even considered social Economic Pay checks, No one over 500% Net profit are willing to pay more taxes.

“I don’t want to do the right thing, because republicans might call me names”

But mail in voting ok.

Put the mask on fugly!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Starling is off to a fast start on relief loans - Business Insider - Business InsiderStarling has been stepping up its efforts to appeal to businesses amid the pandemic, and it's already reaping some tangible benefits
Source: BusinessInsider - 🏆 729. / 51 Read more »

US economy, GDP may never get to pre-coronavirus growth, need aid bill - Business InsiderIn order to prevent GDP growth from being trapped on a slower path, Congress needs to step up and get aid to state governments and to Americans. pearkes The shills for Wall Street are finally starting to crack and tell the truth. The retirement fund Ponzi scheme is tapering and like all Ponzi schemes it will end badly for many people. pearkes Bitcoin
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business travel will be less common after coronavirus, CEOs say - Business InsiderBusiness trips could become a thing of the past as the pandemic pushes CEOs to ask themselves what warrants a flight and what could've been a Zoom call I've been asking myself this for a while
Source: BusinessInsider - 🏆 729. / 51 Read more »

Fed survey: The poorest Americans are being hit hardest by job loss - Business Insider'This reversal of economic fortune has caused a level of pain that is hard to capture in words,' said Fed Chair Jerome Powell. Most didn’t get Trump $1200, while I got it and I worked whole Corona times non stop. Mostly always government intervention screw the lowest layers Duh, they have no skills, thus lower paying jobs. Really a non story.
Source: BusinessInsider - 🏆 729. / 51 Read more »