Negotiators in Washington have made no progress on getting a new economic aid package through Congress but a top White House official on Monday suggested such spending may not be necessary.
Democrats and Republicans are deadlocked on how much to spend to support the world’s largest economy as it weathers the continuing side effects of the coronavirus pandemic which caused layoffs to surge, though some businesses are recovering.
White House economic advisor Larry Kudlow said that recent data pointed to a “self-sustaining, strong” recovery, and while a new spending bill “has some elements that could help” it may not be needed after all.
“I do not think the recovery is contingent on that assistance package,” Kudlow said.
Congress passed the $2.2 trillion CARES Act as the pandemic intensified in March, which provided loans and grants to badly affected small businesses as well as extra benefits to the unemployed.
Those programs have since expired, and even though sectors like real estate and retail sales have seen strong growth in recent months as lockdown orders have been lifted, Democrats controlling the House of Representatives have called for more spending to aid the recovery.
They passed a $3 trillion measure earlier in the year, which Republicans controlling the Senate have so far rejected. A Republican-backed measure costing $500 billion also failed to clear the Senate earlier this month after Democrats objected.
Despite the reopening, weekly Labor Department data shows layoffs remaining well above the worst week of the 2008-2010 global financial crisis, with 860,000 new claims filed in the week ended September 12, only a slight decrease from the week prior.
‘No wonder he’s losing suburban women’: Trump flattened for promise he’s putting ‘your husbands back to work’
President Donald Trump is drawing ire from women as his closing message to female voters is, "We’re getting your husbands back to work!"
Trump made the statement to a cheering crowd in Michigan Tuesday, though he didn't clarify what women should do if they work outside of the home and have been laid off due to the pandemic. It also appears the president has decided to ignore unmarried women entirely.
Trump fires NOAA’s chief scientist for asking political appointees to follow scientific integrity rules
The Chief Scientist at the National Oceanic and Atmospheric Administration (NOAA) is out.
Craig McLean, who until recently was the acting chief scientist, had sent a memo to political appointees at NOAA requesting that they, like everyone else, observe the agency's scientific integrity rules, The New York Times reports.
The next day one of President Donald Trump's political appointees, Erik Noble, told him he was out and had already been replaced.
Trump chants ‘COVID!’ ten times in a row after Obama slams him as ‘jealous’ of virus
President Donald Trump on Tuesday again complained about the amount of media coverage being given to the ongoing COVID-19 pandemic.
Trump made the remarks at a campaign event in Lansing, Michigan, where he reminded supporters that he had been infected by the virus.
"I would like to give me full credit," the president said of his recovery. "I don't want to give the drug any credit. I want to say, because I am a very young person that's in perfect physical shape, I took that virus and I woke up the next morning and I felt like Superman."
Trump then motioned to members of the media at the event.