White House adviser says fourth stimulus package may not be necessary
By Morgan Chalfant - 05/18/20 11:06 AM EDT
White House economic adviser Kevin Hassett said Monday that a fourth stimulus package may not be needed to address the economic damage caused by the novel coronavirus pandemic.
“I think it’s possible that we will see a strong-enough economy that we don’t need a phase four,†Hassett told reporters at the White House.
Hassett, echoing other White House officials, said the administration is currently in a “wait and see†mode to assess the full impact of previous stimulus legislation on the U.S. economy before resuming formal talks on a fourth package.
His remarks come as a number of states gradually reopen businesses amid the pandemic, which has resulted in a massive spike in unemployment as a result of closures aimed at preventing the spread of the coronavirus.
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https://thehill.com/homenews/administration/498293-white-house-adviser-says-fourth-stimulus-package-may-not-be-necessary
