White House economists question if another relief package is needed before election
by Nihal Krishan, Economic Policy Reporter |
| September 23, 2020 06:27 AM
Some White House economists are questioning whether another coronavirus spending package is needed because its positive effects wouldn't be felt until after the election, according to people familiar with the matter.
"There's a new consensus among the economists at the White House that there's no sense in more coronavirus aid right now," said Stephen Moore, an outside economic adviser to President Trump.
"It's too late for that. The money appropriated won't be felt until after the election. It's too late to flood the zone with cash to make any difference now," said Moore, who met with multiple senior White House economists on Monday.
Publicly, the Trump administration and lawmakers of both parties favor enacting more relief. But Congress has struggled to pass legislation. The parties are at odds over the cost of the bill. Republicans are seeking $1 trillion, while Democrats are asking for at least twice that amount.
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https://www.washingtonexaminer.com/news/white-house-economists-question-if-another-relief-package-is-needed-before-election
