It’s almost as if they aren’t worried about their constituents at all.
U.S. House Speaker Nancy Pelosi on Wednesday said Democrats and the Trump administration aren’t even close when it comes to reaching an agreement on the next economic aid package.
“We’re miles apart. It’s a chasm … but as a practical matter, they’re going to have to come to the table.”
Hmm. Her Republican counterparts might not see it that way. Pelosi & Company passed a $3.5 trillion House bill in May, while the Senate Republicans passed a $1 trillion measure in late July. Neither side seems willing to budge very much, and a number of Republicans aren’t sure they want another deal at all.
White House Economic Advisor Larry Kudlow said that the economy appears to be recovering on its own and doesn’t need a big stimulus package, just targeted money.
Meanwhile, President Trump issued executive orders to restart federal unemployment bonus checks, continue the moratorium on foreclosures, and even cut the payroll tax. Some of the moves are legally questionable, but it will take a bold Democrat to sue to stop money going into the pockets of the unemployed and workers.
With both Houses in recess, not much is likely to happen before September.