Kudlow: U.S. recovery unaffected by stalled stimulus talks
UPDATED 1:10 PM PT – Tuesday, September 29, 2020
White House Economic Advisor Larry Kudlow has reaffirmed the U.S. is still on track for a v-shaped recovery, despite the stall in relief negotiations.
This week, Kudlow threw cold water on Democrats’ latest $2.2 trillion stimulus package by saying it’s still too high of a price tag.
For a relief bill to be approved, he has said it must tackle four key areas that Democrat proposals have failed to address thus far.
“PPP extension for small businesses, $105 billion to get the kids back to school, supplemental unemployment assistance would be very helpful,” explained the adviser. “These things are really essential…and for some reason we just can’t get it done, but the talks will continue.”
House Democrats met with Treasury Secretary Steven Mnuchin to go over their latest proposal on Tuesday. They are scheduled to meet again on Wednesday.