Nancy Pelosi says Democrats opted against putting federal aid on autopilot in their $3 trillion coronavirus spending package to avoid amplifying sticker shock - Creak News

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Nancy Pelosi says Democrats opted against putting federal aid on autopilot in their $3 trillion coronavirus spending package to avoid amplifying sticker shock

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House Speaker Nancy Pelosi of Calif., arrives for a news conference on Capitol Hill, Thursday, May 14, 2020, in Washington. (AP Photo/Andrew Harnik)Associated Press

  • Pelosi said Democrats had decided against putting federal aid on autopilot to avoid increasing the sticker shock of their $3 trillion coronavirus spending package.
  • Tying federal aid to economic conditions and putting so-called automatic stabilizers in place has gained traction among many left-leaning economists.
  • Some Democrats have already called for stabilizers, but it was left out of the House plan that's set to pass on Friday.
  • Visit Business Insider's homepage for more stories.

House Speaker Nancy Pelosi said on Thursday that Democrats had decided against putting federal aid on autopilot to avoid heightening sticker shock in their $3 trillion coronavirus spending package.

During her weekly press conference, Pelosi said while she supported the idea of federal aid that automatically kicks in as economic conditions deteriorate, it would lead to a heftier price tag for the proposal.

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