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.
See the rest of the story at Business Insider
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See Also:
- Mitch McConnell railed against House Democrats' plan to send $1,200 stimulus checks to immigrants left out of initial wave of federal payments
- The Trump administration is reportedly open to aiding cash-strapped states if it can advance key GOP priorities on tax cuts
- Trump said the US 'could cut off the whole relationship' with China as tensions escalate during the pandemic
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