If Republicans don't get their act together the economy's going to fall off a cliff - Creak News

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If Republicans don't get their act together the economy's going to fall off a cliff

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  • The US economy is facing a pandemic-induced fiscal cliff, and Republican bickering about to handle it is likely to push it over.
  • In a few weeks the extra boost the federal government was giving to unemployment checks will run out, and state and local governments will have to balance their budgets.
  • But the coronavirus pandemic is still raging, with an average of 20,000 cases nationwide per day. Federal Reserve Chair Jerome Powell says that means economic activity is likely to stay muted.
  • So Republicans should stop being delusional and join Democrats in passing another rescue bill, fast.
  • This is an opinion column. The thoughts expressed are those of the author.
  • Visit Business Insider's homepage for more stories.

Dithering and bickering from President Trump and Senate Republicans could push the US economy off a cliff. Instead of joining with Democrats in the House to pass another economic rescue bill, they're fighting about what kind of aid to give and when, about whether the pandemic is over or not.

No one has time for this.

See the rest of the story at Business Insider

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SEE ALSO: Millions of Americans could get left behind unless Congress passes a new economic stimulus package. Here's what should be in it.



from Business Insider https://ift.tt/3esiqok

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